Long-term Investor now also into trading

[sridhga]

Hi,

I have been a long term investor for really er. 'long' time. Now I wanted to get into trading as well. I do understand that it is a cultural change. But I started doing my homework and got into traing options. So far traded for just a week. The following are the results.

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -26JUL2012-CE-4800.0000 -0 Expiry Date 26-Jul-12 Strike Price 4800 Buy Qty 100 Sell Qty 100 Avg. Buy Price 248.46 Avg. Sell Price 273.24 Profit 2478.00

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -26JUL2012-PE-4500.0000 -0 Expiry Date 26-Jul-12 Strike Price 4500 Buy Qty 50 Sell Qty 50 Avg. Buy Price 65 Avg. Sell Price 80.1 Profit 755.00

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -31MAY2012-CE-4800.0000 -0 Expiry Date 31-May-12 Strike Price 4800 Buy Qty 50 Sell Qty 50 Avg. Buy Price 77.25 Avg. Sell Price 138.1 Profit 3042.50

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -26JUL2012-PE-4700.0000 -0 Expiry Date 26-Jul-12 Strike Price 4700 Buy Qty 100 Sell Qty 100 Avg. Buy Price 104 Avg. Sell Price 125.23 Profit 2122.50

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -26JUL2012-CE-4900.0000 -0 Expiry Date 26-Jul-12 Strike Price 4900 Buy Qty 50 Sell Qty 50 Avg. Buy Price 200 Avg. Sell Price 223.84 Profit 1191.95

 

[sridhga]

Contract Desc. OPTIDX-NIFTY -31MAY2012-PE-4600.0000 -0 Expiry Date 31-May-12 Strike Price 4600 Buy Qty 250 Sell Qty 250 Avg. Buy Price 19.48 Avg. Sell Price 19.88 Profit 100.00

 

[sridhga]

Total Derivatives Traded for the period 14/05/12 to 18/05/12 Brokerage 2784 Total Profit 9689.95

 

[DanPickUp]

Dear Sridhga

Sounds good. Only thing: No prove of nothing as not one of those trades are even mentioned at any levels of those markets at any time when the markets have been on those buy and sell levels.

Nobody ask you to show your account. Most simple way to prove success is to make a short notice at around the time when markets are around your buy and sell levels you take any trades. That then shows that you are aware of what you do.

With other words: So far nice write up work and nothing more. Hope to get a prove of your success in the following days by not even asking what system you use. Just seeing your post around those market levels you make decisions and then knowing: Aha, no other write up bluff.

Good trading

DanPickUp

 

[sridhga]

Okay Dan.

Understood. I will try.