Trading performance of 28th Dec 2020

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 My calls performance on 28th Dec 2020 shown in chart below


Reason for my Entry: 

·       Today SGX nifty opened with Positive & In pre market bank nifty closed at +156 

·       Today's 1st 5 min Green candle open above "R3"

·       Marked today's 1st 5min candle high and low in Yellow line in chart

·       3rd candle is green candle break the 1st 5 min candle high

·       So their is a possibility for UP trend today

·         So I decided to give a Call in Banknifty Dec 30700 CE (Buy above 375) 

·       Stop loss was previous candle's Low (Most important point in trading is always trail your Stop loss)

·        I fix my target  1:2 

·       At 10.45 AM exactly my stop loss hit

·       But after hitting my stop loss i wait for confirmation candle (but no red candle open and close below stop loss marked line) to trade in Put option , So i strongly believe market is not ready to go down side 

·       Once again at 12.15 PM green candle break the 1st candle high this time all my target hit


  Why i choose 30700 CE 

·         Today 1st candle high is 30750 so i decided to trade in 30700 CE for good breakout


Check the below screenshot of my calls posted today in my APP (App link given in Follow me Tab) 



Comments

  1. Unknown29 December 2020 at 07:42

    Sir why u consider only R3 and S3 is there any preference

    ReplyDelete
  2. Unknown29 December 2020 at 22:40

    Hello sir I know that 31200 ce on 29th call has reached today ie on 30th....good for that
    Sir I today call 31400 pe stoploss has hitted after reaching 380 ....how u will wait

    ReplyDelete
    Replies
    1. Option Trading Calls and Tips29 December 2020 at 23:26

      When my stop loss hits I close the trade I never hold after hit my stop loss and i re enter once again their is possibilities for breakout happen in same level.

      Delete
  3. Unknown30 December 2020 at 06:51

    Ok thanq for ur rply sir may I know how manage in profit booking from target 1 to target 2 to target 3 and beyond

    ReplyDelete
  4. Unknown1 January 2021 at 06:30

    Siri wish a very happy new year...plz give ur suggestion for my above comment

    ReplyDelete

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