My Option Paper Trading Diary

#1
From Today I will start this diary to record my paper trading in option.
As I feel, today the trend of the market have changed from bullish to bearish,
I buy 10 Lot 10700 PE January 2019 for Rs. 137 (ON PAPER not ACTUAL)
Investment = 137*75*10 = Rs. 1,02,750 +Rs. 250 (brockerage Approx. ) = Rs 1,03,000
Profit Target = Rs 10,000
Hence, Sell Target = 10000/750 + 137 = Rs. 150.3 to cater the cost Fix the Sell Target = Rs. 152
So, I am giving an AMO sell order at Rs. 152.
 
#3
My sell order should be filled ( as the price went up to Rs 184)
In summery, in this trade, I bought 10700 PE at 137 and sold at 152.
total profit = 15*750 - 500 = Rs. 10750.
 
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#4
As I feel the trend is still down, I decided to buy 10L 10700 PE Jan again at Rs. 175
total investment = 175*75*10 + 250 = Rs 1,31,500
Profit Target = Rs. 10,000
So, Sell Target = 175 + 10000/750 = 188.3 (let us make it Rs. 190)
Hence, I am giving an AMO sell order at Rs. 190.
 
#5
Today the highest rate was Rs 195.2
Hence, My order should be filled.
In summery, in this trade, I bought 10700 PE at 175 and sold at 190.
total profit = 15*750 - 500 = Rs. 10750.
 

angira

Well-Known Member
#8
How U decided the trend by OI or other technical Bcoz at wendnesday Max OI was @ 10500 pe
side which indicate Bullish.
Angira...
 
#9
How U decided the trend by OI or other technical Bcoz at wendnesday Max OI was @ 10500 pe
side which indicate Bullish.
Angira...
I do not use any single indicator and I do not know how to use the OI. I know the Moving Averages. MACD and stochastic which are lagging and then I add my own future forward. I also use Kagi, Renko, HA and Point break charts to get a feel of the trend.
Basically, It is looking at the various indicator on Investing.com and Tradingview charts and then take my own decision and there is no logic or scientific principle in my final decision except "I FEEL"
 

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