How I performed today?
Positional trading - I started building my portfolio. Today I bought 50 shares on RIL and HDFC bank.
How my monthly option trading progressed
I did adjustment today. I moved down put sell from 10000 to 9800 considering high volatility of market. If market moves up fast, there will be quick loss in time value due to delta and theta. This will be more profitable if market goes up as in this scenario, implied volatility will reduce.
My new positions:
9800 PE Short Quantity 450
9600 PE long Quantity 450
10500 CE short Quantity 450
10800 CE long Quantity 750
Profit made 1000 rs
Plan for tomorrow : I will buy Nifty once it brakes today's high in spot. Market should move up in second half.
I traded not as per my plan. This is crime for a trader.
Market never forgives undisciplined trader.
How my daily trading on BNF
I did well initially. I sold 23800 PE and 25000 PE and booked profit 3278.
However, I did speculative trading. I sold 24700 CE and bought 24800 CE. This position is in loss of around 5000.
This is a bad trading as astrologically BNF expected to bounce back in second half.
Will take a long position in BNF or short double the number of put short or sell more OTM calls.
This option sell position will be benefited once market did mean reversion in volatility.
Plan for tomorrow
Market made a good recovery today and volatility crashed at some time in second half.
My stock pics for tomorrow
1. Ambuja cement
2. Reliance capital
3. Gail
4. TataChemical
After market update
As per my astrological calculation market showed signs of recovery in second half but bulls failed to maintain the gain.
Stocks
Intraday order
Tatachemical 600
Ambuja cement (256)
Gail (91)
Profit after brokerage and taxes (47)
Positional order
Reliance capital - Target to exit with 2 % profit and will do once average if it goes down
BNF
Today I created credit spread in both sides and made profit.
Total profit considering yesterday'as losing position (3448)
Now I have no open position in BNF
Nifty
Long with two nifty with 10200 put hedge. I put SL 1.5 ATR considering high volatility in market.
Closed 10500 CE short and 10800 CE long position considering high volatility in market. This is good time to trade in cash with small positions.
I am adopting trend follow with hedged position to avoid big loss and it will also restrict big profit for me.
Positional trading - I started building my portfolio. Today I bought 50 shares on RIL and HDFC bank.
How my monthly option trading progressed
I did adjustment today. I moved down put sell from 10000 to 9800 considering high volatility of market. If market moves up fast, there will be quick loss in time value due to delta and theta. This will be more profitable if market goes up as in this scenario, implied volatility will reduce.
My new positions:
9800 PE Short Quantity 450
9600 PE long Quantity 450
10500 CE short Quantity 450
10800 CE long Quantity 750
Profit made 1000 rs
Plan for tomorrow : I will buy Nifty once it brakes today's high in spot. Market should move up in second half.
I traded not as per my plan. This is crime for a trader.
Market never forgives undisciplined trader.
How my daily trading on BNF
I did well initially. I sold 23800 PE and 25000 PE and booked profit 3278.
However, I did speculative trading. I sold 24700 CE and bought 24800 CE. This position is in loss of around 5000.
This is a bad trading as astrologically BNF expected to bounce back in second half.
Will take a long position in BNF or short double the number of put short or sell more OTM calls.
This option sell position will be benefited once market did mean reversion in volatility.
Plan for tomorrow
Market made a good recovery today and volatility crashed at some time in second half.
My stock pics for tomorrow
1. Ambuja cement
2. Reliance capital
3. Gail
4. TataChemical
After market update
As per my astrological calculation market showed signs of recovery in second half but bulls failed to maintain the gain.
Stocks
Intraday order
Tatachemical 600
Ambuja cement (256)
Gail (91)
Profit after brokerage and taxes (47)
Positional order
Reliance capital - Target to exit with 2 % profit and will do once average if it goes down
BNF
Today I created credit spread in both sides and made profit.
Total profit considering yesterday'as losing position (3448)
Now I have no open position in BNF
Nifty
Long with two nifty with 10200 put hedge. I put SL 1.5 ATR considering high volatility in market.
Closed 10500 CE short and 10800 CE long position considering high volatility in market. This is good time to trade in cash with small positions.
I am adopting trend follow with hedged position to avoid big loss and it will also restrict big profit for me.
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