My first Option recommendation for today
Buy 2 lot of Put 4800 @ 170 for a target of 190 with stop loss 160
always be safe do not jump with all your money
Option trading is very risky and we need to be careful, till now we have not reached at our buying level so wait till our position of buying come.
Target has changed now, buy at 179.oo for 10 point gain.
ReplyDeleteOur option is being traded at 182 now.
ReplyDeleteBuy two more lot of option @ 179 again.
ReplyDeleteOur total position now is 4 lot @ 179.00
Wait to break 4740 level and bears will rule the market for next 2 hours
ReplyDeletebook part profit for 2 lot and improve stop loss to 185.00
ReplyDeleteStop loss triggered, I will give next call if found some opportunity. keep reading
ReplyDeleteEurope future has jumped suddenly which causes our market to gain some point. Till now sentiment is negative wait for confirmation of trend.
ReplyDeletePlace order to buy put of 4800 @ 165.00
ReplyDeleteOur order executed @ 165.00, not put stop loss of 160.00. Keep improving stop loss, as we have already make profit today and we can trade with cool mind now.
ReplyDeleteimprove stop loss to 170.00 now
ReplyDeleteImprove stop loss to 195.00 now
ReplyDeleteBE READY to squire off all short position once Nifty break 4700 level, brave heart trader may keep improving stoploss
ReplyDeleteI prefer to book all profit before EOD and I will close all my calls for the day.
Happy Trading
Nifty is just about to break 4700 now
ReplyDeleteI book my profit at 200.oo
ReplyDeletebye for the day
happy trading
total profit for the day
ReplyDeleteFirst Trade: 190 - 179 = 11 for two lot and
185 (as SL hit) - 179 = 6 for rest two lot = 1100+600 = 1700
second trade: 200 - 165 = 35 for two lot = 3500.00
Total = 5200.00 (Do less brokarage charges)
My first day of live trading was really sweet
Learning: I often avoid second trading, however always keep myself open for such opportunity as today.
ReplyDeleteI always advise others to use only 30% to 40% of total funds available,
Third trade is strictly no no from side.
Though I squire off all my position same day, still open for carry forward my position if opportunity and risk reward ratio is moderate.