Escape's Trading Diary - Options

[escape]

Bought NIFTY 30Aug2012 CE 5300 @107.90, SL @104.75

 

[escape]

Bought NIFTY 30Aug2012 CE 5300 @107.90, SL @104.75

Trailing Stop Loss Hit, Loss of Rs 157.50

 

[escape]

Placed order for NIFTY 30Aug2012 CE 5300 at above 109.25, CMP 109.00

 

[escape]

Placed order for NIFTY 30Aug2012 CE 5300 at above 109.25, CMP 109.00

Order executed, SL @ 105.50

 

[escape]

Order executed, SL @ 105.50

Trailing Stop Loss @ Rs 108.25

 

[escape]

Trailing Stop Loss @ Rs 108.25

Trailing Stop Loss @ Rs 109.25

 

[escape]

Trailing Stop Loss @ Rs 109.25

Stop Loss Hit @ buy rate 109.25, P/L: Rs. 0, brokerage loss.

 

[del_66]

Trading options with 3-4 point stop loss will screwup your ledger big time buddy!

 

[del_66]

You pay brokerage of 75 per lot!
Look around in brokers section of TJ.... there are brokers providing 20rs per order.

 

[escape]

Trading options with 3-4 point stop loss will screwup your ledger big time buddy!

Thank you Del_66 for your suggestion. Based on my method, and as I don't have set targets, my stop loss is close to CMP. Let's see how it moves, else will make it more relaxed in future.