Long 10 years: Finally started Diary

jassinko

Well-Known Member
#51
On Friday......

I shorted BN 15000 call at 187
and shorted BN 14500 put at 149

Margin Used: 46000

Reason - BN having resistance at 14930-15010 and support 14660-730
TARGET - will keep till BN break 14930 with force or slip below 690 with force.... approx 50-60 points by this week
SL - 20 points

PS: THINKING to make and write down all my rules here so that it will keep me in discipline......will try to do it by tomorrow
Net was not working so didnt write before...

Covered My trades on Tuesday at No profit No loss.......
Covered 15000 call at 261 and covered 14500 put at 69....

i exited my put first and during that time, call was at 226 but then mobile hanged for a couple of minutes... and by that time...15000 call was at 249.....i was just seeing what happened and instantly it hit 269 and then i exited finally at 262....

reason for exit: 15930 on spot breached and sustained.....
 

jassinko

Well-Known Member
#52
Hi there........ after almost 1.5 year of more indiscipline and jumping of set-ups, i finally starting again (as of now paper trades) with proper set-up and plan

Flash-back: i lost 50k in aug and then more twice.........

Anyways...my set-up is now mix of healthraj, escape, SSpargo and my bro Navdeep......Special thanks to ST da for their information posts which provides confidence, guidance and persistence for continuing.....

will start from tomorrow........:clap:
 
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jassinko

Well-Known Member
#53
My Paper Army - Rs. 5 lakh
My Ministers - Nifty, Banknifty and sometime liquid script if set-up will be there
My Weapons- EMA, RSI and simple S/R
My Generals - Options and Future
My Target - 7-12% return per month

Fights - Normally 2-3 per week (sometime more depending on set-up)

Jassi
 

Brill

Well-Known Member
#54
I never knew JK's principles can be applied for Trading. I was a big fan of JK. Read almost all his books on LOVE, FEAR, GREED... Only got confused. Most of the time after reading his books, I went crazy and wanted to run away from the normal life... But the survival for 3 meals a day always prevented me from doing it... It was some 15 years back... May be it is time to go and read once again especially on FEAR or GREED. JK always talks about a third person in you that is an Observer...
@healthRaj, can you elaborate on JK's principles if time permits? Will be helpful to tackle the psychology thing i hope...

Thanks in advance/Brill
 

jassinko

Well-Known Member
#55
Shorted Nifty Future at 7872 and Nifty 7900 Put at 121 - 2 lots each

Investment - 1.25 lakh

SL - 7954 on closing basis..... Target - Below 7720....... will cover put if 7790 below sustains

Reason for hedge - Sl on closing basis and to reduce 80 point SL

Lets see......Waheguru ji ka khalsa.......Waheguru ji ki Fateh

Jassi
 

jassinko

Well-Known Member
#56
Shorted Nifty Future at 7872 and Nifty 7900 Put at 121 - 2 lots each

Investment - 1.25 lakh

SL - 7954 on closing basis..... Target - Below 7720....... will cover put if 7790 below sustains

Reason for hedge - Sl on closing basis and to reduce 80 point SL

Lets see......Waheguru ji ka khalsa.......Waheguru ji ki Fateh

Jassi
MTM for the total position is Rs. -ve 225 (3 poit almost)

3 days leave will bring our position to +2 points if open at same rate......
 

jassinko

Well-Known Member
#57
Roll over done in Nifty Future from Dec to Jan........took hit of 50 points

So summary is:

Nifty Dec- -ve 50 *2= -ve 100 points (shorted NF @ 7872 and covered at 7922)
Nifty Jan - Shorted 2 lots yesterday at 7951
Nifty Jan 7900 Put - shorted @ 121 (MTM +30*2= +60 points)

MTM is losing 44 points as of now....... will hold till SL or tgt :thumb:
 

jassinko

Well-Known Member
#58
Roll over done in Nifty Future from Dec to Jan........took hit of 50 points

So summary is:

Nifty Dec- -ve 50 *2= -ve 100 points (shorted NF @ 7872 and covered at 7922)
Nifty Jan - Shorted 2 lots yesterday at 7951
Nifty Jan 7900 Put - shorted @ 121 (MTM +30*2= +60 points)

MTM is losing 44 points as of now....... will hold till SL or tgt :thumb:
On Friday, closing was almost at my SL but i used my discretionary power and didnt exited (reason RSI dipped in last 15 minutes and vol suggested top formation so took risk for 2 days

and voila.....it opened gap down ....:clap:

Now finally in +20 points profit....... and since it came below 7900 so closed my hedged put at 126 (lose of 5 points * 2= 10 points)

So, total Realized loss = 50+5= 55*2= 110 points
and Unrealized profit =71*2 = 142 points @ 7880

waiting for tgt and will again buy hedged put if nifty came back to 7927.....:thumb:
 
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jassinko

Well-Known Member
#59
Took 2 lot Jan 7800 Put @ 86 after covering 7900 put sell.....and covered 1 at 107 and other at 113.....:clap:

all paper trades.....just saw high at 124.....:annoyed: but earned almost 30% in option buy.........:clapping:

still holding NF jan short for tgt 7790 and 7720...
 

jassinko

Well-Known Member
#60
Exited 1 lot at 7800 (7790 spot as 1st tgt):clap:

Realized Profit - 151 points
Unrealized Profit - 141 points

SL revised now at 7840 on closing basis (aggressive trailing SL), safer one is 7900 but i wont wait...;)
 
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