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Alchemist's ADD strategy - experiment on Nifty Options |
macharekar
White Belt
Joined: 07 Mar 2010
Posts: 5
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Post: #316  Posted: Mon Mar 28, 2016 3:43 pm Post subject: |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #317 Posted: Tue Mar 29, 2016 8:48 am Post subject: |
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| Alchemist wrote: | starting from today.
Buy 7600 PE (march) at 34 now ...... SL 10 ... targets 75 and 150
Cheers
SH |
7600PE Mar ? tgt 75/150?  |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #318 Posted: Wed Mar 30, 2016 10:08 am Post subject: |
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SL hit, exit at 10.
Now buying 7700 CE (APR) at 140... target 1 180 and target 2 above 220... SL will be 110
Cheers
SH |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #319 Posted: Wed Mar 30, 2016 11:58 am Post subject: |
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April 7700 CE low is 132.70.
Call is active. |
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anubond6
White Belt
Joined: 07 Feb 2012
Posts: 5
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| Post: #320 Posted: Wed Mar 30, 2016 1:51 pm Post subject: |
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| Alchemist wrote: | starting from today.
Buy 7600 PE (march) at 34 now ...... SL 10 ... targets 75 and 150
Cheers
SH |
Buying at 34 and selling at 10 .... That would have wiped off 70% of the capital |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #321 Posted: Wed Mar 30, 2016 2:19 pm Post subject: |
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| anubond6 wrote: | | Alchemist wrote: | starting from today.
Buy 7600 PE (march) at 34 now ...... SL 10 ... targets 75 and 150
Cheers
SH |
Buying at 34 and selling at 10 .... That would have wiped off 70% of the capital |
anubond - I see it as 24 points loss on NF that's it.
Only an amateur will trade their entire capital in one trade... maybe you are one of them and that's why you see it as 70% loss of capital.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #322 Posted: Wed Mar 30, 2016 2:51 pm Post subject: |
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| Alchemist wrote: | SL hit, exit at 10.
Now buying 7700 CE (APR) at 140... target 1 180 and target 2 above 220... SL will be 110
Cheers
SH |
1st target achieved, booked 40 points on 50%. Holding rest 50%.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #323 Posted: Fri Apr 01, 2016 11:48 am Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | SL hit, exit at 10.
Now buying 7700 CE (APR) at 140... target 1 180 and target 2 above 220... SL will be 110
Cheers
SH |
1st target achieved, booked 40 points on 50%. Holding rest 50%.
Cheers
SH |
Keep trailing SL for rest 50% at 140 now (original buy price).
Look to buy 7700 PE at around 129 (not before) SL will be 109 targets will be 165 and 200
Cheers
SH |
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prakash_ks
White Belt
Joined: 26 Nov 2015
Posts: 21
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| Post: #324 Posted: Fri Apr 01, 2016 12:53 pm Post subject: |
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| 7700 PE @129 activated.. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #325 Posted: Fri Apr 01, 2016 12:53 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | SL hit, exit at 10.
Now buying 7700 CE (APR) at 140... target 1 180 and target 2 above 220... SL will be 110
Cheers
SH |
1st target achieved, booked 40 points on 50%. Holding rest 50%.
Cheers
SH |
Keep trailing SL for rest 50% at 140 now (original buy price).
Look to buy 7700 PE at around 129 (not before) SL will be 109 targets will be 165 and 200
Cheers
SH |
PE trade active at 129 now ... exiting all CEs at 143 now.
Cheers
SH |
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prakash_ks
White Belt
Joined: 26 Nov 2015
Posts: 21
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| Post: #326 Posted: Fri Apr 01, 2016 3:23 pm Post subject: |
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7700 PE @ 129 SL 109 hit. exiting...  |
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anubond6
White Belt
Joined: 07 Feb 2012
Posts: 5
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| Post: #327 Posted: Fri Apr 01, 2016 5:56 pm Post subject: |
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| Alchemist wrote: | | anubond6 wrote: | | Alchemist wrote: | starting from today.
Buy 7600 PE (march) at 34 now ...... SL 10 ... targets 75 and 150
Cheers
SH |
Buying at 34 and selling at 10 .... That would have wiped off 70% of the capital |
anubond - I see it as 24 points loss on NF that's it.
Only an amateur will trade their entire capital in one trade... maybe you are one of them and that's why you see it as 70% loss of capital.
Cheers
SH |
Dear Alchemist,
Just a few pointers:
1. I never said ‘entire capital’… 70% of whatever amount you are trading with
2. Just a small input, instead of points and rupees, see things in percentage terms. Unless you mean to say that you will only buy 1050 quantity (as per your last trades), whatever be the price, whether 100 or 34. With percentages increasing/decreasing number of lots doesn’t affect the overall psychology and trading style.
