Trading diary : Trying to become crorepati.

[Dev Mookerji]

Bought NTPC 180 Call @ 15

It went upto 27 today but it seems that this breakout failed.

Exited @ 17.

 

[Dev Mookerji]

Mosearbaer qty 200 bought @ an average of 49.
Gu Alkalies qty 200 bought @ an average of 61.

Allahabad bank qty 250 bought @ 40.25

Bought Indiabulls in Cash 200 qty @ 97.25

CURRENT PRICES

Moser baer – 62.40
Gu Alkalies – 76
All Bank – 54
Indiabulls – 122

Derivatives :

Net Profit = 8285/-

Currrent derivatives Margin = 15000 + 8285 = 158285

Bought today Suzlon 60 Put @ 4/-

Profit booking is a must. At present market conditions........

Booked @ 6.50

Total profit in Suzlon Put 6000X2.50 = 15000

Bought NTPC 180 Call @ 15

It went upto 27 today but it seems that this breakout failed.

Exited @ 17.

Profit on Ntpc call 1625X2 = 3250

Bought Mc Dowell 1 lot @ 755.

Position open. Current price = 730
Loss on Mcdowell – 250X25 = 6250

Currrent derivatives Margin = 158285 + 15000+ 3250-6250 = 170285/-

 

[Dev Mookerji]

Currently I am not trading commodities, because of personal reason, so transferring 1 lakh from commodities account to derivatives account. 50 thousands is more than enough for commodities trading as 4 times exposure is available with my account. When in need I can trade upon.

So in derivatives account total investment is 2.5 lakhs. It will help me to take multiple positions in futures.

 

[Dev Mookerji]

Shall book some profit in equities, if nifty slides...and....

exiting Mc dowell go short on Hindalco, telco or in nifty otherwise no trade..

Positions shall remain intact.

 

[Dev Mookerji]

Shall book some profit in equities, if nifty slides...and....

exiting Mc dowell go short on Hindalco...

Exited all long positions and short in Hindalco, 1 lot.

 

[Dev Mookerji]

Exited all long positions and short in Hindalco, 1 lot.

Shall cover around 50 level, if sustains that level. Break of 49, shall add another lot short.

 

[Arun_sanjay]

Hi Friends,
Always i follow the Warren Buffet principle - Buy at Low, Sale at High

But most of the people not follow the principle - They simply do the opposite things i.e. Buy at High, Sale at Low. this is wrong.

keep touch with me,
Arun

 

[Dev Mookerji]

Exited all long positions

Exited equities, because, some of my favourite stoks, I would like to buy now.

Actually, when I started this thread, I had no idea whether Nifty will break the stiff resistence of 3200 level, as for the last five months nifty was playing within the range of 2500 - 3200.

Thats the reason, I play with swing signals. for gain of 10 to 20 percent. However it gives me morea than that approx 40%.

But the day I started my trades in this thread, stocks like Reliance have already rallied from their recent low, and upto 50%, and were highly overbought. Thats the reason, I ignored some of my fav stocks in equities.

 

[Dev Mookerji]

One blunder mistake I did, allotting only 1 Lakhs initially for derivatives. Actually till Feb 09, the lot sizes in futures were very less and till mid march 1 lakh was sufficient to trade future scrips.

But due to recent rally, and increased lot size I failed to took positions in Essar oil, suzlon & Unitech. Even if I could have taken, position, even a little move against my position should have lead to square off my positions, due to lack of margin.

Now when I have increased the margin, I shall be able to play multiple favourite scrips in futures, instead of options.

 

[Dev Mookerji]

I have always been a trend follwer in the past. But for the last four fonths there was no trend and whatever I was gained in the down trend, lost around 35% of that gain, in the last three months. I was loosing my confidence, and instead of playing trend adopted other methods, which otherwise always I laughed at. One reason I bought Nifty puts is among that......

If I were a full time trader that could have been avoided, but for positional traders, last three months were tough, what I believe. I am not talking about the positional but full time traders.