Hi Rose...Thanks for sharing your trading journal....really helped in my learning journey of PA trading.
Any specific reason to trade on Nifty future and not to go for Nifty ITM/ATM options? Was comparing charts of Nifty Futures and Nifty ITM/ATM options and PA is similar.
Advantage I see in using options is: 1.Low total taxes per trade 2.More lots can be traded with same capital.
I had this thought of trading ITM option instead of NF. There are advantages like we can save on STT. One can buy more lots, but profit wise it makes less difference i think as 2 points of movement in option is equal to 1 point move in NF.. More than these benefits, i find it difficult to monitor NF chart for trade entry level and again placed orders through levels in option chart.. it may impact my focus.. how ever i will try doing this very soon.
Hi rose. What is your order type. SL stop-loss or SL M. If SL-L what is your difference between trigger and buy price. Thanks ravi
ReplyDeleteFor entry i use SL-Limit order.. for exit SL-M. I generally keep 0.5 to 1 difference from trigger to limit.. unless i am trading direct BO.
ReplyDeleteHi Rose...Thanks for sharing your trading journal....really helped in my learning journey of PA trading.
ReplyDeleteAny specific reason to trade on Nifty future and not to go for Nifty ITM/ATM options? Was comparing charts of Nifty Futures and Nifty ITM/ATM options and PA is similar.
Advantage I see in using options is:
1.Low total taxes per trade
2.More lots can be traded with same capital.
Can you share your view.
Thanks Ankur
Ankur,
DeleteI had this thought of trading ITM option instead of NF. There are advantages like we can save on STT. One can buy more lots, but profit wise it makes less difference i think as 2 points of movement in option is equal to 1 point move in NF.. More than these benefits, i find it difficult to monitor NF chart for trade entry level and again placed orders through levels in option chart.. it may impact my focus.. how ever i will try doing this very soon.
Looking forward to it and hope you will post your charts for same!!!!
Delete