Weekly trading diary : 2nd Feb - 8th Feb 2018

So we have 2 options:-

  1. Either SELL PE
  2. Or BUY CE

Yes above when market is UP and vice versa when market is DN

exited with Breakeven.
First target 19500 hit so moved to sl to entry and got exit with breakeven.
(It is ok even if in loss.I just know that over time it will be profitable)

Again I missed.
Time to buy NIFTY 10400PE , put LIMIT to buy at 86 , but price started to increase and go on :smile:

Trigger.
Took 2 lots of NIFTY 10400PE 18FEB @86

See today also it cracked about 250 pts at around 2 pm. Anyone know why?

Please guide me here:-
Now I want to put Stoploss here…


Is this correct ?
My condition is if market will go to upside and Premium start to role down at 70, I have to exit.
So is it follow my condition ?

if you want to be 100% abt order execution , you have to select SL-M ( never tried but i guess slm is allowed for index options ) …
or you can put price as 68 and trigger price as 70.1 ( and hope for order gets executed between any price above 68 )

In case of SL or SLM ?

you can put sell price only in SL order …
SL-M mean Stop loss at market price

Well , better luck next time , i think Bosch will reach 29700 level , i saw some of your trade plan & posts , felt that , your account being bleeding , so just a friendly gesture , i posted about Bosch trade , otherwise i would have been silent , Sun Pharma is moving sharply , i think this one stock for the TGT 630

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So as per your suggestion , I have to place as SLM not in SL ?

no market orders for options :slight_smile:
if you are playing in options , better you watch it or take positional trades…

So I can’t protect my option trading from Loss ?

my view is putting stop loss orders for options is not a good idea …
there are many things affecting the option price … when volatility goes down , option price will easily go down by 20% , its very diff to play like that …

best case is if you are having a at the money call , sell outiside the money call … there are many ways to minimise loss if you cant follow the mkt

THANK YOU,:smile:

I am polishing my skills not luck…
I don;t think…I just follow my plan and Let the market decide rest…

Let see My trading system edge saves me from these bleeding. or not !!!

If not then, at the end of month,I will recheck trade journal and may modify some rules if needed.

European markets in good red and our Nifty future is trading at discount to index… looks like biggies are expecting more downside…

But today almost whole day was good upside , Both NIFTY 50 and Bank nifty too with 1.5% UP SIDE kind off.

image

Maybe it’s a pull back within the down trend for Nifty or because of Crude oil cooling off…

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Bad day for me today lost over 1 lakh…
:smile: :smile: