Trading Day 11- 18.08.23 Loss 2000/-

 

Dark Drawdown Phase going on !!

Trade 1-

Bn 43800 44000 spread 1:3 ratio Loss 1k

Bn 43900 44100 spread 1:3 ratio Loss 1k

Closed the system !!

Trading Day 10 -17.08.23 Thursday Loss 23500/-

 

Blown out like a typical newbie.

Trade 1 

Sold Nifty 19500 pe *-20 

Bought 19400*20 

Loss -7000/-

Trade 2-

Nifty triple straddle 

19300,19350,19400 with combined premium of 110

SL hit in 19300 and 19350 when in school and gone another 15k

Last trade at 3.BN 41900 CE at 13 with SL 20.15 LOTS 2700/-

Total Loss 23500/-

This loss has shattered me completely.

Dont know when I will be able to stand myself on my feet.

VERY DEVASTATING DAY.

Reason was nothing as such but just without a plan got butchered badly and position sizing was so bad I cant tell you.

Trading Day 9- 16.08.2023 Wednesday Profit 2200/-

Todays trade-

1)-Banknifty Straddle 15 lots 43800 ce and pe (140 ce &210 pe) SL(175 and 280)

Exited with 1800 profit in 40-50 mins of trading.

2)-BN 43900 CE & 44100 CE RATIO SPREAD OF 5:15

Exited with 500 profit

Profit 2200/-

Fear and boredom sets the mind to divert the smooth sailing ship to divert into different route,just shut it up and dont listen as the mind always plays monkey mind.

We have to earn the maximum juice from our existing trades.
 

Straddle Flowchart -By Jegan

 I was wondering without rules you cannot do anything in market as it keeps you giving you bouncers and you get caught. So its better to have something pre planned to defend yourself or you will keep giving up .

This is a flowchart by famous trader Jegan,who made his capital grown from 3 lacs to 3 crores by getting trained under P.R Sunder and made his way into full time trading.

Trading Day 8 - 14.08.23 Monday Profit 5100/-

How Restless is the Mind?

There was a monkey, restless by his own nature, as all monkeys are. As if that was not enough someone made him drink wine, so that he became still more restless. Then a scorpion stung him.

When a man is stung by a scorpion he jumps about for a whole day, so the poor monkey found his condition worse than ever. To complete his misery a demon entered into him. 

What language can describe the uncontrollable restlessness of that monkey?

The human mind is like that monkey; incessantly active by its own nature, then it becomes drunk with the wine of desire, thus increasing its turbulence. After desire takes possession comes the sting of the scorpion of jealousy of others whose desires meet with fulfilment.

And last of all, the demon of pride takes possession of the mind, making it think itself of all importance. 

How hard to control such a mind.

~ Swami Vivekananda

Trade 1- BN 40000 PE *-5

              BN 43700 PE *5

Debit spread by selling ATM & buying OTM closed at 300 profit as otm was loosing more value than itm even being a monday

Trade 2-Finnifty expiry trade

             15 lots each 19600 STRADDLE at 63 stop loss double on both sides

Also sold 5 lots each OTMs 

Day Closed around 2 o clock as I was not available at System,so jitna mila utna theek !!

Trading Day 7- 10.08.23 Loss 3869/-

Today being weekly expiry and RBI meeting at 10 am,volatality was at its peak.Both side chop chop was going on.

Aim was to earn 10-12k but all went in despair when the price action became out of understanding.

Trade 1 to Trade 10 all orders went in vain and ultimately closed the terminal at 3 with taking loss .

Learnings and Understanding

a) Only focus on the outside boundaries where market is ranging between for example here between 19670 & 19535 future levels it means spot levels will be 19650 & 19500. 

b)Debit spreads anyday are better than credit spreads as they give better decay as higher premium is shorted.

c)Ignore the chart as most expiries are range bound so focus how the options are behaving and choose that strike which is going to be 0.

Trading Day 6- 09.08.23 Wednesday Profit 2727/-

09.08.23 NIFTY Futures

Market opened in yesterdays range on the lower side and broke yesterday low within 15 mins and we were in 19500 ce.Booked early with 2000/- profit.

