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

[amrutham]

Entered into below BN expiry day trade.

BN Spot @ 26370

Buy BN 26400 PE 600 Qty @ 98
Sell BN 26300 PE 1200 Qty @ 56
Buy BN 26200 PE 600 Qty @ 25

Net Debit = 98+25 -112 = 11*600 = 6.6K

Now closed this position

BN Spot @ 26290

BN 26400 PE 600 Qty @ 126
BN 26300 PE 1200 Qty @ 62
BN 26200 PE 600 Qty @ 24

Net credit = 150-124 = 28*600 = 16.8K

Net Profit = around 10K

 

[govindheg]

Now closed this position

BN Spot @ 26290

BN 26400 PE 600 Qty @ 126
BN 26300 PE 1200 Qty @ 62
BN 26200 PE 600 Qty @ 24

Net credit = 150-124 = 28*600 = 16.8K

Net Profit = around 10K

Great view, Amrutham ji.

 

[sreperu]

Great, closed at the right time.

 

[Vipul_84]

Entered into below BN expiry day trade.

BN Spot @ 26370

Buy BN 26400 PE 600 Qty @ 98
Sell BN 26300 PE 1200 Qty @ 56
Buy BN 26200 PE 600 Qty @ 25

Net Debit = 98+25 -112 = 11*600 = 6.6K

It's direction neutral trade?

 

[amrutham]

It's direction neutral trade?

This was taken expecting BN to be in range of 26300 - 26500.

 

[amrutham]

Hi,Good morning everyone.
I am very new to Traderji and need some help on my trade.
I am hoping that Nifty July may show 10800 levels in First week of July.
Is accumulation is good aound 10600 levels with stoploss 10550 OR should buy 10800 calls ?

If you are expecting NF to hit 10800 level in the next week or two, I think Its better to buy futures with strict SL. In case of 10800 calls, even if NF moves in favorable direction, the gain in premiums will be not be comparable to futures.

 

[mycall]

Hi @amrutham... I am quite old member in Traderji... but find much lesser time to read threads... today got some time and going through new posts... your post has encouraged me a lot... this is very inspiring

I am also an option premium eater for last several years... I use spreads in BN weekly options... and my current strategy is working well... I am not a full time trader... currently with minimum capital to get a habit in this... will think of scaling up when this strategy becomes my habit... my monthly ROI is about 2% with yearly target is 20-25%...

I am trading since 2009... started with stocks... got hit during 2009... initial years... then lured into premium eating... used to trade in currency USDINR Fut and Option combined... but during Rajan's time... suddenly currency margin got doubled (with notification) and then got quadrupled (without notification) and broker closed positions... got severely hit

then came back to NF option Iron Condor... worked well for a few months... but after BN got its weekly options shifted to BN...

This is my trading history in short... but I am quite sure and confident that at least with control and discipline it is not much hard to make at least 20% ROI by option premium eating...

Lastly I am also having the desire of becoming full time trader one day... and your thread is the biggest inspiration...

Thank you all.

 

[timepass]

Hi @amrutham... I am quite old member in Traderji... but find much lesser time to read threads... today got some time and going through new posts... your post has encouraged me a lot... this is very inspiring

I am also an option premium eater for last several years... I use spreads in BN weekly options... and my current strategy is working well... I am not a full time trader... currently with minimum capital to get a habit in this... will think of scaling up when this strategy becomes my habit... my monthly ROI is about 2% with yearly target is 20-25%...

I am trading since 2009... started with stocks... got hit during 2009... initial years... then lured into premium eating... used to trade in currency USDINR Fut and Option combined... but during Rajan's time... suddenly currency margin got doubled (with notification) and then got quadrupled (without notification) and broker closed positions... got severely hit

then came back to NF option Iron Condor... worked well for a few months... but after BN got its weekly options shifted to BN...

This is my trading history in short... but I am quite sure and confident that at least with control and discipline it is not much hard to make at least 20% ROI by option premium eating...

Lastly I am also having the desire of becoming full time trader one day... and your thread is the biggest inspiration...

Thank you all.

Good luck

 

[amrutham]

Hi @amrutham... I am quite old member in Traderji... but find much lesser time to read threads... today got some time and going through new posts... your post has encouraged me a lot... this is very inspiring

I am also an option premium eater for last several years... I use spreads in BN weekly options... and my current strategy is working well... I am not a full time trader... currently with minimum capital to get a habit in this... will think of scaling up when this strategy becomes my habit... my monthly ROI is about 2% with yearly target is 20-25%...

I am trading since 2009... started with stocks... got hit during 2009... initial years... then lured into premium eating... used to trade in currency USDINR Fut and Option combined... but during Rajan's time... suddenly currency margin got doubled (with notification) and then got quadrupled (without notification) and broker closed positions... got severely hit

then came back to NF option Iron Condor... worked well for a few months... but after BN got its weekly options shifted to BN...

This is my trading history in short... but I am quite sure and confident that at least with control and discipline it is not much hard to make at least 20% ROI by option premium eating...

Lastly I am also having the desire of becoming full time trader one day... and your thread is the biggest inspiration...

Thank you all.

Great. All the best.

Compared to BN weekly options, NF options are boring. Nowadays I am also doing mostly BN options, except last week of NF expiry.

I think we can target weekly 1% with some safe strategies.

 

[anildnr]

Hi @amrutham... I am quite old member in Traderji... but find much lesser time to read threads... today got some time and going through new posts... your post has encouraged me a lot... this is very inspiring

I am also an option premium eater for last several years... I use spreads in BN weekly options... and my current strategy is working well... I am not a full time trader... currently with minimum capital to get a habit in this... will think of scaling up when this strategy becomes my habit... my monthly ROI is about 2% with yearly target is 20-25%...

I am trading since 2009... started with stocks... got hit during 2009... initial years... then lured into premium eating... used to trade in currency USDINR Fut and Option combined... but during Rajan's time... suddenly currency margin got doubled (with notification) and then got quadrupled (without notification) and broker closed positions... got severely hit

then came back to NF option Iron Condor... worked well for a few months... but after BN got its weekly options shifted to BN...

This is my trading history in short... but I am quite sure and confident that at least with control and discipline it is not much hard to make at least 20% ROI by option premium eating...

Lastly I am also having the desire of becoming full time trader one day... and your thread is the biggest inspiration...

Thank you all.

Good to see ur goal..try to build capital to hit the target with safe strategies..