12th June – Trades
#pixarts.trade , Blogs , Journal , Learning , P&L , Trading Life , Trading Mistakes
:: The View As per my early market view, I was inclined with a slight negative view if market opens Gap up. :: The Opportunity And it did, so I shorted Banknifty calls of 49800 at 9:05am. And as market turned towards to fill the gap, since the overall broader market direction is in bullish, […]
:: The View
As per my early market view, I was inclined with a slight negative view if market opens Gap up.
:: The Opportunity
And it did, so I shorted Banknifty calls of 49800 at 9:05am. And as market turned towards to fill the gap, since the overall broader market direction is in bullish, I converted the directional call short to strangle at the gap fill area, with a 49700 Put short at 9:26am, and I was already in profit.
Then a sudden spike at 9:50am, strangle in loss, and I had to stop out.
I was following the Bollinger band since morning, it was trading near the extreme edge of the band, therefore I added some more trades at 10:04am at the high, and adjusted accordingly as in the order book.
:: The Order Book
:: The P&L Graph
:: The Day End
:: The Verified P&L by Dhan
It was a tough day today, but manage to close the day with a +ve MTM, and the following is the verified P&L– verified by Dhan.