My intraday trades in nifty options

[boarders]

2 lots gross 2903.55 - cost 66 = net 2837 profit

 

[boarders]

my wife traded her first lot nifty current month futures with 20 points fixed profit today on nest platform

bought at 6107 and sold 6127

 

[TracerBullet]

my system is of basic support resistance breaks and pivot reversals taking cue also from open interest data. I trade options due to the low capital requirement and also that the risk reward is much higher and brokerage is lower.
As my wife is just starting to trade for the first time, I advised her to use the same method as I do but trade in futures until she gets proficient in eyeballing the screen as my method requires that to enter and exit.

Question : How do you manage stop loss / targets ?
Do you set them based on nifty / future levels? If so, how do you translate them to option prices?

Do you set them in the trading platform or just look at the chart and manually exit position?

Assuming i am always on watch when having position and the levels are watched with discipline, it is possible to manually manage stop losses?

I am a newbie and still not decided whether to start on futures or options
Would to like to use options due to reasons that you mentioned
thanks

 

[boarders]

Question : How do you manage stop loss / targets ?
Do you set them based on nifty / future levels? If so, how do you translate them to option prices?

Do you set them in the trading platform or just look at the chart and manually exit position?

Assuming i am always on watch when having position and the levels are watched with discipline, it is possible to manually manage stop losses?

I am a newbie and still not decided whether to start on futures or options
Would to like to use options due to reasons that you mentioned
thanks

I have a hardware locked excel sheet developed by a close friend of mine which gives me the stops and targets for options.

 

[boarders]

today 6200 ce and 6200 pe

 

[boarders]

10 lots gross 1385 + cost 330 = net 1715 loss

 

[TraderRavi]

10 lots gross 1385 + cost 330 = net 1715 loss

today loss ? due to rangebound nifty ?

 

[boarders]

today loss ? due to rangebound nifty ?

yes kept hitting my stops both direction except for two trades and the one after 230 pm I didnt take

 

[boarders]

today 6200 ce and 6300 pe

 

[boarders]

2 trades gross 329 - cost 66 = net 263 profit