Option Jobbing Business

[OneThatGotAway]

Nikhil Bhai what are this blue and red line in chart ? are they Carmela level ?
I m old school lol it;s always buy at yesterdays open price :xD

Wise man has said You don;t need to trade all time. MOney is made by sitting tight lol
and thats hardest part in trading.

 

[Nikhil Dogra]

Nikhil Bhai what are this blue and red line in chart ? are they Carmela level ?

Those are the levels where i will try to take off my positions if i have any or look for trade entries if i am flat , these are not camrilla pivots, its based on proprietary market generated information like open/high/low/close and some market & volume profile related concepts.

 

[Nikhil Dogra]

I forgot i have to go to attend a wedding function LOL! Trading resumes on Monday cheers!

 

[Nikhil Dogra]

I am starting this thread as a public journal of my option jobbing business as well as my views about market. My overall profit target is INR 200,000 before 1st April 2019

Objective For 11th December 2017 to 2nd March 2018 :-

• Target INR 15000 profit before 2nd March 2018
• Margin - INR 25000
  
• Strategy Risk Limit - INR 12500 (There will be no daily risk stop)
• Market - Nifty Options
  
• Minimum Position Size - 75shares OR 1 Lot
  
• Maximum Position Size - 75shares OR 1 Lot
  
• Individual Trade Stop Loss - Price & Time Based Stops
  
• Dollar Cost Averaging Losers - N.A.
  
• Scale In - N.A.
  
• Scale Out - N.A.
  
• Turnover Restrictions - N.A
• Systematic Profit Withdrawals - Yes, 60% of profit accumulated.

Slight modification in the objectives of this thread My overall profit target is INR 250,000 before 1st April 2019



· Liquidity Providers – NSE

· Markets – NSE Nifty50 Index

· Instrument – Options

· Broker – Pro Alpha Investments

· Business Strategy – Systematic Short Term Trading

· Trading Strategy – High Frequency Trading (Scalping and Intra Day Position)

· Capital – INR 50000

· Margin – INR 25000

· Money Management – Cash in Bank INR 25000

· Risk Management – Daily Risk Limit 2.5% Of Capital (INR 1250)

 

[Nikhil Dogra]

Trade Plan For Monday

 

[Nikhil Dogra]

I have no idea for today in context of trading & the market volatility is too high for my comfort so no trade made so far. 1M candle has 10 point ATR right now (INR 750) & my risk limit is INR 1250 for the whole day so i can't risk hitting my day limit on such high ATR numbers on 1M candles

 

[Nikhil Dogra]

This is what resistance looks like on DOM, check out 110 on 10400ce

P$L

 

[Nikhil Dogra]

Trade Plan For 19th Dec 2017 :-

 

[Nikhil Dogra]

Today has been a very tough day , from the beginning i was battling to stay within my loss limit for the day (-INR 1250). At one point i was very close to hit the risk limit (-INR 1150) and market finally started to trade in line with my expectations and i have managed to claw back in the positive territory. Gross p$l is INR 840 but factoring in the expenses its net +INR 400. +400 is definitely better than -1400

 

[Nikhil Dogra]

Trade Plan For 20th Dec 2017