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.
No comments:
Post a Comment