Scaling Up Your Trading Business

Nikhil Dogra

Well-Known Member
#71
Here is how today panned out
View attachment 22676



Preparation for 4th Oct 2017 :-

Volume profile based on previous month
(I am experimenting with it)
View attachment 22677

Big Picture -

Value Area High - 9989
Average Value Level - 9903
Value Area Low - 9820
Above Value Area High We Can Test 10092
Below Value Area Low We Can Test 9745


EOD Homework:-


Pivot is 9867
Above pivot market can potentially trade at 9896/9911/9931
Below pivot market can potentially trade at 9838/9822/9803

View attachment 22679
Here is how today panned out
Performance.png



EOD Homework:-
Pivot is 9945

Above pivot we can trade at 9954/9979/10011
Below pivot we can trade at 9860/9835/9803

EOD HW.png
 

Nikhil Dogra

Well-Known Member
#72
Here is the overview of my execution strategies.

Strategies -

  1. Writing Bi-Weekly Bank Nifty Option Spread (Relative Value Arbitrage Positional Hold)
  2. Nifty Option Spread (Relative Value Arbitrage Intra Day)
  3. Nifty Option Writing (Directional Intra Day)
I have decided to execute short trade through long put option/short call option & long trade through long call option/short put option (depending upon our analysis on VIX) to save time i.e i trade my core family a/c also so i have to focus on that a/c as well. Anyways here is the FINAL blueprint:-
  • Account Size - INR 100000
  • Margin Account - INR 60000
  • Money Management - INR 40000 (In Liquid Debt Funds)
  • Maximum Position Size - 3 Lots or 225 Shares*
  • Risk Per Day - INR 2000 or 2% (Upon Which Trading Will Cease For Remainder Of Day)
  • Risk Per Week - INR 6000 or 6% (Upon Which Trading Will Cease For Remainder Of Week)
  • Risk Per Month - INR 12000 or 12% (Upon Which Trading Will Cease For Remainder Of Month)
  • Risk Per Quarter - INR 24000 or 24% (Upon Which Trading Will Cease For Remainder Of Quarter)
  • Max Risk - INR 36000 or 36% (Upon Which Trading Will Cease For This Strategy)


*
3Lots or 225Shares-
3 Setups i.e. 1 Lot or 75 Share Per Setup
Dynamic Probabilistic Sizing - 3 Lot or 225 Share When All Setups "Align"
 
Last edited:

Nikhil Dogra

Well-Known Member
#73
I have decided to execute short trade through long put option/short call option & long trade through long call option/short put option (depending upon our analysis on VIX) to save time i.e i trade my core family a/c also so i have to focus on that a/c as well. Anyways here is the FINAL blueprint:-
  • Account Size - INR 100000
  • Margin Account - INR 60000
  • Money Management - INR 40000 (In Liquid Debt Funds)


*
3Lots or 225Shares-
3 Setups i.e. 1 Lot or 75 Share Per Setup
Dynamic Probabilistic Sizing - 3 Lot or 225 Share When All Setups "Align"

I have requested for payout of INR 10000 from my trading a/c in order to make my trading a/c INR 60000 (If you recall it was INR 70000)
So INR 10000 which i will receive will be deployed in liquid funds. I have transacted INR 30000 in liquid funds today.

Fincash.png


Fincash 2.png




Trading perspective today was a okay day

P$L.png
 

Nikhil Dogra

Well-Known Member
#74
Here is how the i traded today -
Trade.png


Total Trades (As per System) - 7
Winning Trades - 5
Losing Trades - 2
Win Rate - 71.4%
Shares Transacted - 675 or 9 Lots (1 trade had double the size)

Here comes the part - If you observe systematically 9 Lots needed to get transacted BUT if you see the screenshot of "Net Position" total transacted shares are 2025Lots or 27Lots! This is how i am losing money by overtrading within a trade i.e. if i have a position on, instead of holding it till completion , i buy 1rs below & sell 1rs above and this cause overtrading & skewed risk reward on those "scalps" 1rs risk for 0.5 reward! I am very passionate about trading and most people suffer anxiousness in execution whereas i enjoy it BUT it results in overtrading. If i conquer it i can be among the worlds best , humbly speaking offcourse.
 

Nikhil Dogra

Well-Known Member
#75
EOD Homework -

Pivot is 9915
Above pivot we can trade at 9963/9982/10006
Below pivot we can trade at 9895/9875/9850

EOD.png
 

msa5678

Well-Known Member
#76
I have requested for payout of INR 10000 from my trading a/c in order to make my trading a/c INR 60000 (If you recall it was INR 70000)
So INR 10000 which i will receive will be deployed in liquid funds. I have transacted INR 30000 in liquid funds today.

View attachment 22717

View attachment 22718



Trading perspective today was a okay day

View attachment 22719
Any particular reason for opting the liquid funds having yearly CAGR ranging between 6.5 to 6.8, whereas other funds like ICICI PRU SAVINGS FUND have annual CAGR above 8.5.

Sent from my SM-G610F using Tapatalk
 

Nikhil Dogra

Well-Known Member
#77
Yes the reason is that it is alternative to bank & not meant as investment in traditional self. I mean i would rather aim for 6% and be happy when it returns 8% rather than aim for 8% returns & get depressed seeing 7% :)


:greedy:Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs. :confused:
 
Last edited:

copypasteaee

Humbled by Markets
#78
You are trading too much and profits are small in comparison. At how many points you break up in options?
 

copypasteaee

Humbled by Markets
#79

Nikhil Dogra

Well-Known Member
#80

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?