| View previous topic :: View next topic |
| Author |
Profit Junction by Alchemist |
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
Post: #46  Posted: Fri Dec 21, 2018 2:25 pm Post subject: |
 |
|
| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | Trade 8 opened
Bought 2 lots NF at 10930
Cheers
SH |
Good upmove after my buy.
Selling 11000 CE at 68 ..2 lots to hedge 2 lots NF long.
Cheers
SH |
Booked sold calls at 27
Holding NF longs with SL below days lows. IF days lows are broken by more than 3 points, will square off and initiate fresh shorts (4 lots).
Cheers
SH |
Sold 4 lots of 10700 PE @ 47 now.
Cheers
SH |
|
| Back to top |
|
 |
|
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #47 Posted: Fri Dec 21, 2018 2:29 pm Post subject: |
|
|
| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | Trade 8 opened
Bought 2 lots NF at 10930
Cheers
SH |
Good upmove after my buy.
Selling 11000 CE at 68 ..2 lots to hedge 2 lots NF long.
Cheers
SH |
Booked sold calls at 27
Holding NF longs with SL below days lows. IF days lows are broken by more than 3 points, will square off and initiate fresh shorts (4 lots).
Cheers
SH |
Sold 4 lots of 10700 PE @ 47 now.
Cheers
SH |
Booked 4 lots short NF at 10785 , was shorted at 10828
Sold 4 lots of 10700 CE at 130 instead.
Cheers
SH |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #48 Posted: Fri Dec 21, 2018 3:16 pm Post subject: |
|
|
Swing trade 8 closed now
Booked 2 lots bought at 10930 at 10828, Loss 102 x 150 = 15300
Booked 2 lots 11000 CE sold at 68, booked at 27 = Profit 6150
Total Loss 9150
Swing trade 9 opened now
NF 4 lots short at 10828, booked at 10785 = Profit 300 x 43 = 12900
Nifty 10700 PE 4 lots sold at 47, holding.
Nifty 10700 CE 4 lots sold at 130, holding.
Nifty is bearish now.
Cheers
SH
-------
Trade History
1st swing Trade = 48675 profit
2nd swing Trade = 10500 profit
3rd swing trade = 5400 loss
4th swing trade = 30000 profit
5th swing trade = 7650 profit
6th swing trade = 27300 profit
7th swing trade = 18000 profit
8th swing trade = 9150 loss |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #49 Posted: Mon Dec 24, 2018 10:03 am Post subject: |
|
|
Swing trade 9 closed now
NF 4 lots short at 10828, booked at 10785 = Profit 300 x 43 = 12900
Nifty 10700 PE 4 lots sold at 47, exited at 53 = 1800 loss
Nifty 10700 CE 4 lots sold at 130, exited at 91 = 11700 profit
Total net profit booked = 22800
Nifty remains bearish. Fresh trades after Xmas.
Wishing you all a Merry X'mas ....enjoy with your families.
Cheers
SH
-------
Trade History
1st swing Trade = 48675 profit
2nd swing Trade = 10500 profit
3rd swing trade = 5400 loss
4th swing trade = 30000 profit
5th swing trade = 7650 profit
6th swing trade = 27300 profit
7th swing trade = 18000 profit
8th swing trade = 9150 loss
9th swing trade = 22800 profit
Total Profit = 1,50,375 |
|
| Back to top |
|
|
Shlok
White Belt
Joined: 30 Jan 2016
Posts: 18
|
| Post: #50 Posted: Mon Dec 24, 2018 10:48 am Post subject: |
|
|
Just 1month of trade and profit of 1.5 Lakhs....
Great going Alchemist..........
 |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #51 Posted: Mon Dec 24, 2018 6:04 pm Post subject: |
|
|
| Shlok wrote: | Just 1month of trade and profit of 1.5 Lakhs....
Great going Alchemist..........
|
Thanks Shlok - idea of this thread is not to boast about profits but show how profits are made in stock markets consistently. The reason I have made profits is by following some simple rules I have created for myself, and I hope other fellow traders may benefit from them. Some rules are:
1. Never trade against the trend : you may have seen that all my trades are in the direction of trend, never against them. No matter how overbought or oversold markets may appear, my net delta is always in the direction of the trend.
