Trading Plans.....Open to All

[mrktmstr]

Entered Fresh Long in BNF @ 19320,SL @ 19016 .Partial Profit Booking @ 19735
Entered Fresh Long in NF @ 8524,SL @ 8417 .Partial Profit Booking @ 8670

Trade Plans for 8th Nov 2016:thumb:

NiftyFuture: Fresh Selling below 8454,SL @ 8586 ,1st Target @ 8307
BankNifty Future: Fresh Selling below 19200,SL @ 19515 ,1st target @ 18766

 

[mrktmstr]

Entered Fresh Long in BNF @ 19320,SL @ 19366 .Partial Profit Booking @ 19735
Entered Fresh Long in NF @ 8524,SL @ 8501 .Partial Profit Booking @ 8670

Trade Plans for 9th Nov 2016:thumb:

NiftyFuture: Fresh Selling below 8501,SL @ 8608 ,1st Target @ 8356
BankNifty Future: Fresh Selling below 19366,SL @ 19681 ,1st target @ 18931

 

[suktam]

Hi
What to do today ???
Such unexpected things happen rarely... so keep it up

 

[mrktmstr]

Till Yesterday ,I was always tempted on the additional Margin Kept in my Trading account...(Roughly more than 1 lakh out of 3.5 Lakh)

But Yesterday i realised the real worth of that money....

When Nifty tanked 500 points yesterday...my real mtm loss was more than 2 lakh.....I applied some hedging strategy using PUT options to save further loss and when market recovered....EOD i closed my positions in NF @ 87 point loss per lot and BNF @ 23 Points profit per lot

Now Positions Nil as of yesterday close

Trade Plan for 10th Nov 2016
Nifty Future:Buy above 8531,sell below 8395
BankNifty Future: Buy above 19773,sell below 19394

 

[mrktmstr]

Entered Fresh Long in NF @ 8532,SL @ 8482 .Partial Profit Booking @ 8681

Trade Plans for 11th Nov 2016:thumb:

NiftyFuture: Fresh Selling below 8482,SL @ 8597 ,1st Target @ 8327
BankNifty Future: Sell below 20005 OR Buy above 20518

 

[mrktmstr]

Entered Fresh Long in NF @ 8532,SL @ 8482 .Partial Profit Booking @ 8681

Trade Plans for 11th Nov 2016:thumb:

NiftyFuture: Fresh Selling below 8482,SL @ 8597 ,1st Target @ 8327
BankNifty Future: Sell below 20005 OR Buy above 20518

Suffered loss in NF of nearly 56 Points Per Lot (Even after doing Hedging)
Missed Short Trade Entry.........
Entered BankNifty Futures Short @ 20004....Partial Profit Booking @ 19436...Stoploss @ 20119

 

[suktam]

Hi
As per today gap down you square up your positions at open rate or wait for market stable ??? I also want to hedge position as a example if system say buy then buy future lot and sell OTM CALL minimum 250 to 300 points away... same system say sell then short OTM PUT for hedge... give your views...
Regards....

 

[mrktmstr]

Entered BankNifty Futures Short @ 20004 on 11th Nov 2016....Partial Profit Booked @ 19436...Stoploss @ 19636
Trade Plans for 16th Nov 2016:thumb:
NiftyFuture:Fresh Buying above 8233,SL @ 8080...Partial profit Booking @ 8442
BankNiftyFuture:Fresh Buying above 19636,SL @ 19188

 

[mrktmstr]

Hi
As per today gap down you square up your positions at open rate or wait for market stable ??? I also want to hedge position as a example if system say buy then buy future lot and sell OTM CALL minimum 250 to 300 points away... same system say sell then short OTM PUT for hedge... give your views...
Regards....

In times of Panic,we do according to our spontaneous intution,without analysing the pros and cons.As an amateur i also did some hedging with the thought of index gaining back and it worked only to some extent.But the hedging costed me more .several option were there,but didnt noticed by me.

Now onwards,i decided to make sure of the Trade Plan to be executed in case of panic situations which is beyond our control

 

[NoviceStockTrader]

In times of Panic,we do according to our spontaneous intution,without analysing the pros and cons.As an amateur i also did some hedging with the thought of index gaining back and it worked only to some extent.But the hedging costed me more .several option were there,but didnt noticed by me.

Now onwards,i decided to make sure of the Trade Plan to be executed in case of panic situations which is beyond our control

Sir, The best solution is not to carry trades over night. The second option is to trade options for carry over trades. So even if something goes wrong your losses are limited to the premiums paid. In futures however, the losses can be huge till margin calls get triggered.

Just one question... When you were looking at 500 point loss, why did you hold it? Thankfully it recovered and you minimized your losses. What would you have done if market fell 1000 points? I'm just trying to understand your trading psychology. I am new in the market so asking.