My Bank Nifty Options trading diary

[pannet1]

Challenge


it is going very good so far. got about 2k so far. i just need to get another 1K before 9th june. then i have proved myself that 5% ROI is achievable in real trade too.

 

[TraderRavi]

Challenge


it is going very good so far. got about 2k so far. i just need to get another 1K before 9th june. then i have proved myself that 5% ROI is achievable in real trade too.

View attachment 35224

Are you trading crude oil only ? how many lots ?

 

[pannet1]

Are you trading crude oil only ? how many lots ?

Ravi,

Started with 60K. The lowest margin demand is from CRUDEOIL Mini so i am trading it. I start with 1 Lot and use different lot skews depending on if I am winning or loosing.

Same like the US OIl demo account trade ... detailed above posts.

 

[TraderRavi]

Ravi,

Started with 60K. The lowest margin demand is from CRUDEOIL Mini so i am trading it. I start with 1 Lot and use different lot skews depending on if I am winning or loosing.

Same like the US OIl demo account trade ... detailed above posts.

Best wishes for your trading

 

[pannet1]

1) so i was selling the farther month contract and buying the current month with CRUDEM. this was working fine but on 3-may, the position was scaled up to +10x on the buy and -11x on the sell side. however when the -1x on the sell side was added, i was finally correct, but the spread was running like it was orchestrated and difficult to square off in profit. atleast, i was not able to.

2) so the plan was to buy as NRML and sell as MIS with the same contract, so you will clearly have a visual clue of which one is profitable. here the market clearly had an upper hand and i have to get out with a small loss.

3) the play on 7th may was very satisfying. not because of the profit. it is because i was long on a gap up and i was holding a loosing position almost till the evening. then i used a pull back of a minor downtrend (below my original long entry) to short 3x and a quick profit was booked. the market continuing to bait bears and finally the long 1x long position also ended up in a profit. a 3rd attempt to legin a long position was scratched.

Satisfaction comes from the ability to read waves.

 

[pannet1]

Long at 3781 since morning

Either market needs to move 100% against me or trade well above my long entry. 5 minutes back all stubborn bulls on trailing stop should have been taken out. Will update the outcome in the evening

 

[pannet1]

Long at 3781 since morning

View attachment 35365

Either market needs to move 100% against me or trade well above my long entry. 5 minutes back all stubborn bulls on trailing stop should have been taken out. Will update the outcome in the evening

Its exactly no profit/no loss across two contracts.

Of course, there is going to be some debit tomorrow ... brokerage / tax. it was 4 trades and 8 lot in total.

 

[pannet1]

11-jun-2019

The debit entry was quickly converted into profit by 11 AM. However, i have to trade the rest of the day and it ended up in a small loss. I have left an overnight sell position yesterday and it seems CRUDE will gap down. Let us see

Its exactly no profit/no loss across two contracts.

View attachment 35377

Of course, there is going to be some debit tomorrow ... brokerage / tax. it was 4 trades and 8 lot in total.

 

[pannet1]

from left to right

1) attempt to pyramid scratched.
2) overnight position was trailed and market came back up exactly to pick that up.
3) dozed up for a nap after seeing the beginning of the fall
4) entered again a fresh short on the retracement candle engulf
5) market came back yet again, which i scalped for some quick profit (-3x)
6) carrying forward for tomorrow the entry at 4) above

overall a good green day, but i was dissappointed of the premature exit.

 

[pannet1]

booked 50 points profit near open from the overnight position.
see how i make it turn into red by the end of the day