Panda among bears and bulls

[manoranjan panda]

Panda move number Ten
Sold Nifty PE 2700 Nov @138.50 Time:1430, 21-11-08, 3 Lots
Expected Loss (including brokerage)= Rupees 6600
-Panda

 

[manoranjan panda]

Panda move number 11 (a) and 11 (b)

a) Buy Nifty PE 2500 Dec @158.9 Time:14:41, 21-11-08, 1 lot
Breakeven, including brokerage is at 162.4.
b) Buy Nifty CE 2600 Dec @239.7 Time:14:39, 21-11-08, 1 lot
Breakeven, including brokerage is at 244.2.
This trade represents a change in strategy for me. Till now my trades were intraday. In this trade, I am unlikely to close my position till Nifty touches 2350 or 2850.
-Panda

@Andy GP
Thank you for the tip. Yes, Nov trades are now risky for a player like me. As for profits, I am still in the black, though Trade number Ten has eaten over half of my accumulated profits.

 

[devangan123]

Panda move number Ten
Sold Nifty PE 2700 Nov @138.50 Time:1430, 21-11-08, 3 Lots
Expected Loss (including brokerage)= Rupees 6600
-Panda

You and me shared something same type of luck today , I earned RS.13,000 in a approx 9-10 scalping trades since morning than lost 12800 in last 2 trades , I did a very bad management today ,

Sorry for off topic , but angry from myself for such a bad money management so just to take out frustration posting here

 

[uasish]

OK ,move NO. 10 is a PAST now,let us move on.

 

[manoranjan panda]

Trade file attached.

 

[terminator_123]

Nice moves panda.. Any reason why most of your trades are in the afternoon ?

 

[manoranjan panda]

Nice moves panda.. Any reason why most of your trades are in the afternoon ?

..As I find it easier to "see" the trend then.

 

[manoranjan panda]

Panda move number 11(b)
Sold Nifty CE 2600 Dec @266.80 Time:1012, 24-11-08, 1 Lot
Expected Profit (including brokerage)= Rupees 1100
-Panda

 

[manoranjan panda]

Panda move number 12

Buy Nifty CE 2700 Nov @ 93 Time:10:21, 24-11-08, 3 lots
Breakeven, including brokerage is at 97.5.

Sold Nifty CE 2700 Nov @ 84.1 Time:10:51, 24-11-08, 3 lots
Expected Loss (including brokerage)= Rupees 1700

 

[manoranjan panda]

Panda move number 13

Buy Nifty PE 2500 Dec @127 Time:10:53, 24-11-08, 2 lots
Breakeven, including brokerage is at 131.5
This, along with trade number 11 (a), increases my exposure to 3 lots in
this option

-Panda