Escape's Trading Diary - Options

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Bought NIFTY 30Aug2012 PE 5400 @ 95.85, SL @ 92.15, CMP 96.75

 

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Bought NIFTY 30Aug2012 PE 5400 @ 95.85, SL @ 92.15, CMP 96.75

SL @ 94.75 now.

 

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SL @ 94.75 now.

SL @ 96.45 now, CMP 101

 

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SL @ 96.45 now, CMP 101

SL now 99.45, CMP 102.10

 

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SL now 99.45, CMP 102.10

TSL Hit @ 99.45, Profit of 3.6 points - Brokerages

 

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Loss reduced to Rs 300 + brokerages.

Overall around Rs 500 loss + brokerages (~750)

 

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Bought NIFTY 30Aug2012 CE 5300 @ 101.40, Exit @102.25, Profit 0.85 - Brokerage (roughly 2 points)

 

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Log:
Yesterday was difficult day for trading, I was struggling for right exit.

NIFTY OPT 30AUG 12 CE @ 5300 (B)250 @105.45 (S)200 @103.26 -547.50
NIFTY OPT 30AUG 12 PE @ 5400 (B)300 @94.84 (S)200 @92.97 561.00

Result:
After deducting all charges: Rs -1264

Capital Status:
Exact Initial Capital: Rs. 15746 (in first post I wrote Rs 15000, exact amount is Rs. 15746)
Current Ledger balance Rs. 14470

Learning:
Still struggling to find out Stop Loss method. Most of entries were correct, but exit didn't worked out in my favour.

 

[del_66]

Log:
Yesterday was difficult day for trading, I was struggling for right exit.

NIFTY OPT 30AUG 12 CE @ 5300 (B)250 @105.45 (S)200 @103.26 -547.50
NIFTY OPT 30AUG 12 PE @ 5400 (B)300 @94.84 (S)200 @92.97 561.00

Result:
After deducting all charges: Rs -1264

Capital Status:
Exact Initial Capital: Rs. 15746 (in first post I wrote Rs 15000, exact amount is Rs. 15746)
Current Ledger balance Rs. 14470

Learning:
Still struggling to find out Stop Loss method. Most of entries were correct, but exit didn't worked out in my favour.

Tu lambi race ka ghoda hai mere bhai, bus over trading math kar.. protect your profits.

 

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Tu lambi race ka ghoda hai mere bhai, bus over trading math kar.. protect your profits.

Thank you bhai for motivating me. I will definitely try not to over trade and protect profit. In fact, currently I'm trading just one lot at a time.