Escape's Options Trading Diary - Phase 2

[escape]

Bought 6 lots of Nifty 31Jan2013 PE 6000 @ 24.45, SL 21.00, CMP 24.30

 

[escape]

Bought 6 lots of Nifty 31Jan2013 PE 6000 @ 24.45, SL 21.00, CMP 24.30

Missed putting SL, instead bought another 4 lots.

Now holding 10 lots Avg. @ 24.10, SL 17, CMP 19.20

MTM Status: Red again

 

[trdstudent]

Exit @ 71.70, profit of 1.00 points, less brokerages.

Thnx escape and I exite put at 67 (that was approx buy price for CE and exite rest of my CEs at 87. Done for today.

 

[escape]

Missed putting SL, instead bought another 4 lots.

Now holding 10 lots Avg. @ 24.10, SL 17, CMP 19.20

MTM Status: Red again

SL hit @ 17, loss of 7.10 points, less brokerages.

MTM: Red

 

[escape]

Bought 2 lots of Nifty 31Jan2013 CE 6000 @ 90.40, SL 89.00, CMP 91.10

 

[escape]

Bought 2 lots of Nifty 31Jan2013 CE 6000 @ 90.40, SL 89.00, CMP 91.10

SL hit @ 87, loss of 3.40.

MTM: Red

 

[trdstudent]

SL hit @ 17, loss of 7.10 points, less brokerages.

MTM: Red

Escape , i knw how it feel whn u saw a trd close in red
Ur S/R system is very good .... u can mix 2 more things with this .... 1) chk the OI from option chain and how it is chnging , 2) observe and try to remember the future order flow around S/R

Am sorry if sounds preachy .... just trying to help . Happy Trading

 

[escape]

Escape , i knw how it feel whn u saw a trd close in red
Ur S/R system is very good .... u can mix 2 more things with this .... 1) chk the OI from option chain and how it is chnging , 2) observe and try to remember the future order flow around S/R

Am sorry if sounds preachy .... just trying to help . Happy Trading

Thank you for advise. I do keep track of OI.
Didn't know how to achieve point 2.

 

[jassinko]

sorry for interuption....just a basic question..... WHAT is S/R??

 

[escape]

sorry for interuption....just a basic question..... WHAT is S/R??

S/R = Support/Resistance level.