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

[amrutham]

I wonder what you do for entire day ? Will you monitor positions each minute and adjust ,, you have multiple charts open and react to each move. I had lost good chunk of money due to my over reaction and reacting to charts movement. Would love to hear opinion from full time traders like your on your day to day schedule and what you do during market hours

Normally I spend 9 AM- 3:30 PM keeping an eye on index levels and adjust my positions only if the index is moving out of my expected range.

I do not use any charts and its only weekly support and resistance levels.

When market is very dull, I watch couple of movies on amazon prime/netflix, checking index levels in between.

 

[superman]

Has anybody used cleartax tax filing plan(priced at 6.5K) for derivative traders where tax audit is required?

https://cleartax.in/services/f-and-o-traders-e-filing-/p

If yes, could you please provide feedback on this plan?

It does not include audit charges If I am not wrong. Its only maintaining the books and filling ITR3 but you need to pay extra for audits , and extra for digital sign certificate i guess.

 

[amrutham]

It does not include audit charges If I am not wrong. Its only maintaining the books and filling ITR3 but you need to pay extra for audits , and extra for digital sign certificate i guess.

Audit charges and DSC charges are extra. Not sure how much they are going to be.

Bought this plan at Rs 5753 including GST. Tomorrow they are going to assign a CA I guess.

 

[sreperu]

The range appears to BIG.

Keeping BNF movement in mind, I took this range.

 

[sreperu]

Audit charges and DSC charges are extra. Not sure how much they are going to be.

Bought this plan at Rs 5753 including GST. Tomorrow they are going to assign a CA I guess.

Please share your reviews later...

 

[amrutham]

Please share your reviews later...

Sure. Will share the complete details. Yesterday a CA was assigned to me and yet to discuss the things with him.

 

[amrutham]

Entered into below stock option positions for July expiry.

Sell TataMotors 270 PE 1500 Qty @ 5
Sell PNB 70 PE 5500 Qty @ 1.2

Net credit = around 14K

Closed PNB 70 PE @ 0.1

Moved TataMotors July 270 [email protected] to TataMotors Aug 250 [email protected]

Net debit = around 500

 

[amrutham]

Entered into below BN butterfly for July expiry.

BN spot @ 27075

Buy BN 27100 CE 600 Qty @ 148
Sell BN 27200 CE 1200 Qty @ 103
Buy BN 27300 CE 600 Qty @ 70

Net debit = 148 + 70 -206 = 12*600 = 7.2K

 

[varesh.et]

Friends, what are good books, sites, blogs etc to read and understand Option strategies. Also can you please share good sites to screen and build option strategies.

 

[mycall]

Friends, what are good books, sites, blogs etc to read and understand Option strategies. Also can you please share good sites to screen and build option strategies.

Please learn about options first... can use following two sites to gain knowledge about options
https://www.investopedia.com/university/options/
https://zerodha.com/varsity/module/option-theory/

Once you have some insights then you can start exploring different strategies