Hi Friends!
Here is another options trading diary for you but interestingly it is lowest capital diary i/you have ever seen on the traderji.com.
History: I am in stock market since 2007last and witnessed all ups & downs 6300-2250-6300 on nifty and lost almost 1.25 lakh till Aug'10 in all segments available in the market. In Aug'10 i have finally said good bye to the markets!
Capital: Now i have changed my mind and decided to recover my lost money with only 4500/- in my ledger with rmoney wich is balanced since aug'10. I will add not a single paisa in this account as I am already exited from the market.
Trading Picks: I will trade only in nifty OTM options. I will prefer to do intraday or maximum BTST. In case if I forced to carry my positions for more than 2 days I will buy a opposit call/put to cover it.
Call/Put Picking Criteria: I do not have good knowlede of TA, in fact i do not believe in TA (except support & resistances), but ofcourse I can fundamentally analyse any stock accurately.
A) Intraday: I will try to find out the buying interest (call/put). If you carefully watch the top 5 bid/ask constantly for 30-40 minutes in a sideways session, you can find out the interest of smart players. I have noticed many times that suddenly bid-ask difference increased very much. I will try to find out whether bid rate dropped very much or the ask rate increased. It can be used to make your position for the intraday.
B) Positional: I will take positional trade only on the base of oversold/overbougt or you can say it a contra position (1-2 times in a week).
Trade Timing: in most of the cases start timing would be 12noon as this time is very less risky.
Brokerage: Options 35/- per lot (second leg nil if sq/off same day) i.e. 0.80 points per trade intraday and 1.60 per trade for positional in nifty.
Target Capital: 10K upto 31/12/2010
So thats all friends!
1st trade: bought 6100 ce @28.30 at the end of the day. (on the base of oversold) wanted to buy 5300 pe to cover it but it was looking so expensive. Will buy that on monday if market goes sideways on monday.
Terget: 40-50 for monday.
Here is another options trading diary for you but interestingly it is lowest capital diary i/you have ever seen on the traderji.com.
History: I am in stock market since 2007last and witnessed all ups & downs 6300-2250-6300 on nifty and lost almost 1.25 lakh till Aug'10 in all segments available in the market. In Aug'10 i have finally said good bye to the markets!
Capital: Now i have changed my mind and decided to recover my lost money with only 4500/- in my ledger with rmoney wich is balanced since aug'10. I will add not a single paisa in this account as I am already exited from the market.
Trading Picks: I will trade only in nifty OTM options. I will prefer to do intraday or maximum BTST. In case if I forced to carry my positions for more than 2 days I will buy a opposit call/put to cover it.
Call/Put Picking Criteria: I do not have good knowlede of TA, in fact i do not believe in TA (except support & resistances), but ofcourse I can fundamentally analyse any stock accurately.
A) Intraday: I will try to find out the buying interest (call/put). If you carefully watch the top 5 bid/ask constantly for 30-40 minutes in a sideways session, you can find out the interest of smart players. I have noticed many times that suddenly bid-ask difference increased very much. I will try to find out whether bid rate dropped very much or the ask rate increased. It can be used to make your position for the intraday.
B) Positional: I will take positional trade only on the base of oversold/overbougt or you can say it a contra position (1-2 times in a week).
Trade Timing: in most of the cases start timing would be 12noon as this time is very less risky.
Brokerage: Options 35/- per lot (second leg nil if sq/off same day) i.e. 0.80 points per trade intraday and 1.60 per trade for positional in nifty.
Target Capital: 10K upto 31/12/2010
So thats all friends!
1st trade: bought 6100 ce @28.30 at the end of the day. (on the base of oversold) wanted to buy 5300 pe to cover it but it was looking so expensive. Will buy that on monday if market goes sideways on monday.
Terget: 40-50 for monday.
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