Long 10 years: Finally started Diary

[jassinko]

U r absolutely right happy ji.......but for me hedge means if SL hit after 2-3 days, my loss will be reduced ........... also, i will loose my put if breakdown happen.........i find it easy to leave position compared to adding into NF.....

and finally, i m relaxed after hedging....though not 100% safe but still risk reduce by 50%........i m thinking to use covered call/put till i m not comfortable with my system.......

This is my 13th attempt to mkt so want to play safe and as ST da says.....if u earn 150-200 points consistently every month, it will help u increase ur lots every quarter and in few yrs......it will be huge capital.......

 

[jassinko]

1. Shorted NF at 7597 and 7600 put at 117 as a hedge........ Sl will be sustaining above 7620.......

2. Since 150 is a major resistance for powergrid, took 150 call at 3.4.... unhedge for time being


jassi

1. Sl revised to NS of 7580 above if sustain.....was getting 35 points but my tgt is quite far.....might leave 7600 put if it sustain below 7480......lets see

2. My Sl for powerrid was sustaining above 150 and it tried so i think....again 1.2 point will be gone but thankfully it didnt sustain........ now waiting for tgt with same SL

 

[jassinko]

the fall was so sudden that i didnt get chance to exit my 7600 put at 7480....... but at 7450, i m not much comfortable leaving unhedge position and that too near day end so exiting my both positions with almost 60 points profit per lot ............:clap::clap:

and powergrid position is also in 1 point profit but will take full 3.45 points till feb end.....hope so......

 

[jassinko]

Nifty further crashed and touched my expected tgt of 7480 but left position as was not comfortable.......... anyways now will wait for another trade

but i noticed that when i started paper trading....i was able to take a quick decision and hold my posiiton till SL or tgt but now its just third month started...and i m becoming risk averse to some extent.........

though its all paper trade.......

yes i earned 60 points and risk was 30 points...so R:R is good but since i m swing trading....i should have holded till full trend..... learning bits and tits......lets see

 

[jassinko]

missed a swing short due to business in day job and now today got an opportunity for buy........

so buying NF at 7148 and shorting 7100 call at 143 as a hedge......SL will be sustaining below 7110.......

risking 20-30 points for 45-55 points......... lets see

jassi

 

[jassinko]

missed a swing short due to business in day job and now today got an opportunity for buy........

so buying NF at 7148 and shorting 7100 call at 143 as a hedge......SL will be sustaining below 7110.......

risking 20-30 points for 45-55 points......... lets see

jassi

SL hit..........

didnt expected SL hit in less than 1 hr..........lost 18 points.......

will wait for next set-up

 

[jassinko]

Good put writing at 7000 suggest it will hold for now so shorting 7100 pair at 288 credit............lets see

 

[Baker1991]

Actually dairy helps to maintain schedule and keeps all the records neat and clean. So that when needed can get those easily.

 

[jassinko]

Actually dairy helps to maintain schedule and keeps all the records neat and clean. So that when needed can get those easily.

u r rt.....but i m confused by your post.....r u suggesting my diary writing in this way is not right???

 

[jassinko]

Good put writing at 7000 suggest it will hold for now so shorting 7100 pair at 288 credit............lets see

my SL is 25 points.... and tgt is 75 points by next tuesday(23 feb)....

though leaving 7100 call at 45 was very tempting but hedging is utmost important for me....dont know till what rate it will fall........though OI chain suggesting bounce is on way till 7150......lets see

if again touch 6870....i might exit from my position.....similarly if sustain above 7260.....i might exit there as well.......