My Daily Options Trading Diary

[findvikas]

nse-india.com

I was basically looking for some data which I can use for my analysis instead of going back and forth and do multiple queries... anyways being a software engineer by profession I would work on a options data extractor ... I am relatively new to options trading... so if experts can help me what data that they might be interested in??? and if they can tell me how/where they are getting this data from as of now for their analysis... we might make our life simpler

 

[findvikas]

hi findvikas i have learn a lot from ur post i want to ask(guidance) from u that i m using 15 min chart with 50ema & macd (12 26 e 9) i m taking entry when price cross 50ema + macd line cross 0 line can u help me a better set up

Buddy I am very new to trading and in past 3years I have been paying just my tuition fees to learn trading... and now it started to pay off. As one of my friend told me... "keep is simple stupid" do not look for tooo much indicators as if your system if too complex then there are high chances that you yourself might not understand it - someone said on this forum

So to answer your question..
I use 3,13,39 EMA along with MACD crossover for positional trades..

Intraday...
I look for 5min charts. Before I enter a script I look for support/resistance from trendlines and buy near support, and exit near resistance.... make sure you book your losses if the trend goes or is support is broken...

better trade on paper for a month or so... then test your trades according to your system, once you are comfortable... then trade with small money

 

[AW10]

I did, it was SAIL one BIG loser, "at that time"... and a stupid mistake... of booking it 2 days before

I had SAIL 170CA @ Rs. 7.. my target was 11 as was expecting to cross SAIL above 175.. it started to decline and decline and looking at the days remaining I decided to book my losses. and look at it today... 11.25... right on my target

The loss of 33000 could have been a profit of 34425 if I holded it till today... what a loser

It was showing as 23000 instead of 33000 as I adjusted the loss with other profit from the day.

Vikas, May I ask, what held u back from buying the SAIL option again after stop was hit ?

It is dangerous to think that market will turn your losses into profit everytime.
That is why you will find traders talk about having a strategy to cut losses and at the same
time, not to think about that stopped trade. but focus on re-entry if all other signals still give u the entry in the direction of original trade.

Happy Trading

 

[MurAtt]

Exactly, I have seen SAR performed by seasoned traders and that too not in 10-15 shares or 100 shares but in 5-10 lots of Nifty futures and stock futures.

Also SAR with double qty, pre-ordered!!!!!

eg. Buy 2lots NF 5000 SL 4985. Corresponding order for Sell 4 lots NF 4985 SL order placed!!!!!

 

[lazytrader]

Exactly, I have seen SAR performed by seasoned traders and that too not in 10-15 shares or 100 shares but in 5-10 lots of Nifty futures and stock futures.

Also SAR with double qty, pre-ordered!!!!!

eg. Buy 2lots NF 5000 SL 4985. Corresponding order for Sell 4 lots NF 4985 SL order placed!!!!!

Id Mubarak SMbhai!

I think the SAR order should be buy 2 lots 5000 and Sell 4 4985.

SAR is a risky concept except when scalping because you are bullish so you buy, but it doesn't move up and if it comes down for support and order is triggered then you are short in a bullish market.

 

[findvikas]

Id Mubarak SMbhai!

oh.. yeah Id Mubarak...

 

[lazytrader]

Vikas, May I ask, what held u back from buying the SAIL option again after stop was hit ?

I would agree with that too..

It's better to place a tight SL like 5k and have it triggered and enter again instead of putting a SL at 10k. The farther away it moves from your entry (where the scrip is supposed to be bullish) the less likely it is to reverse. Of course it depends on proper placement of stops. (ie, placing stop higher than support levels to make it tighter is wrong, MM wise the position size should be calculated with a 10k risk in mind cause if you half your risk to place tighter stop then if you double your position size then the risk amount will be 10k again besides entering again would mean extra risk)

 

[lazytrader]

I was basically looking for some data which I can use for my analysis instead of going back and forth and do multiple queries... anyways being a software engineer by profession I would work on a options data extractor ... I am relatively new to options trading... so if experts can help me what data that they might be interested in??? and if they can tell me how/where they are getting this data from as of now for their analysis... we might make our life simpler

What kind of data do you want?

You could download FnO bhavcopy from http://www.nseindia.com/content/fo/fobhav.htm, but it is large in size so if you download historical data often it is going to eat into your bandwidth.

 

[Flock]

LT,

I am looking for intraday data like this. I saved this from PIB on 17th for the 5000 strike price. What I need is data like this for the last two months. Searched high and low but no luck. Everything else is available but no options data.

Symbol,Date,Time,Open,High,Low,Close,Volume
NIFTY.PE,17/09/2009,09:56:00,64,65,60,63,95800
NIFTY.PE,17/09/2009,09:57:00,63.25,66.55,62.85,65.7,76450
NIFTY.PE,17/09/2009,09:58:00,65,65,61.9,62.3,93300
NIFTY.PE,17/09/2009,09:59:00,63,64.5,62.8,63.1,58000
NIFTY.PE,17/09/2009,10:00:00,63.05,63.75,62.5,62.5,89250
NIFTY.PE,17/09/2009,10:01:00,62.2,63.25,61.6,63.25,136400
NIFTY.PE,17/09/2009,10:02:00,63.5,64.9,63.5,64.1,79000
NIFTY.PE,17/09/2009,10:03:00,64.6,64.6,62,62,88500
NIFTY.PE,17/09/2009,10:04:00,62,62.4,61.55,61.9,47800
NIFTY.PE,17/09/2009,10:05:00,61.8,61.8,59,59.5,108950
NIFTY.PE,17/09/2009,10:06:00,60,61,59.85,61,122700
NIFTY.PE,17/09/2009,10:07:00,60.8,61.7,60.4,61.7,122200
NIFTY.PE,17/09/2009,10:08:00,61.85,62.5,61.7,62.4,78750
NIFTY.PE,17/09/2009,10:09:00,62.8,64,62.5,64,68800

 

[findvikas]

This is what I downloaded... and packed in a package of 140mb (uncompressed size of 1.5gb)

http://www.traderji.com/futures/33355-derivatives-bhavcopy-since-1st-january-2001-a.html

all the derivatives data since 1 jan 2001 till last friday (18)