2. Do not try to catch tops and bottoms : you may have seen, I wait for the trend to reverse before I enter, even if appears to be a late entry.
3. Book profits regularly : after years of trading, one trick I have learnt is to always book profits when available. Quite often the temptation is to ride the entire trend until reversals however I tend to book profits (for example if I am long and mkts are overbought). I would rather wait for a pullback to enter again with small qty than to try and catch a massive swing trade. Hedging is also a way to book profits (or reduce loss probability)
4. No trade is also a good trade: I am happy to sit out after booking profit (or loss) for the next trade to appear, even if it means waiting for 2/3 days. Impatience and trying to be in a trade everyday doesnt work out in long term.
5. Money Management : Position sizing is the secret sauce of making profits. This helps in making profit trades bigger and losses smaller. It pays to play probabilities and to increase stake when probability of a successful trade is high. Similarly, it pays to cut your position size if the probability of success is low.
In the end, it also depends on what kind of markets we are in. Thankfully markets have been beautiful this year.
Cheers
SH |
|
| Back to top |
|
|
channasri
Green Belt
Joined: 01 Aug 2012
Posts: 1029
|
| Post: #52 Posted: Mon Dec 24, 2018 8:31 pm Post subject: |
|
|
| Excellent calls Alchemist |
|
| Back to top |
|
|
Parag9992
White Belt
Joined: 02 Jun 2017
Posts: 8
|
| Post: #53 Posted: Tue Dec 25, 2018 10:24 am Post subject: |
|
|
Sir, i am following the thread with small qty as per my money management and i will definately appriciate the hard work you have done before starting/entering this system. And i am trying to learn the same.
Thanks & Regards
Parag. |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #54 Posted: Wed Dec 26, 2018 1:07 pm Post subject: |
|
|
Nifty futures at 10631 right now.
Will short 2 lots if nifty futures hit 10599 today ... stoploss will be 10624
Will carry both positions if stoploss is not hit. IF trade is not triggered today, no worries.
Cheers
SH |
|
| Back to top |
|
|
singhu2
White Belt
Joined: 12 Oct 2012
Posts: 15
|
| Post: #55 Posted: Thu Dec 27, 2018 9:23 am Post subject: |
|
|
Thanks Alchemist for the guidance. This is another gem after 315 and Yorkers. One thing I really wanted to ask is how do you figure out oversold/overbought conditions as you have been spot on.
| Alchemist wrote: | | Shlok wrote: | Just 1month of trade and profit of 1.5 Lakhs....
Great going Alchemist..........
|
Thanks Shlok - idea of this thread is not to boast about profits but show how profits are made in stock markets consistently. The reason I have made profits is by following some simple rules I have created for myself, and I hope other fellow traders may benefit from them. Some rules are:
1. Never trade against the trend : you may have seen that all my trades are in the direction of trend, never against them. No matter how overbought or oversold markets may appear, my net delta is always in the direction of the trend.
2. Do not try to catch tops and bottoms : you may have seen, I wait for the trend to reverse before I enter, even if appears to be a late entry.
3. Book profits regularly : after years of trading, one trick I have learnt is to always book profits when available. Quite often the temptation is to ride the entire trend until reversals however I tend to book profits (for example if I am long and mkts are overbought). I would rather wait for a pullback to enter again with small qty than to try and catch a massive swing trade. Hedging is also a way to book profits (or reduce loss probability)
4. No trade is also a good trade: I am happy to sit out after booking profit (or loss) for the next trade to appear, even if it means waiting for 2/3 days. Impatience and trying to be in a trade everyday doesnt work out in long term.
5. Money Management : Position sizing is the secret sauce of making profits. This helps in making profit trades bigger and losses smaller. It pays to play probabilities and to increase stake when probability of a successful trade is high. Similarly, it pays to cut your position size if the probability of success is low.
In the end, it also depends on what kind of markets we are in. Thankfully markets have been beautiful this year.
