Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of last session.

Log:
NIFTY 28Feb13 CE 6000.00 (B) 500 @ 18.20

Result:
After deducting all charges: Rs. -7.50
Overnight Position: NIFTY 28Feb13 CE 6000.00 (B)1200 @ 38.35

Learning/Remark:
Still I'm holding good amount of NIFTY CE 6000 at higher price, I may have bigger losses, but will wait for sometime, may be until expiry.

 

[escape]

Here is log as of last session.

Log:
NIFTY 28Feb13 CE 6000.00 (B) 250 @ 22.47 (S) 250 @ 23.42 (P/L) 237.50

Result:
After deducting all charges: Rs. 226.12
Overnight Position: NIFTY 28Feb13 CE 6000.00 (B)1250 @ 40.90

Learning/Remark:
Still I'm holding good amount of NIFTY CE 6000 at higher price, I may have bigger losses, but will wait for sometime, may be until expiry.

 

[escape]

Overnight Position: NIFTY 28Feb13 CE 6000.00 (B)1250 @ 40.90

Exit all positions at average of 26.10, loss of 14.80 points, less brokerages.
Exited bit early (lost patience), I should have given more time.

Finally closed all open position !!!

 

[TraderRavi]

Overnight Position: NIFTY 28Feb13 CE 6000.00 (B)1250 @ 40.90

Exit all positions at average of 26.10, loss of 14.80 points, less brokerages.
Exited bit early (lost patience), I should have given more time.

Finally closed all open position !!!

price 35 now....

 

[escape]

price 35 now....

I'm in big hole too. :annoyed::annoyed::annoyed:

 

[augubhai]

I'm in big hole too. :annoyed::annoyed::annoyed:

Let's have a big party in the big hole. Lot's of friends claiming to be in there

 

[escape]

Let's have a big party in the big hole. Lot's of friends claiming to be in there

Yup, overall I'm having big loss this month too. It would be good way to forget this loss for time being and get relaxed.

Are you joining us?

 

[augubhai]

Yup, overall I'm having big loss this month too. It would be good way to forget this loss for time being and get relaxed.

Are you joining us?

I am teetering on the edge of the big hole. Let me jump in :lol:

 

[TraderRavi]

lets party in that big hole.........:thumb::clap::lol::clapping:

 

[Jeareh]

Its nice to see all in the same boat. For this reason we should not revise the exit strategy in the trade plan. Patience is important.

After a signal, a trade is entered. Next thing is to start watching candle formation and indicators after the signal. I never chase price and calculate profit when in trade. The chart will tell you to exit from the position when it reaches new HH or new LL, when we watch the chart patiently.

Happy Option Trading