SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

re-entered shorts at 4635

Cheers
SH

Nifty has falled to a new days low of 4563. This is around 320 points profit from the original short point along with 2 3 EMA exits and re-entries which have generated another 120 odd points profit ... in total around 440 points profit in this short .....

I have booked profits in futures and have bought 4500 puts for 55 points (2x quantity of futures to get the same profit as futures). Will hold the puts now until i get a reversal signal on 315

Even if markets reverse from here ... i will lose only 55 points

Cheers
SH

 

[jallanankit]

Nifty has falled to a new days low of 4563. This is around 320 points profit from the original short point along with 2 3 EMA exits and re-entries which have generated another 120 odd points profit ... in total around 440 points profit in this short .....

I have booked profits in futures and have bought 4500 puts for 55 points (2x quantity of futures to get the same profit as futures). Will hold the puts now until i get a reversal signal on 315

Even if markets reverse from here ... i will lose only 55 points

Cheers
SH

This is wat is expected from u..!! Great thought process..!!

BUt i want to make a point here.. In case the trend reverses, u happen to loose 110 points as u r into 2x qty..!!


Pls correct me if i m wrong..!!

 

[Tradewithhunter]

This is wat is expected from u..!! Great thought process..!!

BUt i want to make a point here.. In case the trend reverses, u happen to loose 110 points as u r into 2x qty..!!


Pls correct me if i m wrong..!!

Yes I meant 55 points per lot ....if the reversal happens quickly i will not lose entire premium however if the reversal happens closer to expiry then i will end up losing entire premium.

worst case 55 point per lot loss (multiplied by 2x quantity so yes 110 points at stake out of 440 points profit made)

Cheers
SH

Cheers
SH

 

[rishete]

Nifty has falled to a new days low of 4563. This is around 320 points profit from the original short point along with 2 3 EMA exits and re-entries which have generated another 120 odd points profit ... in total around 440 points profit in this short .....

I have booked profits in futures and have bought 4500 puts for 55 points (2x quantity of futures to get the same profit as futures). Will hold the puts now until i get a reversal signal on 315

Even if markets reverse from here ... i will lose only 55 points

Cheers
SH

Have cover all shorts? which you have entered at 4635? Is it due to lower low happened or got enough profit?

 

[Tradewithhunter]

Have cover all shorts? which you have entered at 4635? Is it due to lower low happened or got enough profit?

Just being a bit conservative and locking in profits in case the markets reverse while ensuring I earn the same amount if markets falls further (cost of this security is 110 points)....

Cheers
SH

 

[trade4joisar]

Just being a bit conservative and locking in profits in case the markets reverse while ensuring I earn the same amount if markets falls further (cost of this security is 110 points)....

Cheers
SH

Hello SH,

Last time (5440 - 4750) you hold NF till you got around 700 points, because it was 4th whipsaw & this is 2nd whipsaw?

 

[trade4joisar]

Just being a bit conservative and locking in profits in case the markets reverse while ensuring I earn the same amount if markets falls further (cost of this security is 110 points)....

Cheers
SH

Hello SH,

Last time (5440 - 4750) you hold NF till you got around 700 points, because it was 4th whipsaw & this is 2nd whipsaw?

Looking @ world market, have you also developed 6th sense :lol:
OR booked because candle touched SMA17 envelope bottom

Anyway this is great way of booking maximum profit booking :thumb:

 

[Tradewithhunter]

touching the greater fool zone is more the reason than any 6th sense ...:lol:

 

[achopraa]

touching the greater fool zone is more the reason than any 6th sense ...:lol:

And I think it paid for opting out of the Great Fool's Zone

 

[lvgandhi]

touching the greater fool zone is more the reason than any 6th sense ...:lol:

Dear SH,
on 17/11/11, NF closed below lower band and continued its downward move upto 23/11/11. In that case how did you exit and re-enter?