Escape's Trading Diary - Options

[escape]

SL trailed to 106.50, CMP around 111.50

SL trailed to 108.50, CMP now 114

 

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SL trailed to 108.50, CMP now 114

SL Exit @109, No points gain/loss, lost brokerages.

Mistake:
I failed to trail SL to higher side as price went up. Need to take care of it.

 

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Bought NIFTY 30Aug2012 PE 5600 @ 111.00, SL @ 107.50, CMP 112.15.

I'll be trailing SL fast and close, at least to recover some losses.

 

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Bought NIFTY 30Aug2012 PE 5600 @ 111.00, SL @ 107.50, CMP 112.15.

I'll be trailing SL fast and close, at least to recover some losses.

SL Trigger at 112.25. Profit 1.25 less brokerage.

 

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I need to work on exit rule, seems only SL trigger based is causing lots points losses (have to keep some targets and as soon as it reaches there, simply exit). I will work out for some alternative and see how it works in next trading session.

Overall lost around Rs 500 and brokerage (~Rs 450).

 

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Log:
Everyday is new learning. I tried giving little more space for SL and that didn't worked in my favour. Needs to work on it. Overall lost around Rs 950.

NIFTY OPT 30AUG 12 CE @ 5300 (B)50 @127.51 (S)50 @129.2 +84.50
NIFTY OPT 30AUG 12 CE @ 5400 (B)150 @66.82 (S)150 @61.12 -855.00
NIFTY OPT 30AUG 12 PE @ 5500 (B)100 @111.2 (S)100 @110.25 -95.00


Result:
After deducting all charges: Rs -946.50

Capital Status:
Exact Initial Capital: Rs. 15746
Current Ledger balance Rs. 12944 (-2802)

Learning:
Avoid boat going in wrong direction.

 

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Bought NIFTY 30Aug2012 CE 5300 @ 125.25, SL @ 122.60, CMP 125.10.

 

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Bought NIFTY 30Aug2012 CE 5300 @ 125.25, SL @ 122.60, CMP 125.10.

SL hit exit at 122.85, loss of 2.4 points + brokerages.

 

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Bought NIFTY 30Aug2012 PE 5500 @ 118.70, SL @ 115.30, CMP 119.50

 

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Bought NIFTY 30Aug2012 PE 5500 @ 118.70, SL @ 115.30, CMP 119.50

SL hit @ 118.70, No profit/Loss, less brokerages.