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12th June – Trades

#pixarts.trade , Blogs , Journal , Learning , P&L , Trading Life , Trading Mistakes

Runard6 June 12, 2024 02:59 PM

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:: 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, […]

As per my early market view, I was inclined with a slight negative view if market opens Gap up.


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.

Fig. Banknifty



Fig. Current MTM at 12:13pm

Fig. Final MTM at the day end.

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.