Hello everyone. After reading many trading diaries I am also inspired to write my struggle with market on the forum. I want to write it so that I become a disciplined trader. Currently greed and fear are the two biggest enemies which I am facing. May be with all your help I can overpower them.
At present my trading capital is Rs 3 lakh and I have following open position:-
1. NTPC 175 CE 1.90 -- SELL
2. NTPC 165 PE 2.20 --SELL
3. NTPC Sept future 165.8 --SHORT
4. NTPC Oct future 170.5-- LONG
Basically first two options position are made on assumption that NTPC will remain in the range of 165-175 in this month expiry. If it breach on any side then adjustments will be made.
Future positions are taken to get 1 point movement in any direction. e.g. for tomorrow I will place a buy order of NTPC Sept future @ 164.8 and a sell order of NTPC Oct future @ 171.5. If any of the order get executed then a new position will be made accordingly.
Aiming to achieve at least 10 points in this expiry. If anybody has any suggestion then you are most welcome.
Thanks
At present my trading capital is Rs 3 lakh and I have following open position:-
1. NTPC 175 CE 1.90 -- SELL
2. NTPC 165 PE 2.20 --SELL
3. NTPC Sept future 165.8 --SHORT
4. NTPC Oct future 170.5-- LONG
Basically first two options position are made on assumption that NTPC will remain in the range of 165-175 in this month expiry. If it breach on any side then adjustments will be made.
Future positions are taken to get 1 point movement in any direction. e.g. for tomorrow I will place a buy order of NTPC Sept future @ 164.8 and a sell order of NTPC Oct future @ 171.5. If any of the order get executed then a new position will be made accordingly.
Aiming to achieve at least 10 points in this expiry. If anybody has any suggestion then you are most welcome.
Thanks