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[jamit_05]

Present sir!!!

At the breakout I have bought 1lot of NIFTY at 5150. Nifty crashed. Exited @ 5132

But sirji... did you take the Break OUt Failure !! Look at the jumbo move... Friday ki jai ho...

 

[soft_trader]

Since we won't get the joy of being the ITM, our profits will be less than 15% for sure....

how much you are expecting from this pair? 130?

 

[jamit_05]

how much you are expecting from this pair? 130?

No idea... lets see... if 5000 meets today... then it will be a very different story my friend.

Exit Strategy if 5000 reaches.

By that time the CE will be below Rs.10;

Take profit of PE and leave CE untouched... some pullback is inevitable. Wait for it...

This is routine is not be regularly followed. Just this time since the final cost of the CE leg will be just about as much as the profit... so the max we are risking is the profit... not the capital.

 

[soft_trader]

Cost went up. Almost to 122. Now came down to 120

 

[soft_trader]

No idea... lets see... if 5000 meets today... then it will be a very different story my friend.

Exit Strategy if 5000 reaches.

By that time the CE will be below Rs.10;

Take profit of PE and leave CE untouched... some pullback is inevitable. Wait for it...

I don't think 5000 will be reached today. It it reaches 5000 then great. But what if 5000 is not reached?

Are u planning to carry forward this pair to Monday if we don't get enough profit today? or you will sq. off with whatever the profit you get.

 

[jamit_05]

Low sensitivity.

Cost went up. Almost to 122. Now came down to 120

Pair trading has low sensitivity. That is also an advantage. It is more like a buy and hold strategy. It does not work best within one day. That is why we do not prefer 150 OTMs, but sometimes we have no choice.

But when NS is near 5000, profits will be nice... 10% minimum.

 

[jamit_05]

I don't think 5000 will be reached today. It it reaches 5000 then great. But what if 5000 is not reached?

Are u planning to carry forward this pair to Monday if we don't get enough profit today? or you will sq. off with whatever the profit you get.

Not interested in holding over the weekend. But lets see... will cross that bridge when it comes.

 

[jamit_05]

Nifty was wrongly bullish. Fundamentals do not support. Same story with the US markets. So if the entire correction wants to come in today... I will not be surprised nor will I be sad...

 

[soft_trader]

I will not be surprised nor will I be sad...

Coz, you are in a neutral strategy.:rofl:

 

[jamit_05]

No much for the bridges......