My Trading Journal (Senior members suggestions welcome)

insursi

Active Member
#1
I have been in the market actively for last one year as a positional trader and started investing from 2010. Sofar I had done trading only once in FNO segment.

Since market condition is favorable for going long due to pre-budget rally, global scenario and I picked SBIN because of the good result and technically it has formed a bullish engulfing pattern in the weekly chart for target of 330 with SL of 303. Today I bought SBIN March fut at 311 when spot was at 308.5 which currently closed at 306.7. Unfortunately, I have not done the hedging today with put option. My question here is that do I need to buy 300PE because I feel that the price will not fall below this level. Or Do I need to hedge with 295/290PE.

You are welcome to clarify.
 
Last edited:
#2
I have been in the market actively for last one year as a positional trader and started investing from 2010. Sofar I had done trading only once in FNO segment.

Since market condition is favorable for going long due to pre-budget rally, global scenario and I picked SBIN because of the good result and technically it has formed a bullish engulfing pattern in the weekly chart for target of 330 with SL of 303. Today I bought SBIN March fut at 311 when spot was at 308.5 which currently closed at 306.7. Unfortunately, I have not done the hedging today with put option. My question here is that do I need to buy 300PE because I feel that the price will not fall below this level. Or Do I need to hedge with 295/290PE.

You are welcome to clarify.
What type of suggestion you are looking for?
It all depend upon your homework and risk appetite.
 
#3
i would say keep additional money ready in bank .let it sit in bank..
SBIN is of one strong stock.

if u have margin ready just in case ... then no need for put option. i would say eat the entire trend. by march 21 i think it should start to give u decent return .
if u don;t mind loosing some premium then insurance policy put canbe taken.
 

insursi

Active Member
#5
i would say keep additional money ready in bank .let it sit in bank..
SBIN is of one strong stock.

if u have margin ready just in case ... then no need for put option. i would say eat the entire trend. by march 21 i think it should start to give u decent return .
if u don;t mind loosing some premium then insurance policy put canbe taken.

Thank you test123 for the kind reply. I hope you meant to say broker account instead of bank account. As you pointed, I am not going for put option at the moment and holding the position with conviction. Fingers crossed!!!
 
#6
Thank you for the message.
Actually I was in confusion of which put option to chose.
there is tradeoff while purchasing put option.it protects investment for limited period while reduce profit. I prefer to purchase option at far otm as it gives me much profit when i am correct and protect from major correction or crash. So it all depend upon risk appitite and you are best judge for it.
 

suri112000

Well-Known Member
#7
there is tradeoff while purchasing put option.it protects investment for limited period while reduce profit. I prefer to purchase option at far otm as it gives me much profit when i am correct and protect from major correction or crash. So it all depend upon risk appitite and you are best judge for it.
when you go for far out of the money options......make sure your trade has sufficient time to yield desired result...........otherwise time decay will eat up your premium to the bones.
 

insursi

Active Member
#8
Over couple of months I was trying to do FNO traders and end up with little loss. Finally decided to stick with only options and hereby I update my positional/swing traders which I started from yesterday with little capital inordered to check the consistency of winning traders.

 

insursi

Active Member
#9
Again made a swing trade yesterday on LTFH 70CE at 0.40 and exited at 0.60. Due to lack of time not tracking much option stocks nevertheless made few positional trades in small cap stocks since the small cap index has given a year breakout after a long consolidation.
 

insursi

Active Member
#10
Today I made a position in RCOM 90CE at 0.45 and exit at .50 Unfortunately I was away from the system when it made high of .70. Since I am making position in OTM options, I feel very difficult to track both main scrip chart and option chart. From now onwards I am planning to stick with only option chart, for which I need chose bit of more liquidity counter may be in ATM or ITM.
 

Similar threads