Escape's Trading Diary - Options

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Bought NIFTY 30Aug2012 PE 5400 @ 98.30, SL @ 93.35, CMP 98

SL now 94.05, CMP 95.60

 

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SL now 94.05, CMP 95.60

SL Hit @94.00, Loss of 4.30 points, plus brokerage.

 

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Bought NIFTY 30Aug2012 PE 5400 @ 98.00, SL @ 91.00, CMP 96.35. This time giving higher SL. I'm hoping it will break 100, and can go upto 105. So risk:reward is 1:1. Although I'll be exiting by SL hit either-side.

 

[escape]

Bought NIFTY 30Aug2012 PE 5400 @ 98.00, SL @ 91.00, CMP 96.35. This time giving higher SL. I'm hoping it will break 100, and can go upto 105. So risk:reward is 1:1. Although I'll be exiting by SL hit either-side.

I hope in another 15 min, it should cross Rs 100 or may hit my lower stop loss of Rs 91. Let's hope it crosses upside for me.

 

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I hope in another 15 min, it should cross Rs 100 or may hit my lower stop loss of Rs 91. Let's hope it crosses upside for me.

CMP just touched Rs 100. Changing SL now to 95.05, CMP Rs. 100.75

 

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CMP just touched Rs 100. Changing SL now to 95.05, CMP Rs. 100.75

SL now 97.65, CMP 101.15

 

[manojborle]

I am keeping SL @ 5360

Squared off @5340

 

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SL now 97.65, CMP 101.15

SL hit @ 95.20, that was sharp down. Loss of 2.80 points + brokerages.
Once again, ending day with losses, anyway assuming this as learning expense in real market.

 

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Log:
Overall it was ok day to trade, lost around Rs 350, still better than earlier.

NIFTY OPT 30AUG 12 CE @ 5300 (B)150 @88.20 (S)150 @90.52 -348
NIFTY OPT 30AUG 12 PE @ 5400 (B)150 @102.00 (S)150 @97.87 619.50

Result:
After deducting all charges: Rs -355

Capital Status:
Exact Initial Capital: Rs. 15746
Current Ledger balance Rs. 14116 (-1630)

Learning:
Able to minimize loss. I will continue same method for few more days. Let's hope on Monday it be good trading session for all.

One Monday, I'll trade only after 11 AM or later.

 

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Bought NIFTY 30Aug2012 PE 5400 @ 92.50, SL @ 90.60, CMP 94.
Instead of looking for momentum, I felt there is strong support @92.50.