Tried to go long with shorting Put when nifty spot touched 19500,but market went below and it hit SL.

Following are todays trades-

Trade 1-19500 ce* -4  (Entry 80.90 * 4 exit 72.40) Profit 2000/-

Trade 2-19500 pe* -4 (Entry 56.35 Exit 59.95) Loss 720/-

Trade 3-19500 pe *6 19450 pe * -15 ( Entry 19.85 exit 24.35 )Loss 1687/-

Trade 4- 19500 pe * 5 @63.35 19400 pe * -15 @ 26.10 Basically made a spread with credit of 74.Profit 3100/-

Trade 5- 19500 ce* 5 @ 90.50 19600 ce* -15 @34 .SL hit .Loss 550/-

Net Profit 2727.50

Post trade Analysis -Nifty made a V Shaped recovery which would have made panic in both bears and bulls.

Could have juiced more while market was coming down with a spread of 19500 &19600 ce

While on return journey could have moved  the spread to 19500 19400 to 19600 19500.

Learn buddy Learn.. So that you can Earn.

I know these numbers are very small on a capital of 12 lacs but major aim is not to play with big quantities till I handle the drawdowns.

Trading Day 5- 08.08.2023 Tuesday Loss 2660/-

 Nifty opened in the same range as of yesterday,and as it was Finnifty expiry I concentrated on the same and being volatile as it is.

Traded within position size and did not let the market guide me or deter me with my trading plan.

Trades

1-20000 ce*3,20100 ce*-9 (1:3 ratio credit spread) scatched

2- 20000 ce *-6  (entry 70 exit 75) -1200

3-19900 ce* -5 (entry 165 exit 163) basically scratched 

4- 20000 ce * -4 ( entry 98 exit 110 )-1920

5- 20100 ce * -6 (entry 40 exit 37) +720

6- 20100 ce * -6 (entry 26.70 exit 30) -800

Total expenses -2660/-

One thing realized I had the plan and the guts to trade but my Stop losses were very close as Fin nifty is highly volatile it hit in 5-10 mins instead of nifty which gives a better cushion in terms of  volatality.

Lesson Learned.

One more thing see you are only good in shorting CE's which you have to take the fear out market was down and nifty was whole day red but never market went below 20000 in fin nifty.

Lesson learned be ready to short ce as well as pe.

Trading Day 4- 07.08.23 Monday Profit 500/-

 Honestly it was a no trade day today for me coz of other commitments,but still managed to get half an hour before market closed.

Market opened higher than yesterday and there was an amazing opportunity of going long when price touched yesterday high at 9.35.

The foolish thing I did today was instead of selling 19500 pe I bought 19600 ce .

Trade - 19600ce * 4-Profit 535/-

Trading Day 3- 04.08.23 Loss 130/-

Initial bias was bearish but opposite happens as you trade in Markets. Because markets are the result of people's emotions which are greed and fear.

Trade Log-

Nifty 19500 pe * 4 lots =Result loss of 1100/-

Afternoon trade 

Nifty 19600 ce * 4 lots =Result profit of 1600/-

Took a Banknifty spread which gave 300/- profit and a later scalp of Nifty made it loose so end was  Loss of Rs. 130/-

Capital 12 Lacs which is pledged with a return of 7 %.

Aim is to make 2-3% monthly which is 25k-36k to meet expenses and which I can take out on regular monthly intervals.

No other aim as such.

But mind as usual takes it in a different direction.

From now focus will be on Wednesdays & Thursdays to get 8-10k weekly.

Trading Day 2- 03.08.2023 Profit 4600/-

 Today is Weekly expiry Thursday 

Markets are in bearish tone since monday and yesterday it was 300 points down.

So todays trades were 

Trade 1-19400 ce 19500 ce debit spread in the ratio of 3:9.

Trade 2-44400 ce 44000 pe  debit spread in the ratio of 3:9

Profit earned 4605/-

Capital 12 Lacs

Main aim is to catch intraday moves which can give good amount of profits and compounding of capital.

Problems which are coming in trading are-

1-Fear of trade turning up against and loosing all the profits.

2-Focus is required to catch up trends in a better way.

Strength -

Able to catch the areas where Risk Reward is favourable.