Trading Plans.....Open to All

[mrktmstr]

Sir, The best solution is not to carry trades over night. The second option is to trade options for carry over trades. So even if something goes wrong your losses are limited to the premiums paid. In futures however, the losses can be huge till margin calls get triggered.

Just one question... When you were looking at 500 point loss, why did you hold it? Thankfully it recovered and you minimized your losses. What would you have done if market fell 1000 points? I'm just trying to understand your trading psychology. I am new in the market so asking.

Thanks for valuable feedback.will certainly consider the suggestion of carrying Options instead of futures to reduce risk....
For an unexpected 500 point fall i just hedged the position to freeze the loss evenif market goes down.....But luckily market recovered and my original positions were out of loss while hedged positions was in loss which is the Net Loss suffered.

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Partial Profit Booked @ 19436...Net Gain of +567 Points Per Lot
Trade Plans for 17th Nov 2016:thumb:
NiftyFuture:Fresh Buying above 8211,SL @ 8062...Partial profit Booking @ 8412
BankNiftyFuture:Fresh Buying above 19411,SL @ 18975...Partial profit Booking @ 20012

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Partial Profits Booked @ 19436...Net Gain of +567 Points Per Lot
Trade Plans for 18th Nov 2016:thumb:
NiftyFuture:Fresh Buying above 8177,SL @ 8034...Partial profit Booking @ 8372
BankNiftyFuture:Fresh Buying above 19402,SL @ 18978...Partial profit Booking @ 19984

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Partial Profits Booked @ 19436...Net Gain of +567 Points Per Lot
Trade Plans for 21st Nov 2016:thumb:
NiftyFuture:Fresh Buying above 8161,SL @ 8022...Partial profit Booking @ 8350
BankNiftyFuture:Fresh Buying above 19247,SL @ 18836...Partial profit Booking @ 19814

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Trailing Stoploss @ 18743..Partial Profits Booked @ 19436...
Trade Plans for 22nd Nov 2016:thumb:
NiftyFuture:Fresh Buying above 8028,SL @ 7884...Partial profit Booking @ 8224
BankNiftyFuture:Fresh Buying above 18743,SL @ 18303...Partial profit Booking @ 19348

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Trailing Stoploss @ 18743..Partial Profits Booked @ 19436...
Trade Plans for 23rd Nov 2016
NiftyFuture:Fresh Buying above 8028,SL @ 7918...Partial profit Booking @ 8224
BankNiftyFuture:Fresh Buying above 18743,SL @ 18306...Partial profit Booking @ 19348

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Trailing Stoploss @ 18743..Partial Profits Booked @ 19436...
Trade Plans for 23rd Nov 2016
NiftyFuture:Fresh Buying above 8028,SL @ 7918...Partial profit Booking @ 8224
BankNiftyFuture:Fresh Buying above 18743,SL @ 18306...Partial profit Booking @ 19348

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Trailing Stoploss @ 18743..Partial Profits Booked @ 19436...
Entered Nifty Futures Long @ 8029 on 23rd Nov 2016....Trailing Stoploss @ 7939..Partial Profit Booking @ 8224...

Trade Plans for 24thNov 2016:thumb:
NiftyFuture:Fresh Selling below 7939,SL @ 8078...Partial profit Booking @ 7747
BankNiftyFuture:Fresh Buying above 18743,SL @ 18306...Partial profit Booking @ 19348

 

[timepass]

Trade Plans for 24thNov 2016:thumb:
NiftyFuture:Fresh Selling below 7939,SL @ 8078...Partial profit Booking @ 7747
BankNiftyFuture:Fresh Buying above 18743,SL @ 18306...Partial profit Booking @ 19348

It's expiry tomorrow, so which series will you be working with ? November or December.

You don't see selling in Banknifty ??

 

[mrktmstr]

It's expiry tomorrow, so which series will you be working with ? November or December.

You don't see selling in Banknifty ??

Levels Posted are for November series......
BankNifty in selling mode thats why i kept the short position still open in that

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Trailing Stoploss @ 18743..Partial Profits Booked @ 19436...
Entered Nifty Futures Long @ 8029 on 23rd Nov 2016....Trailing Stoploss @ 7939..Partial Profit Booking @ 8224...

Trade Plans for 24thNov 2016:thumb:
NiftyFuture:Fresh Selling below 7939,SL @ 8078...Partial profit Booking @ 7747
BankNiftyFuture:Fresh Buying above 18743,SL @ 18306...Partial profit Booking @ 19348

Exited BankNiftyFuture Shorts @ 18275....Net Profits Booked = 1725 Points Per Lot
Exited NiftyFuture @ 7978....Net Loss of 51 Points Per Lot......

Rolled Over Positions to December series
Entered Fresh Short in BankNifty Future @ 18412,SL @ 18687
Entered Fresh Long in NiftyFuture @ 7997,SL @ 7978,Partial Profit Booking @ 8315

Trade Plans for 25thNov 2016:thumb:
NiftyFuture:Fresh Selling below 7978,SL @ 8118...Partial profit Booking @ 7785
BankNiftyFuture:Fresh Buying above 18687,SL @ 18271...Partial profit Booking @ 19261