Weekly trading diary : 23rd Feb - 1st March 2018 - Updated Thread

Yes…

Can anyone find some statistics on how much tax do day traders pay on an average countrywise?
I think in India STT is too much as compared to other nation but I can’t find data to confirm this.

Not just STT. Exchange trading charges are also very high for options. And then they decide to cancel licenses of products listed on foreign exchanges due to shift in volumes, instead of making changes to their own policies which harm the market participants and repel customers.

SWING TRADE SET UP: 20 FEB , 2018
20022018SWING

STOCK TO TRADE INTRADAY

@VelmuruganSengottai @sushil_sirari1

I need your view on this executed BNKNIFTY Strategy when BNKNIFTY was at about 25050

Sell 25000 CE - qty 40 @ 200
Buy 25200 CE - qty 80 @ 112.67

If BNKNIFTY moves up by 400 pts what would be my P&L like?

Hi all, need your views. I have USDINRFEB65CE 75 LOTS @ 0.08 which I couldn’t sell last week before the fall of USD. I wanted to average it last week but wasnt sure and hence couldn’t do it. Now do I wait with this position or sell at whatever I’ll get now?

Assume bank nifty spot goes to 25400 by tomorrow evening …

25000 call might trade for 420rs.
25400 call might trade for 230rs.

220 pft - 2 * 115 pft loss = -10 pt loss

better to go for 1: 1 ratio

even better strategy is sell 25000 put and hedge it with long 24800 put :slight_smile:

@VelmuruganSengottai Thanks

I added this now: Will this be enough to ensure minimum loss?

Sell 25000 CE - qty 40 @ 186.6
Buy 25200 CE - qty 80 @ 101.00

@VelmuruganSengottai What’s your opinion on these positions. Honestly I am trying these strategies first time so need your advice.

Fast trade.

I accidentally placed MIS orders in options what will be the charges if I convert to NRML?

no charges convert it into nrml !

What happened to BIOCON?
Trend changed ?
Constantly going up…

i never experimented with ratio spread …
you are still net long here

and when i collect 300pt premium , i try to hedge 300pt outside …

Is it 1 min chart ?

hi bro …

my complete analysis of your trade , was bit busy earlier

you have one butterfly - you expect index to stay and expect to gain from time decay
you have one long starngle - you expect index to breakout

both are opposite trades :smile:

1 Like

BIOCON took my half day… and being in non reactive mode…
Finally exit from position .
at 2:50 pm.

5 min chart bro…


But may be rest profit of 1100 will go in tax… and I will get 0 INR overall… :slight_smile: :wink:

AUROPHARMA made very good sell set up but at the end of day…

2 min early close was my mistake.
fast fall…

Entire day Pharma sector was in -ve.
and Auropharma react in same manner as BIOCON reacts.