Escape's Options Trading Diary - Phase 2

One lot exit @ 107.90, CMP 107.05

SL hit on 2nd lot, Avg SELL @ 106.95, Profit of 2.95 points, less brokerages.

Here is log as of last session.

Log:
NIFTY 27Sep12 CE 5300.00 (B)200 @ 140.65 (S)200 @ 140.65 (P/L) + 0.00
NIFTY 27Sep12 PE 5500.00 (B)100 @ 104.00 (S)200 @ 106.95 (P/L) +295.00

Result:
After deducting all charges: Rs +224.22

Capital Status for the current month:
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 43036.57 (-1963.43)

Learning/Remark:
Yesterday traded first time using platform NOW.
Faced little difficulties getting use to it.

I'm glad being first day of phase 2, ended with positive result. My current ledger balance is showing loss because of advanced deduction of monthly brokerage fees and other charges.

There were few more opportunities to trade, but I spent my time exploring features of NOW platform and trying to enable few common features I'm use to it ... like getting sound alert once order is executed, others.

Also spent time thinking about managing two SLs and two Targets which I'm not use to it. Sometime I feel I should go back to old way of putting only 1 SL for all lots and 1 EXIT for all lots, have to take call on this. Not sure as of now.

Bought Nifty 12SEP2012 PE 5500 @ 90.00, SL 81.00, CMP 90.45

It is test of patience.
It went close to SL, now showing upward movement, but not strong enough.
Let's see if it really goes up or hits initial SL.

You are right. No momentum. Shrinking volumes.

sl @ 87/89, cmp 92.30

sl @ 90/92, cmp 94.25

Both lots EXIT @ 93, profit of 3 points, less brokerages.

Hi Escape,

Keep up the good work. You seem to be very disciplined in your trades & log keeping. Would it help if you could also give reasons for positions taken? Just a suggestion.