TradeBlog

Failed Trade in BANKNIFTY(Options) Long Details: After many failed attempts I though of going long in option seeing some of the options for last week closing at 700 and 600, Maybe I could make money in long term. Which turned out to be a bad idea. I lost entire capital in this trade. Bought banknifty call of 37300 for 380 and it never went above this the entire week and I did not cut it hoping it will go up some day later. In the expiry the option came at 10 paisa and 5600 buck capital was entirely lost. First Stock: HDFC Bought one stock of HDFC by the remaining capital at 1588. Till the day it is decaying but I am thinking of holding it for long. Conclusion: Never go long in option. It decays always.  Trade using a stop loss order. Trade rules: No rules as this was an experiment. Learning:  Always plan your trade and then trade your plan. Lusk never works in market. Thanks :)

Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was mostly trending up. Still could not get any money out of the market. Today again I lost another 800 bucks in trade.  MARKET OVERALL TODAY: Choosing the money to invest: In the money. OPTIONS: First Lot: 12 point profit.  BANKNIFTY 36500 CE Bought at 141 and sold at 153. Made some profit here. This was within one 5 min candle only so I was able to make some profit. Which was best I could have got from this trade as after I got out price went down for a while. Learning:  No strategy but still got out within the 5 min candle and made some profit of 300. Second Lot: 51 point loss.  BANKNIFTY  36700 PE Entered from PE seeing the market going down and lost a lot in this trade. Entered at 126 and was out at 75. Which was partially a good decision as after that this PE kept going down. Learning:  Get out at SL. Third Lot: 13 point profit.  BANKNIFTY 36700 PE Choosing the same PE again got some money out of this but not what was ex

Today's Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was trending up for fist hour, then it was almost trending down. Today I lost another 1000 bucks in trade. It is somewhat tiring but still have to see where I am missing out and others are catching up. MARKET OVERALL TODAY: Choosing the money to invest: Tried to keep it In the money but due to less fund had to go way out of the money so that I can afford the trade. OPTIONS: First Lot: 3 point profit.  BANKNIFTY 36900 CE Bought at 157 and sold at 160 with a minimal profit of 60 rs as market was not stable and fear of loosing money got me out within 4 min. Learning:  No strategy, only feelings. Second Lot: 24 point loss.  BANKNIFTY  36500 PE Entered into PE as soon as I was out of CE. Entered at 138 and got out as SL was hit at 114. Lost 600 bucks. Learning:  Have too work on my strategy. Third Lot: 6 point profit.  BANKNIFTY 36600 PE Choosing PE again as market was falling, got in at 114 and was out at 120. Learning