Augubhai's diary and notes

[Ajit57]

do baj gaya re... where is the move?

looks more downward !!!

 

[augubhai]

Reentered Nilu system long. NF bought at 5406, , 5400 put bought at 28.5

 

[augubhai]

Not that I use these indicators, but they are good for post-mortems.

Post-mortems of charts are fun. They make you seem intelligent, when you are really not.

 

[Ajit57]

NF intraday trades:

1. short 5392, exit 5395 = -3
2. long 5396, exit 5394 = -2
3. long 5402, exit 5400 = -2
4. short 5389, exit 5391 = -2
5. long 5396, exit 5392 = -4

Brokerage of 2 points per trade not deducted.

Don't you consider STT, and other taxes in those 2 points ... I mean actually the brokerage in each transaction should be around 3.5 to 4 points considering STT, etc... Isn't it ???

 

[mkbsiva]

Don't you consider STT, and other taxes in those 2 points ... I mean actually the brokerage in each transaction should be around 3.5 to 4 points considering STT, etc... Isn't it ???

Stamp duty to be included...

Stamp duty is charged at 0.01% or Rs. 50 per contract note... whichever is lower.

 

[Ajit57]

Stamp duty to be included...

Stamp duty is charged at 0.01% or Rs. 50 per contract note... whichever is lower.

That is correct for lot of 50, but for MNF its 20 lot ... that's why i asked !!!

 

[augubhai]

Nilu system longs closed today. NF sold at 5363, 5400 Put sold at 46.

The longs should have been reversed to shorts yesterday, but I did not trade yesterday. Was travelling.

 

[augubhai]

NF intraday trades:

1. short 5355,

Brokerage of 2 points per trade not deducted.

 

[augubhai]

Don't you consider STT, and other taxes in those 2 points ... I mean actually the brokerage in each transaction should be around 3.5 to 4 points considering STT, etc... Isn't it ???

Ajit,

I am currently trading only 1 lot of NF. The cost - brokerage, STT, et. al - comes to approx. 2.5 points (3.5 for the first lot if I add Stamp Duty). Earlier, when I was trading multiple lots it was less that 2 points

 

[augubhai]

The Scratch Plan

On Friday, I tried to scratch losing trades. I considered a -2 points as a scratch trade. By that definition, I was able to scratch 3 of the 5 trades taken on Friday.

Today, I want to scratch more aggressively :rofl: I have defined my scratch point as +2 points.