Only one lot trade!!!
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consistency is the key … hoping to see you trade higher quantities sooner than later 
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Guys what about yours???
Today around 60 orders. Brokerage + tax should be 50 percentage of profit. Still 13k + to recover
Lots of positions so couldn’t capture in single click
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What’s the margin required for that banknifty options trade?
Usually I buy maximum 100 quantities of ATM or ITM options in the range of 20k to 30k. On expiry day it will be 6k to 15k. For call or put back spread strategy, cost is around 25k for one lot
If you are new, I recommend paper trading or watch price movement of options before actually trading in the market. Because options can increase or destroy your capital.
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Yes thanks for the advice.
Could you tell which strategy you are using as you mentioned 60trades per day
It’s 60 orders involving multiple strategies. No of trades less than 30. Most of my today’s trade involves buying naked calls or puts with virtual SL.
Tried call ratio back spread with 28600ce and 28700ce in morning. But due to very less movement, I booked a loss around 900 rupees. If I had waited till 2:30 pm, I would be in huge profits but exited with loss.
Tried long strangle between 29100ce at 167 rupees 100 quantities and 29000pe 100 quantities at 166 rupees. Exited CE around 65 rupees and put around 310 rupees. At one point, I thought I shouldn’t have used long strangle because of loss. Later it turned profitable due to big move otherwise my pl would be in big red.
Shorted 1 lot of 29200 pe at 296, which ended in a huge loss.
Overall few trades went wrong, many are neutral and few outperformed expectations.
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I believe it is 60 orders of one trade
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Good information. Thanks for sharing
Another day in green. Today 31 orders so expecting less than 1k brokerage. 8k+ to recover
Tomorrow expiry day. Hope to avoid silly mistake in last week expiry.
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Can you tell how do you decide your trade
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decided not to do expiry trade tomorrow … incase if some opportunity comes , will sell OTM calls only
It’s hard to explain.
I will look at the price action in 5 minutes candle and decide whether to buy call or put options.
Mostly I buy ITM or ATM options because they respond well with index movement.
Periodically I will check oi data, us and European futures, dollar and crude oil price. This will give me a view whether index will close in positive or negative.
If market is moving against my view, I will use option strategies with limited risk so I can avoid huge loss.
For initial trades, my target and SL are small, I will book profit or loss soon (around 300 to 500 rupees). Once profit reaches 1000 rupees, I follow “Let your profits run and cut your loses short” rule.
Whenever I feel no movement in an option strategy, I will exit immediately. Sometimes this saved me from huge loss and sometimes I miss huge profits.
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