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Alchemist's ADD strategy - experiment on Nifty Options |
jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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Post: #61  Posted: Wed Jan 13, 2016 11:28 am Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | Trade 15
Will buy 7600PE if it hits 110... SLwill be 101
Cheers
SH |
7600 PE trading at 137 now ... I have already booked 50% at 119 as per rules (9 points) ... holding rest with TSL now 114 for targets 175-180
Cheers
SH |
Booked at 160... trade 15 closed.
Cheers
SH |
Final target hit 180 however i booked out at 160 as the fall was huge !
Profit in trade 15 = 3375 + 18750 = 22,125
Capital now 2,93,950
Cheers
SH |
Very very thanks Sir
G. Jyothi |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #62 Posted: Wed Jan 13, 2016 1:06 pm Post subject: |
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| Alchemist wrote: | DarkKnight - I trade with Zerodha which charges Rs 20 per trade irrespective of trade size.... so my brokerage for for 15 trades is Rs 900 till now (buying and selling both included) ... doesnt make big difference to my returns.
Irrespective of this strategy or other, why would someone want to pay Rs 300 per lot to sharekhan when other discount brokers are operating literally at nominal charges?? Time to change the broker...
Cheers
SH |
Dark Knight - even if you assume 4 points brokerage per trade, it would mean 15 trades x 750 qty x 4 points brokerage = Total brokerage paid Rs 45000 v/s Rs 900 paid by me. Why would you stay with Shakrekhan?
Secondly, even with sharekhan, profit will be around 1 lakh till now instead of 1.45 Lakhs with Zerodha. That's 65% return on capital with Sharekhan as well v/s96% returns on Zerodha.
Cheers
SH |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #63 Posted: Wed Jan 13, 2016 9:49 pm Post subject: |
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| Alchemist wrote: | | jyothil wrote: | | Alchemist wrote: | | yes, was too busy ! |
Can u provide the strategy?
G. Jyothi |
It would need a 3 hours class on a weekend to learn this strategy
Cheers
SH |
Where is the class happening and what's the cost - 3 hrs awesome to learn to trade options ..... We spent so many years doing everything else!  |
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DarkKnight
White Belt
Joined: 06 Jan 2016
Posts: 3
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| Post: #64 Posted: Thu Jan 14, 2016 10:59 am Post subject: |
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Greetings Of the Day!! My point was System should be Independent of brokers. What happens if for any reason Zerodha closes down??? Then what happens to this system?, I was only interested in that.
You gave a wonderful comparison between returns generated by Sharekhan and Zerodha. That answers my Question. 65% returns are Fantasticc!
Regarding brokerage, my trading style is totally different, I hardly trade 20 trades a year.So frankly speaking brokerage hardly matters to me in calculating returns on my Capital deployed.
To bring out this point for benifitting all, system should be independent of brokers and brokerages.
Regards,
DarkKnight.
quote="Alchemist"] | Alchemist wrote: | DarkKnight - I trade with Zerodha which charges Rs 20 per trade irrespective of trade size.... so my brokerage for for 15 trades is Rs 900 till now (buying and selling both included) ... doesnt make big difference to my returns.
Irrespective of this strategy or other, why would someone want to pay Rs 300 per lot to sharekhan when other discount brokers are operating literally at nominal charges?? Time to change the broker...
Cheers
SH |
Dark Knight - even if you assume 4 points brokerage per trade, it would mean 15 trades x 750 qty x 4 points brokerage = Total brokerage paid Rs 45000 v/s Rs 900 paid by me. Why would you stay with Shakrekhan?
Secondly, even with sharekhan, profit will be around 1 lakh till now instead of 1.45 Lakhs with Zerodha. That's 65% return on capital with Sharekhan as well v/s96% returns on Zerodha.
Cheers
SH[/quote] |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #65 Posted: Thu Jan 14, 2016 11:31 am Post subject: Return? Kaunsa return? |
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DarkKnight/ DarthVader/ AnakinSkywalker/ Palpatine: How any system can be independent of brokerage, Govt taxes? If by system you mean "take home" income
Yes, it is independent if you mean gross return eg buy Reliance 100@ 1060, sell @ 1100 = gross profit is 4000 before brokerage, tax
If you prefer to pay Rs 200 to Sharekhan for one lot, then that is your TAQDIR. If Alch prefers to pay Rs 20 to Zerodha, then that is his lookout. You are both adults and supposed to take your own decision
Any system can fail, you ask what if Zerodha fails? Well, Zerodha has an emergency system whereby you can phone in and place orders. Also Zerodha is having >99% working.
