NIFTY Options Trading by RAJ

[healthraj]

This morning bought 7700CE @ 42.75 and Closed the Calls at 63.75 with 21 points.

Bought 7600PE @ 45

 

[healthraj]

This Rally was more or less led by BANKNIFTY. So for a Change I am selling the BANKNIFTY OI Pair 15000-15500 at 300.

 

[healthraj]

This morning bought 7700CE @ 42.75 and Closed the Calls at 63.75 with 21 points.

Bought 7600PE @ 45

Closed 7600PE @ 51. So totally made 21+6 = 27 points

 

[healthraj]

In Jul-14 Month So far,

18 Trades - 14 with profit and 4 with Loss.
Average points in Profit - 28
Average points in Loss - 17.
Total points made - 339 points
Success Ratio - 77%.

 

[timepass]

In Jul-14 Month So far,

18 Trades - 14 with profit and 4 with Loss.
Average points in Profit - 28
Average points in Loss - 17.
Total points made - 339 points
Success Ratio - 77%.

Very good performance :thumb: This is from 14 sessions in July ? I bet you must be among the top 5% performers in day traders. Keep it up.

 

[anilnegi]

Very good performance :thumb: This is from 14 sessions in July ? I bet you must be among the top 5% performers in day traders. Keep it up.

TP

who are the rest 4 people

anil

 

[timepass]

TP

who are the rest 4 people

anil

Perhaps some other TJ members like ST, Linkon7 etc

 

[manojborle]

TP

who are the rest 4 people

anil

It should be rather 4% than people I guess :rofl:

 

[anilnegi]

In Jul-14 Month So far,

18 Trades - 14 with profit and 4 with Loss.
Average points in Profit - 28
Average points in Loss - 17.
Total points made - 339 points
Success Ratio - 77%.

To attaining the above success ratio you must have gone thru lot of pain and learning process, that only known to you, you have confirm my view that a day trader can also survive in the market however, it needs lot of hardwork, patience and skills which mature over a period of time,
thanks for sharing some of your study with us time to time.

anil negi

 

[healthraj]

To attaining the above success ratio you must have gone thru lot of pain and learning process, that only known to you, you have confirm my view that a day trader can also survive in the market however, it needs lot of hardwork, patience and skills which mature over a period of time,
thanks for sharing some of your study with us time to time.

anil negi

Yes it is 5 years of perseverance and the urge to make it happen. I cannot fail. Even I fail at some point it has to work. May it is a matter of time. For some it works in one year. For some like me it takes 5 years. For others it might take more than 5 years.

My simple ten rules that I follow now...

1. My first rule is to Keep the system Simple and Sweet. I do not keep changing my system and / Or Rules - In the last 5 years I was keep on improving my system and did not spend enough time on the trading.
2. I have fixed my Trading quantities constant for the last 3 months. That way my Risk and Money management is simple and so that I can always recover my Losses. Since I mostly trade with Selling Options, I am kind of forced not to take too many positions. Before I used to multiply and invest also the profit.
3. I have fixed a Timeframe for charts and do not keep changing the timeframe. I use hourly charts to Take Major entry and exit. I also use the Lower timeframe rarely when I am taking Naked options. I also should not lose the BIG Picture and so I also see the Daily, Weekly and Monthly Charts to build perceptions.
4. I do not use fancy indicators and Tools. I just use my Excel based tool which gets data from Google, NSEIndia and my OAT tool for the Options Chain. I just use the Trend line and calculate the Resistance line and Support line. I also have a Major Trend Line and Minor Trend line. Major Trend line is for the overall support and Resistance. Minor Trend is to identify any Breakout or Breakdown.
5. I mostly trade with one or two instruments. I mostly trade with NIFTY.
6. I also use Options Chain data to get a view on the market direction before making an Entry. For Trading with Options, Options Chain is an important data.
7. I set a simple Goal per month as max 20% of the capital. So my daily target becomes 1% and my weekly target becomes 5%.
8. I fix my stoploss before i enter the trade and get out when I am not sure about the direction or when my stoploss is hit. For Options I normally have 20 points as the stoploss
9. I should also have a BIAS in my trade. I cannot make money with a Neutral bias. But I do not follow others like TV Pandits or a Stock Guru and decide my direction. I make my own decision using the system I have.
10. Finally No system can work 100%. So when my system does not work, I do not try to find fault with my system. I also don't try develop/ tune my system to make it work 100%. There is no such system which works 100%.

I always wanted to keep the trading simple. Hope I can make it simpler.