Long 10 years: Finally started Diary

[jassinko]

the way premium of 95 call is fixed @ 0.40 shows something is cooking...... never saw that just 2 hrs into expiry and share is down by 1% but still premium doesnt reduced.........it should be at 0.20 but nope.........

closely monitoring now......

 

[jassinko]

JP associat's 60 put came down from 0.70 to 0.40........:clapping:

JPPOWER's 20 call is down from 0.10 to 0.05:thumb:

Rpower's 95 call is down from 0.6 to 0.5.......

Nifty 's 7800 call is there only....from 12 to 11.....not much change :annoyed:

but day is still young.....keeping an eye over positions, traded + paper

jpassociat is still clinging to 60 level.........my take is still same....would expire abv 60........

jppower 20 call option is 0 now...

rpower is down and 95 call option shud expire worthless

nifty is down and 7800 call came down to 2 from 12........

some observations were good, for others, we have to wait till 3:30.......

some are wrong tooo.........like i thought rpower will close arnd 95 but it came down......

 

[jassinko]

jpassociat is still clinging to 60 level.........my take is still same....would expire abv 60........

jppower 20 call option is 0 now...

rpower is down and 95 call option shud expire worthless

nifty is down and 7800 call came down to 2 from 12........

some observations were good, for others, we have to wait till 3:30.......

some are wrong tooo.........like i thought rpower will close arnd 95 but it came down......

jpassociat came down.......

lt look like will not close below 1500.........lock it...1500 put is around 4...we can sell it for 0 target.......paper trade only

 

[jassinko]

jpassociat came down.......

OI chain changed now.....looking like it will close below 60 only........ so loss on paper is 0.4........that means -3200

 

[jassinko]

Based on OI chain, some observations:

JPassociat must expire above 60 cmp 59.8
JPpower must expire below 20 cmp 19.55
Rpower must expire below 95 cmp 94.60
Nifty must expire below 7800 cmp 7780

I am a noob and learning via trading so request all not to trade......

jpassociate 60 put gave loss of 3200 on paper
jppower 20 call gave profit of 1500 on paper
nifty 7800 call gave profit of 600 on paper
RPOWER 95 call gave profit of 2000 and 2400 in real trade........ (brokerage, taxes etc excluded):clap:
LT 1500 put gave profit of 1000 on paper.........

 

[jassinko]

Exited at my target.......:clap:

Bought Banknifty Future August @ 15400
Bought Banknifty 15500 Put August @ 430

Total Profit - 2625 (excluding brokerage and taxes)

Though i want to sold it after EID for some more profit (but cant predict markets so exited at target)

GUIDANCE, SUGGESTIONS and COMMENTS welcome from all

With God's grace, after today's profit, my balance reached - 50000+2400+4200=56600

Still now , discipline is there.......though it will look like i have averaged the rpower short call but in reality, i have some fund for intraday and i was looking to invest in jpassociat or jppower but then i thought more safer is rpower.......hence invest again.....

COMMENTS, SUGGESTIONS, GUIDANCE are welcome..............

 

[jassinko]

Bit Risky trade but hedged to reduce loss

Bought BNF @ 15225
Short BNF 15000 call @ 489

Will try to get out at either
target: 60 points by 11 am aug 5
SL: 15100 or 60 points whichever come early

Margin used: 44000

Also, got a slippage entry of 10 points......will try to fare better next time

 

[jassinko]

was getting 50-55 points but was short of target so holding with SL

though BNF target met but mine didnt......the reason was decay in premium of BN Future and rise in vola of 15000 call..........

ideally, i should have exited with whatever i get but setup remain same and BNF took support at 15300, so holding my position with clear SL of now 15280.........

as i m writing, getting 40 points as of now.....

 

[jassinko]

Bit Risky trade but hedged to reduce loss

Bought BNF @ 15225
Short BN 15000 call @ 489

Will try to get out at either
target: 60 points by 11 am aug 5
SL: 15100 or 60 points whichever come early

Margin used: 44000

Also, got a slippage entry of 10 points......will try to fare better next time

Exited BNF @ 15293
Exited BN 15000 call @ 553

So overall, no profit no loss.........

Firstly exited option and BNF slipped 30 points instantly...... by the tim exited, got no profit no loss situation..........

So, can say slippage of 30 points happened at exit........ will work on this... in entry also, 10 point slippage happened.........

anyways, no position right now.......... will take after RBI meet tomorrow

 

[jassinko]

Bit Risky trade but hedged to reduce loss

Bought BNF @ 15225
Short BNF 15000 call @ 489

Will try to get out at either
target: 60 points by 11 am aug 5
SL: 15100 or 60 points whichever come early

Margin used: 44000

Also, got a slippage entry of 10 points......will try to fare better next time

i think i loose my discipline yesterday........my exit should be today or 60 points or 15100.........but i exited without hitting any........

fear came into my mind that i m earning 40 points and BN is slipping so better to exit with whatever i m getting..........but as soon as i exit option, BNF slipped...and i earned 0 points..........

lose faith and hence lose profit........... luck favours brave and by exiting early, m i behaved like coward..............?? thought hard on this point but didnt got any answer

One mind is saying atleast u didnt lose points.........and after u exit...BNF slipped further so it was good exit as per trailing SL

Other mind is saying that when u knew (by ur experience) before 11 am toay.....mkt will only be volatile but not go anywhere, then i should have keep the position by 10:45 atleast.........u would be getting 75 points in that case.....target hit

Seniors........pls guide on this dilema