NIFTY Options Trading by RAJ

[healthraj]

Whatever I do, winning daily is important. Rather than how much profit, whether I make profit or loss is important. Because even daily making Rs 1000will give the confidence and boost the positivity within me. This is something I have heard consistently from our Senior Smart_Trade. So trade less quantity and make profit. Once I get the confidence and am ready to take big risk, I want to play with big risk or big quantities. I am telling this because some of the more experienced or risky players might be thinking, what is the point in making some 10 points or 12 points in day?

My only goal nowadays is to protect my Capital and not to make profit. So if the Option market can give me even 5 points I am more than happy.

Even If I take risk, I will take the risk with my profit and not with my capital

 

[gmt900]

Whatever I do, winning daily is important. Rather than how much profit, whether I make profit or loss is important. Because even daily making Rs 1000will give the confidence and boost the positivity within me. This is something I have heard consistently from our Senior Smart_Trade. So trade less quantity and make profit. Once I get the confidence and am ready to take big risk, I want to play with big risk or big quantities. I am telling this because some of the more experienced or risky players might be thinking, what is the point in making some 10 points or 12 points in day?

My only goal nowadays is to protect my Capital and not to make profit. So if the Option market can give me even 5 points I am more than happy.

Even If I take risk, I will take the risk with my profit and not with my capital

Well said. I too am following the same philosophy. I intend increasing the position size as my confidence grows. I have tried various methods but the one being followed by you comes close to my thimking.
Thanks and regards

 

[healthraj]

The pair 5500-6000 is not moving anywhere and it is also risky - if the market moves UP. So I am closing one leg 5500 PE taken at 15.1 at 14.4 and adding the 5700PE at 40.3. so that it would be less risky and total Premium is 126

 

[gmt900]

The pair 5500-6000 is not moving anywhere and it is also risky - if the market moves UP. So I am closing one leg 5500 PE taken at 15.1 at 14.4 and adding the 5700PE at 40.3. so that it would be less risky and total Premium is 126

Do you mean by collecting more premium, BEP will go up by @ 20 points and hence the trade will be less risky over the week end?

 

[healthraj]

Today I Sold NIFTY Futures at 5969 and closed 50% at 5950. Holding the rest with Cost. - 19 points profit made.

Bought 6000 PE at 135 and Closed 50% at 148.7 - Holding the rest 50% at cost- 13 points profit made.

I am still holding the 5500-6000 Pair, Sold @ 108- Will hold it until Monday

Holding naked INFY 2800 PE, bought @ 31 - This I will try and hold till Expiry or Until I got the profit. Small calculated risk.

Closed the Rest of the NIFTY Futures at 5933 and 6000PE at 149.

So now holding only the 5700-6000 Pair sold at 126.

 

[gmt900]

Closed the Rest of the NIFTY Futures at 5933 and 6000PE at 149.

So now holding only the 5700-6000 Pair sold at 126.

And also INFY 2800 P baught @ 31 ?

 

[healthraj]

Do you mean by collecting more premium, BEP will go up by @ 20 points and hence the trade will be less risky over the week end?

Yes my stupid. How many times to change the pair? Learning ....

Closing the pair 5700-6000 since now the 6000 Leg is very risky...

Better to go with our magic number of around 95...

5800 (@ 69.85)-6200(21.8) Pair is available at 92.

I am slightly bearish - which should help our positions.

What a mess - Do not know how to take a pair

Sorry folks for the confusion. I am still learning

 

[healthraj]

Yes my stupid. How many times to change the pair? Learning ....

Closing the pair 5700-6000 since now the 6000 Leg is very risky...

Better to go with our magic number of around 95...

5800 (@ 69.85)-6200(21.8) Pair is available at 92.

I am slightly bearish - which should help our positions.

What a mess - Do not know how to take a pair

Sorry folks for the confusion. I am still learning

Those who want to Sell the Pair 5800-6200, Please wait till 3:15. Do not buy now... Market might move up and we might get it at a better price.

 

[gmt900]

Yes my stupid. How many times to change the pair? Learning ....

Closing the pair 5700-6000 since now the 6000 Leg is very risky...

Better to go with our magic number of around 95...

5800 (@ 69.85)-6200(21.8) Pair is available at 92.

I am slightly bearish - which should help our positions.

What a mess - Do not know how to take a pair

Sorry folks for the confusion. I am still learning

I was stunned, because I thought just like they say my dear ,you called my stupid

 

[gmt900]

Those who want to Sell the Pair 5800-6200, Please wait till 3:15. Do not buy now... Market might move up and we might get it at a better price.

Raj,
For positional trade we should select a pair with MAX OI. That happens to be
6000/5800.
MAX OI is as follows:
6200 C 29.67 L

6000 C 41.67 L

5800 P 41.88 L

Why 6200 / 5800 for positional trade then?

If you are bearish as you said, why go for 6200 C instead of 6000 C ?