I think you have not traded thru the worst broker, ICICI Direct (!) Their system is mostly down, orders backlog due to inadequate computer and internet speed, and is a nuisance to anyone foolish enough to trade thru them or remain with them
Please take your own decisions and leave Alchemist alone to post his valuable tips and levels. Alchemist is only providing NFO levels and tips, not running a "how to do share trading" advisory service
Cheers, Prakash Holla |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #66 Posted: Thu Jan 14, 2016 12:23 pm Post subject: |
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Dark Knight - how do you make a system independent of brokers? Please throw some lights as each broker has a different charging structure and each trader may have accounts with different brokers.
For me, the only way to make a system independent of brokers is to completely ignore brokerage while calculating profit & loss. Each trader is free to adjust the results based on brokerage per trade which they pay .. how would I know who pays what to which broker?
Tomorrow someone will say I fall in 30% tax bracket so please adjust it to post tax returns whereas someone else may fall in 10% tax bracket? What about audit fee which is required to pay if your turnover is above 1 crore ? Should I exclude that also sir for you?
Cheers
SH
Last edited by Alchemist on Thu Jan 14, 2016 12:26 pm; edited 2 times in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #67 Posted: Thu Jan 14, 2016 12:24 pm Post subject: |
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whatever the broker, follow a successful strategy. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #68 Posted: Thu Jan 14, 2016 12:36 pm Post subject: |
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Fellow Traders - I am making one important change today in my rules so please take note.
I will book first 50% only when I am getting 2:1 risk reward instead of earlier 1:1 RR.
For example, if SL is 10 points, 50% profit will be booked only when I am getting 20 points profit or more.
Cheers
SH |
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vids
White Belt
Joined: 12 Mar 2010
Posts: 102
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| Post: #69 Posted: Thu Jan 14, 2016 12:41 pm Post subject: |
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| Alchemist wrote: | Fellow Traders - I am making one important change today in my rules so please take note.
I will book first 50% only when I am getting 2:1 risk reward instead of earlier 1:1 RR.
For example, if SL is 10 points, 50% profit will be booked only when I am getting 20 points profit or more.
Cheers
SH |
Noted sir. 
Thanks,
Vids |
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Aarkay
White Belt
Joined: 27 May 2014
Posts: 6
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #71 Posted: Thu Jan 14, 2016 3:16 pm Post subject: |
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Very volatile market and though I got a trade signal today however as the SL was bigger than the rules defined, I have skipped the trade.
Lets see if I get a new trade tomorrow.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #72 Posted: Fri Jan 15, 2016 2:35 pm Post subject: |
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Trade 16
7500 PE bought at 103 SL 80 target 149 and 190
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #73 Posted: Fri Jan 15, 2016 3:10 pm Post subject: |
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| Alchemist wrote: | Trade 16
7500 PE bought at 103 SL 80 target 149 and 190
Cheers
SH |
7500 PE now at around 135 ... as weekend is coming therefore I am booking 5 lots now at 135.... rest I will hold with TSL 105 now.
Profit booked 375 x 32 = 12000
Capital now 3,05,950
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #74 Posted: Mon Jan 18, 2016 9:28 am Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | Trade 16
7500 PE bought at 103 SL 80 target 149 and 190
Cheers
SH |
7500 PE now at around 135 ... as weekend is coming therefore I am booking 5 lots now at 135.... rest I will hold with TSL 105 now.
Profit booked 375 x 32 = 12000
Capital now 3,05,950
Cheers
SH |
Booked rest 5 at 140 now .... profit 37 x 375 = 13875
Capital now = 3,19,825
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #75 Posted: Mon Jan 18, 2016 9:37 am Post subject: |
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Since 1st Dec, I have taken 16 trades in options with minimum risk (actually skipped a couple of trades which had larger SLs thought they would have been hugely profitable) and more than doubled the capital.
As I now have more than 3 lakhs, I can increase the lot size traded as now I will be risking market's money only.
Though i can go up from 10 lot to 20 lots now, however I will increase it by 4 lots only and from now on all trades will be 14 lots (1050 NF).
Cheers
SH |
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