Guys post your daily trading status

Here is my strategy… I do sell OTM BN options to earn 1-2% per week. Let me know if this is useful.

All the Best :+1:

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last year paid ~4L tax ( ~20L capital gains ) …
40+L profits in this financial year … definitely have to pay hefty tax

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Is it intraday or btst / stbt ?

Everything … including option buying as well

Hi Velu,

Just a thought.

Why don’t u use your other family members trading account to escape the tax burden?

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Ya bro …
Planning to open one account on my fathers name …

I am trading with 2 accounts now

That means, you are doing both? Selling & buying the options? If yes, then which one acts as the primary profit holder in your portfolio, selling or buying?

i guess 70/75% in selling …
i have to consider profits from diagonal spreads as selling even though buy leg premiums are higher than sell legs

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Hi Velu, your success in markets is excellent ! I have one question, if you can please reply:
Do you trade in stock options also ? If yes how much percentage of trades and profit you derive from stock options ?

Hello Velu

Why the account is mentioned as your name and family.Any benefits of such account

i noticed it now only :smile:
i really dont think its of any extra use

when i started making money consistently , its in the stock options …
last 1.5 years only i started trading in index options , also i moved weeklys little late when comapred to other traders

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halo sir can you briefly explain how to proceed option writing with initially 5L capital. i am an govt employee can add latter . you are great in option. right person to guide me. plz plz.

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I do intraday short straddle/strangle in bank nifty mostly … it’s all about avoiding risky days

Doing positional , mostly directional

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STOCK SELCTED
WE SHORTED SUN PHARMA AS YESTERDAY BEARISH ENGULFING CANDLE WAS FORMED AND TREND LINE WAS BROKEN WITH VOLUME CONFIRMATION. WE KEEP OUR STOLOSS AS 1:1 RISK REWARD.

POSITION


ORDER BOOK [MONEY MANAGEMENT AS PER CAPITAL]

SUN PHARMA LEVELS FOR TOMORROW :
Buy at / above: 523.26
Targets: 528.73 - 534.49 - 540.29 - 546.11
Stoploss : 517.56

Sell at / below: 517.56
Targets: 512.14 - 506.5 - 500.89 - 495.31
Stoploss : 523.26


started option writing. with just 1 lot. also paper trading last 2 months. give regular updates.

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Seems hard day to you…never give up & follow your rules.