3. Don’t judge people as amateur or ‘expert’ based on number of posts (probably) or just because they raised a question….more often than not, vice-versa is true.
4. On discussion forums, people will either support you or question you or will try to take you down. Be open to all kind of comments and feedback.
P.S. My post was not to bog you down. You are doing good, keep up the good work. Happy Trading!! |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #328 Posted: Sun Apr 03, 2016 6:55 pm Post subject: |
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Thought to summarise the P&L of last few trades and work out the current capital position.
At the close of trade 30, the capital was 3,65,500
Trade 31 gave a profit of 2100
Trade 32 gave a loss of 9450
Trade 33 gave a loss of 25200
Trade 34 gave a profit of 22575
Trade 35 gave a loss of 21000
This brings the current capital to 3,34,525
As there has been some drawdown by trading the system, i would reduce the trade size now to 750 NF now (original trade size) for some time until I get the capital above the previous high of 4 lakhs plus.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #329 Posted: Sun Apr 03, 2016 7:18 pm Post subject: |
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| anubond6 wrote: | | Alchemist wrote: | | anubond6 wrote: | | Alchemist wrote: | starting from today.
Buy 7600 PE (march) at 34 now ...... SL 10 ... targets 75 and 150
Cheers
SH |
Buying at 34 and selling at 10 .... That would have wiped off 70% of the capital |
anubond - I see it as 24 points loss on NF that's it.
Only an amateur will trade their entire capital in one trade... maybe you are one of them and that's why you see it as 70% loss of capital.
Cheers
SH |
Dear Alchemist,
Just a few pointers:
1. I never said ‘entire capital’… 70% of whatever amount you are trading with
2. Just a small input, instead of points and rupees, see things in percentage terms. Unless you mean to say that you will only buy 1050 quantity (as per your last trades), whatever be the price, whether 100 or 34. With percentages increasing/decreasing number of lots doesn’t affect the overall psychology and trading style.
3. Don’t judge people as amateur or ‘expert’ based on number of posts (probably) or just because they raised a question….more often than not, vice-versa is true.
4. On discussion forums, people will either support you or question you or will try to take you down. Be open to all kind of comments and feedback.
P.S. My post was not to bog you down. You are doing good, keep up the good work. Happy Trading!! |
Dear anu bond,
Maybe its your english but when you say 'The capital' it implies the entire capital. While trading in options, if I am staking only less than 10% of my capital per trade, I dont mind losing 100% of that 10% if my target profit is to triple the amount deployed. My capital before this trade was 3.5 lakhs and I risked only 26K out of it on this trade (24 points x1050 NF). Why was it so shocking for you? Right at the start of this thread I had explained I will risk 10% of my capital per trade max and thats what i have been doing since. By doing that, my 1.5L is already 3.5L within 3 months.... its a high risk and high return game.
I have and will buy my fixed qty irrespective of whether option is trading at 150 or 35 till the time my SL limits my loss to less than 10% of my capital. I dont lose sleep when i am risking money that i have made from the mkt.
I called you amateur not because you raised a question (though you didnt actually raise any questions, you just made a comment laced with criticism ), but because you interpreted my trade in an amateurish way without looking at my trading style and money management system which is all explained in this thread.
Being open to comments and feedback applies to you as well. I just gave you feedback on the way you reacted to my trade even when you havent been trading this system or without even understanding it.
If you dont want to bog down anyone, please try not to post sarcastic comments and then try to disguise them as constructive or a simple question....
Hope you will take this feedback in the right spirit.
Happy trading to you as well.
Cheers
SH |
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anubond6
White Belt
Joined: 07 Feb 2012
Posts: 5
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| Post: #330 Posted: Sun Apr 03, 2016 11:33 pm Post subject: |
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Dear Alchemist,
Criticism, sarcasm, amateurishness….all that deduced from one sentence…shows how messed up your personal life would have been, reading too much between the lines than what is being intended…my sympathies to you and people around you.
Nonetheless, this thread is a great learning tool for fellow traders (amateurs and experts alike), about do’s of trading (what Alchemist has been doing) and don’ts of trading psychology and behavior (again what Alchemist has been doing 'off-late'  ).
Apologies for having unknowingly bogged you down, you may rise now. I’m done with this discussion, do not wait to hear from me any further, you may carry on your rants and raves as before. If I have the power to boost or bog someone down with one liners, I’d rather use it responsibly, as Spidey said ‘With great power comes great responsibilities’. 
Happy Trading!! |
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