Cheers
SH |
|
|
| Back to top |
|
|
singhu2
White Belt
Joined: 12 Oct 2012
Posts: 15
|
| Post: #56 Posted: Thu Dec 27, 2018 9:23 am Post subject: |
|
|
Thanks Alchemist for the guidance. This is another gem after 315 and Yorkers. One thing I really wanted to ask is how do you figure out oversold/overbought conditions as you have been spot on.
| Alchemist wrote: | | Shlok wrote: | Just 1month of trade and profit of 1.5 Lakhs....
Great going Alchemist..........
|
Thanks Shlok - idea of this thread is not to boast about profits but show how profits are made in stock markets consistently. The reason I have made profits is by following some simple rules I have created for myself, and I hope other fellow traders may benefit from them. Some rules are:
1. Never trade against the trend : you may have seen that all my trades are in the direction of trend, never against them. No matter how overbought or oversold markets may appear, my net delta is always in the direction of the trend.
2. Do not try to catch tops and bottoms : you may have seen, I wait for the trend to reverse before I enter, even if appears to be a late entry.
3. Book profits regularly : after years of trading, one trick I have learnt is to always book profits when available. Quite often the temptation is to ride the entire trend until reversals however I tend to book profits (for example if I am long and mkts are overbought). I would rather wait for a pullback to enter again with small qty than to try and catch a massive swing trade. Hedging is also a way to book profits (or reduce loss probability)
4. No trade is also a good trade: I am happy to sit out after booking profit (or loss) for the next trade to appear, even if it means waiting for 2/3 days. Impatience and trying to be in a trade everyday doesnt work out in long term.
5. Money Management : Position sizing is the secret sauce of making profits. This helps in making profit trades bigger and losses smaller. It pays to play probabilities and to increase stake when probability of a successful trade is high. Similarly, it pays to cut your position size if the probability of success is low.
In the end, it also depends on what kind of markets we are in. Thankfully markets have been beautiful this year.
Cheers
SH |
|
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #57 Posted: Thu Dec 27, 2018 11:01 am Post subject: |
|
|
Swing trade 10 opened
Bought 4 lots NF at 10865 (Jan series)
Cheers
SH |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #58 Posted: Thu Dec 27, 2018 12:14 pm Post subject: |
|
|
| Alchemist wrote: | Thanks Shlok - idea of this thread is not to boast about profits but show how profits are made in stock markets consistently. The reason I have made profits is by following some simple rules I have created for myself, and I hope other fellow traders may benefit from them. Some rules are:
1. Never trade against the trend : you may have seen that all my trades are in the direction of trend, never against them. No matter how overbought or oversold markets may appear, my net delta is always in the direction of the trend.
2. Do not try to catch tops and bottoms : you may have seen, I wait for the trend to reverse before I enter, even if appears to be a late entry.
3. Book profits regularly : after years of trading, one trick I have learnt is to always book profits when available. Quite often the temptation is to ride the entire trend until reversals however I tend to book profits (for example if I am long and mkts are overbought). I would rather wait for a pullback to enter again with small qty than to try and catch a massive swing trade. Hedging is also a way to book profits (or reduce loss probability)
4. No trade is also a good trade: I am happy to sit out after booking profit (or loss) for the next trade to appear, even if it means waiting for 2/3 days. Impatience and trying to be in a trade everyday doesnt work out in long term.
5. Money Management : Position sizing is the secret sauce of making profits. This helps in making profit trades bigger and losses smaller. It pays to play probabilities and to increase stake when probability of a successful trade is high. Similarly, it pays to cut your position size if the probability of success is low.
In the end, it also depends on what kind of markets we are in. Thankfully markets have been beautiful this year.
Cheers SH |
Excellent advice. Thanks
Cheers, Prakash Holla |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #59 Posted: Thu Dec 27, 2018 3:25 pm Post subject: |
|
|
| Alchemist wrote: | Swing trade 10 opened
Bought 4 lots NF at 10865 (Jan series)
Cheers
SH |
Carrying long positions.
Sold 10900 CE (Jan) at 149 to hedge (4 lots)
Cheers
SH |
|
| Back to top |
|
|
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
|
| Post: #60 Posted: Mon Dec 31, 2018 10:59 am Post subject: |
|
|
Trade 10 update.
Booked NF longs at 10935.. profit 70 x 300 = 21000
Shorted 4 lots 11000 PE instead at 214.
Holding shorted calls as well.
Cheers
SH |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
