Escape's Options Trading Diary - Phase 2

[escape]

Bought 2 lots of Nifty 28Feb2013 CE 6000 @ 66.45, SL 64.75, CMP 66.75

Exit @ 67.45, profit of 1.00 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 28Feb2013 CE 6000 @ 66.10, SL 64.15, CMP 66.80

 

[escape]

Bought 2 lots of Nifty 28Feb2013 CE 6000 @ 66.10, SL 64.15, CMP 66.80

SL hit @ 64.15, loss of 1.95 points, less brokerages.

 

[escape]

Bought 2 lots of Nifty 28Feb2013 CE 6000 @ 64.24, SL 61.60, CMP 65.30

 

[escape]

Bought 2 lots of Nifty 28Feb2013 CE 6000 @ 64.25, SL 61.60, CMP 65.30

Exit @ 66.20, profit of 1.95 points, less brokerages.

 

[escape]

Here is log as of last session.

Log:
NIFTY 28Feb13 PE 6000.00 (B-Overnight) 300 @ 70.75 (S) 300 @ 89.32 (P/L) 5571.00
NIFTY 28Feb13 PE 6000.00 (B) 200 @ 86.53 (S) 200 @ 89.32 (P/L) 558.00
NIFTY 28Feb13 CE 6000.00 (B) 700 @ 67.49 (S) 700 @ 68.55 (P/L) 742.00

Result:
After deducting all charges: Rs. 6725.00

Learning/Remark:
Finally after five negative results, I got positive result.
I'm able to recover some part of last week's loss.

Yesterday, I didn't kept big expectation, I exited mostly with 1 or 2 points profit. If required, re-entered at higher price again.

My new SL strategy seems to be working OK, instead of previously keeping SL at 10% below buy price, I'm keeping it much close. I'm happy if it hits and exit with small loss.

On a side note, I was seriously thinking of keeping NIFTY 28Feb13 CE 6000 for overnight position, but didn't able to get it at my price of 63.50 at the last moment.

 

[escape]

Bought 10 lots of Nifty 28Feb2013 CE 6000 @ 67.25, SL 65.00, CMP 67.25

 

[escape]

Bought 10 lots of Nifty 28Feb2013 CE 6000 @ 67.25, SL 65.00, CMP 67.25

5 lots exited at 68.75.
Holding another 5 lots, SL @ 68.25, CMP 69.20

 

[escape]

5 lots exited at 68.75.
Holding another 5 lots, SL @ 68.25, CMP 69.20

SL hit @ 68.25.
Exited all @ Avg. of 68.50, profit of 1.25 points, less brokerages.

 

[escape]

Bought 4 lots of Nifty 28Feb2013 PE 6000 @ 85.50, SL 82.60, CMP 84.80