PaperTrading Linkon's strategy

Dear friends,
Am started paper trading linkon's strategy SHORTING STRADLE.Only change in taking NF postions using 15 min trf using pivot & flow method.
here is the lonk for orginal strategy of Linkon.
http://www.traderji.com/options/28235-good-profit-hedged-nifty-positions-straddle.html
So I am going to post my daily trading summery.......
Thanks linkon for giving a simple strategy.....don't now about it's profitablity....hope get results in couple of months ......

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Dear Sir,
I have Bought Nifty Calls of 5000CE, 5100CE and 5200CE at Rs. 85, 55 and 34. Also holding the Puts of 4700PE and 4800PE at Rs. 95 and 120. All are for Feb 2010. Currently all are down? How should I trade in near future for these holdings?

AvinDada

Dear AvinDada,
I am also learning option trading since couple of months..now paper trading Linkon's strategy as above.....so unable to give you guidance...but you can get needed guidance in this forum...AW10 sir/Linkon/SM may help you...they are always there to help us.....

NBLEASE AVOID 'SIR"

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Vijay, I am not sure, if I have understood your / Linkon's strategy correctly or not.
Will suggest to draw the rules of strategy clearly in one of the post.. you can take the rules from Linkon's thread.. but modify /enhance them and place all new rules at one place. That way, it will be easy to analyse what is working and what is not.. and where to make adjustment. Maybe you would like to bring in Mini-flow rules also in that..

As per my current understanding - By selling short Straddle, you are collecting money from market.. and this money will act as cushion for Gaps / Loosing NF trades.
In reality, u are doing NF trading.
As your Miniflow rules are well laid out.. I will suggest to put some thoughts on handling straddle on certain market moves... i.e. if market moves close to your straddle Breakeven points, then u might like to take some action. Maybe buy another options in at appropriate time so that u make Straddle risk free and then focus on NF trading with additional cushion. Or u might like to leave 1 NF position to neutralise the loosing straddle etc.

I am watching this thread, and will share my feedback from time to time. Only thing I was not clear about the focus of this thread. It is important to define the objective of your paper trading exercise
else it turns out to be time wastage and doesn't help us much once exercise is completed..

Please see if you would like to think on these points and bring more clarity on this exercise.

Happy Trading

Dear AW10 sir,
Thanks for your kindly reply...as always...am posting my paper trades for self learning perpose.....want to know what if market go against my trades in Options...so if when market comes near /break BE point what possible position can I take?....or is it better to look for every 100/200 points change from my strike price...then close lossing position and took new position eg....@4900/5000 exit 4800CE and short 4900ce/5000ce.....though my NF postion going well with miniflow method.....Your guidance will help me a lot to develop my trades in options.....

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Dear AW10 sir,
What can we took from these option percentages change yday happen?

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