NIFTY ended the month with a bang.
This is one picture which tells us only half the story.
Nifty had closed at 10779.80 on December 27, 2018 ( Expiry). In 25 trading days it has moved up by a mere 51.15 points . But the noise on business channels would lead you to believe as if some all time high has been achieved .
We continue to remain in doldrums.
33 stocks out of 50 in NIFTY ended negative over 30 day period in spite of the 180 point gain today. To me this is a sure sign of continued weakness and the Union Budget tomorrow may do nothing to change this.
Our Trades in January Expiry:
After a flat November and losing December we were looking for some decent gains in January. Thankfully the market obliged. We had a total of 15 traded contracts this month. There were 13 PUTS and 2 CALLS. Out of these 15 trades , 10 proved to be right. This rate of success is very high and should not be expected on a regular basis .
This was the position after closing all the positions .
And there were missed opportunities like ASHOKLEY and MARUTI trades which were not considered.
Well, we can not win them all. We take what the market gives.
The Journey So Far:
Option Buying journey commenced from May 2018 Expiry. We complete 9 months today. This journey into the unknown territory has been a profitable adventure so far with moments of agony and exhilaration strung across the route.
Number of Months —- 9
Losing Months ——— 2
Gaining Months ——– 7
Total Contracts Traded — 126
Wrong Trades ————- 77
Right Trades —————- 49
These trades over 9 months ( less than 1 trade per day ) have resulted into a profit of Rs. 721833.
We shall continue with the same method again.
After all the success in trading comes from belief in your methods, knowing your trades and knowing yourself as a trader.
I thank all the readers for their support at all times.
Keep visiting these pages. Keep trading cautiously and profitably.
All the best.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.
Comments
A.Anand January 31, 2019 at 8:34 pm
Excellent
ReplyPranav Jaiswal January 31, 2019 at 11:52 pm
Great round-up! eagerly looking forward to feb series.
ReplySanjay February 1, 2019 at 5:30 am
That’s very nice sir, keeping things simple yet efficient,you did a great job,too curious and eagerly waiting to meet you at Delhi Meetup.
Replyvishal agarwal February 1, 2019 at 8:49 am
I am also looking forward to meet Sir and fellow readers on Sun.
Replyadmin February 1, 2019 at 9:04 am
Looking forward to the session at Delhi.
ReplyCheers.
Arjun February 1, 2019 at 8:53 am
Sir
ReplyI want to know the method.
Plz let me know
Anand February 1, 2019 at 8:56 am
Congrats to all fellow traders in this forum. This is our first profitable month in the three months of our journey. Feels good. Hope to see many more of this kind.
Sir,
No trades today?
Replyadmin February 1, 2019 at 9:03 am
Post for today is published just now.
ReplyMahesh Shastri February 1, 2019 at 9:12 am
Excellent! Simple strategy and profitable too.
ReplyKV Rao February 1, 2019 at 7:08 pm
We could have ended INFY Call 740 also in Profit if we have not closed it against your Rules !
Reply(INFY Closed at 749.55)
admin February 1, 2019 at 7:14 pm
Surely you are right.
ReplyBut we are all human and prone to make mistakes even if we made the rules. It is easy to break the rules when one is already in profit.
Fear and greed get the better of us at times.
Cheers.