Trading for Living -- Successfully Completed one year as Full Time Trader

amrutham

Well-Known Member
Hi
Today I traded a BN BF as under
Buy 26300 PE
Sell 26500 PE 2 lots
Buy 26700 PE
Net debit 27 pips

For the first time ran this position till end (MIS cut off time)
For most of the day the net result was around Rs 400 but in the end Net result was no gain/loss.

Seek suggestions as to what I could have done in today’s movement?
None of my buy legs were in profit any time and adding to sold leg was not possible owing to margin shortage.

A naked long call was at 2 pm was a possibility but didn’t dare as I didn’t think of a proper hedge.
Has anyone here did anything outstanding today? I am happy that I didn’t get stuck in a losing trade.
Have a nice weekend everyone!
Regards
Govind
Generally butterflys do not move much on Fridays. The same position would have given you good profit if it is in any of last three days of expiry.
 
Generally butterflys do not move much on Fridays. The same position would have given you good profit if it is in any of last three days of expiry.
Thanks. Will remember and try. Had initiated 26500 CE / 26700 CE credit spread overnight but seeing BN sliding in the morning, exited with a small profit. Should have continued I suppose
 
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