Regular Income From Markets. Risk Free. Takes no Time

[jamit_05]

Current Status.

See attachment for current status of the account.

 

[jamit_05]

i hope you changed your SL or booked

Booked profit... 21% Do not want more from life

 

[ravinder0509]

good thinking on your part to take advantage of RBI policy announcement and get into a trade even after booking a loss of 39% shows your character as a trader....great trade....lesser mortal like us mostly freeze and go into prayer mode and ultimately make big losses.

Good going Jamit, you are really doing a great job.

Thanks
Ravinder

 

[jamit_05]

Entered one more trade... quite a lot of work.... no wonder Mondays are not popular

5200 CE 25.05
5000 PE 42.10

Total Cost 67.15;

Keeping the Rupee value of investment constant

 

[jamit_05]

good thinking on your part to take advantage of RBI policy announcement and get into a trade even after booking a loss of 39% shows your character as a trader....great trade....lesser mortal like us mostly freeze and go into prayer mode and ultimately make big losses.

Good going Jamit, you are really doing a great job.

Thanks
Ravinder

Trick, sirji, is in Position Sizing :clapping:

 

[ravinder0509]

Please explain the funda of position sizing...how u decide how many lots of call or puts you have to take...do you take equal number of lots or equal value of money allotted to both calls or puts...please take time and explain.

Thanks in advance
Ravinder

 

[veeemkay]

Do you mean, sell in the morning and buy EOD?

Yes. But depending on the nifty level, the difference in strikes in only 100 or sell at the same strike.

 

[jamit_05]

Position Sizing.

Please explain the funda of position sizing...how u decide how many lots of call or puts you have to take...do you take equal number of lots or equal value of money allotted to both calls or puts...please take time and explain.

Thanks in advance
Ravinder

Equal value of Money allotted in every trade.

If I buy 200 units of CE and 200 PE for a total cost of Rs.150.... then my investment is Rs.30000;

Now, I should keep Rs.30000 as investment constant for all trades. So now if my total cost of pair is Rs.50.... how many units should i buy?

 

[ravinder0509]

600 pe and 600 ce

 

[jamit_05]

Performance Report

More profit taken... tad bit early. You all know why