Guys post your daily trading status

Good 3% this week!

Best,
Raghu

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Guys I’m working on implementing a combination of bear put and bull call but in a conservative manner. Here’s my plan:
B NIFTY 02JUL2020 10700PE @ 500
S NIFTY 02JUL2020 10600PE @ 414
B NIFTY 02JUL2020 9600CE @ 601
S NIFTY 02JUL2020 9700CE @ 513
Prob. of Profit
80.87%
Max. Profit
₹ +1,875
(6.07%)
Max. Loss
₹ -5,625
(-18.20%)
Breakevens
9675.0-10625.0
My view is 9700-10700 for expiry and Im getting much better cost v benefit ratio than IC.
Would you call this a non arbitrage box spread or what? I’m basically used to playing ranges with short strangles and ICs but I’m finding this more lucrative in terms of R:R. Can option experts share their views from the theoretical/practical aspects? @velu @vishnux @Riyas_Ahamed . TIA.

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I dont do positional

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@samsingh

how is trading going on? haven’t seen you active in this thread for a while…

Hey,
Some personal things had kept me busy lately. Trading Nifty these days because crude volume is dead and margins are high. Will start a new thread here to publish my daily trading journal in Nifty sometime later this month.

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Great, would be so kind if you also post your analysis on that thread… Thanks :pray:

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Lets take it over pm.

My 2nd profit in trading done by self .

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Complete the product first. its a incomplete project. not working.

Interesting to see your returns report with the brokerages deducted for the last couple of months. Because you always post profits.

Hey,

This looks interesting. Is it officially tied up with Zerodha? As it is asking for a linking with Kite Account?

Yes It’s very new but in order to complete it I need a few real world traders. That’s why it will be free for life for the first 20 users in exchange for your valuable time and feedback.

MarkUp is less than a week old and so it doesn’t work for everyone. If you would like to see the working version of MarkUp please bear with me as I work through the issues I discover.

Else I’ll post again when it’s ready for a general release. Thanks again for trying it out.

Zerodha has provided me with the API access and I am in touch with them quite regularly. However, this is not a Zerodha product. It’s by me, Siddharth Sharma.

The APIs we have only allow us to download your trades, orders and positions. Using this we generate your charts, equity and drawdown graphs and so on. We cannot execute trades on your behalf.

Also, it’s forbidden to use market data except through an authorized distributor. Therefore for you to have access to the market data in MarkUp I am obliged to have you sign in using Kite.

Hope this clarifies.

Yes the dissonance between my trading P and L and my cash balance has always bothered me. In the end it turned out that the frequency of my trades meant most of my cash was going to the government and exchanges (STT, GST and ETT are significant portions of the charges) and so the first thing I did with the feedback was to start trading less :slight_smile:

My 3rd profit done by self :tada:

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7th winning streak today

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I have a goal to do 20 days winning streak :wink: will do it soon

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Won the Zerodha challenge 4th time in a row :slight_smile:

Best,
Raghu

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