Regular Income From Markets. Risk Free. Takes no Time

[jamit_05]

Since the expiry is a month away is it not good to hold the pair as this is a news based brackout? I may be wrong but just curious to know

Yes, it is a good suggestion.. will decide 10 mins before closing...

 

[vssoma]

jamit,
as per rule...after a big move it is better to take a short position, and now it is weekend also. so what is your view on short position

 

[jamit_05]

jamit,
as per rule...after a big move it is better to take a short position, and now it is weekend also. so what is your view on short position

well... in futures, I take positions only intraday.... that too after a trigger...


For pair trading... the Cost is 116 already... our base for Monday... so it seems holding may not be too damaging... instead one may get a chance to get out breakeven...

 

[jamit_05]

Sold the pair... bailed out with the minimum loss... recovered... 53.45+65.45 = 118.90;
Bought at 121... that is a loss of Rs.2 and expense... not enthralling... but safe...


PS: Kept 20% of the PEs in hand... in case of some downward drift on Monday...

 

[pakatil]

Exit....116. 4 Rs loss.

 

[soft_trader]

Re: Performance Report

jamit,

can you please post the current performance of your strategy?

 

[jamit_05]

Performance Report

jamit,

can you please post the current performance of your strategy?

Sure... no problem... i was planning on posting it at the end of the July Series... hope it helps.

 

[reachjj]

Re: Performance Report

Sure... no problem...

Can you please explain, how do you identify the base price and when do you take the positions...... I am little confused on those part...

 

[jamit_05]

One thing is very clear about this method.... that loss can almost always be avoided for two reasons:

1) We buy only if price is reasonable.
2) Then, even if there is a DD, in the next 100 point move, which always comes once in 5 days... covers most of the loss...

 

[soft_trader]

But how do you know that the price of the pair is reasonable?