Trading for Living -- Successfully Completed one year as Full Time Trader

[amrutham]

But amrutham.. as per trades, we know the maximum debit amount at any level, I feel even if goes in opposite direction of our position, we can hedge it through some other if we have capital

Yeah. Loss can be reduced in most of the cases.

 

[amrutham]

Below is the expiry day trade taken.

Buy BN 26200 PE 600 Qty @ 38
Sell BN 26100 PE 1200 Qty @ 14
Buy BN 26000 PE 600 Qty @ 5

Net debit = 38+5-28 = 15*600 = 9K

Closed this position.

BN 26200 PE 600 Qty @ 81
BN 26100 PE 1200 Qty @ 31
BN 26000 PE 600 Qty @ 10

Credit = 81+10-62 = 29*600 = 17.4K

Net Profit = 8.4K

 

[anildnr]

Closed this position.

BN 26200 PE 600 Qty @ 81
BN 26100 PE 1200 Qty @ 31
BN 26000 PE 600 Qty @ 10

Credit = 81+10-62 = 29*600 = 17.4K

Net Profit = 8.4K

Hi Amrutham, while placing the orders, do you keep market orders? why I am asking is there is diff b/n bid and offer prices for ITM

 

[amrutham]

Hi Amrutham, while placing the orders, do you keep market orders? why I am asking is there is diff b/n bid and offer prices for ITM

If the position is deep ITM then, spread will be high and I always go for limit order. In this case, if the position size is large, I always reduce it step by step.

 

[amrutham]

Shorted 1 lot of 10PE. Will buy shares ( 28000 Qty) if it closes below 10 by expiry.

What a rally in Rcom. Its 50% up today.

 

[jagankris]

What a rally in Rcom. Its 50% up today.

I hinted you but didn't wanted to influence your thought process so kept silent.
All time low timed with bad news so thought it is a good buy.

Ps - Fundamentally very poor stock.

 

[amrutham]

I hinted you but didn't wanted to influence your thought process so kept silent.
All time low timed with bad news so thought it is a good buy.

Ps - Fundamentally very poor stock.

10 is turning out to be solid support for this stock. Lets see if I can get one more chance.

This can be a very risky investment. It can either double or become 0 in the next one year.

 

[amrutham]

Made below adjustment.

Sell BN 26300 CE 200 Qty @ 35. This is a hedge for above butterfly.

Credit = 7K

Net debit = 11 -7 = 4K

Closed this position along with original butterfly.

Net loss = 4K

 

[anildnr]

Closed this position along with original butterfly.

Net loss = 4K

hi which position u have closed?? can u post original position?

 

[amrutham]

hi which position u have closed?? can u post original position?

This was the original position and the adjustment made.

Entered into below BN position for tomorrows expiry.

Buy BN 26500 PE 600 Qty @ 148
Sell BN 26400 PE 1200 Qty @ 94
Buy BN 26300 PE 600 Qty @ 58

Net debit = 148+58 - 188 = 18*600 = 11 K

Max loss = 11 K

Made below adjustment.

Sell BN 26300 CE 200 Qty @ 35. This is a hedge for above butterfly.

Credit = 7K

Net debit = 11 -7 = 4K