My last blog post was in November and from then nifty had just shot up and crossed the high of 20k and now is at 22k..almost. My stocks have done well and I couldn’t really catch the move again. but overall account is at 13 lakhs from 10 lakhs.
There was a regretful thing. I had 2k option of 21k strike of dec bought at 10 rs and it went up till 600 rs but I exited all of them below 200 rs . so fucking stupid. That would have been one hell of a trade!!!
Anyways my 20k call sells are in huge loss now and I am still holding it hoping for a pullback but market is in turbo mode in hope of a favourable election result and budget is coming up on feb 1st. I had taken futures and made gains on the market movement. I had exited the put sells and couldn’t get back into it!!
Really wishing the market would go back to 20k!! right now my position is bullish and I want it to go to 22k and then slowly come down once I have exited my positions!!
Another update I took a loan of 10lakhs for buying bike, not the whole thing. Just 4-5 lakhs would be spend on the bike. I put 5 lakhs in for stock account and really hoping to grow it slow and steady. so far it hasn’t been great and I have been very offensive gotta stop that. I don’t wanna lose the money I have taken on loan. *fingers crossed*
So yeah I had 10 lakhs extra liquidity, 5 lakhs in still in bank and I registered for CFA, that was 1.25 lakhs and 90k for lic so I am hoping to have 3 Lakhs in my bank by February end. I have been applying for IPOs and I got IREDA so my 15k became 45k so yeah I made money with the loan amount. It really depends on my 5lakhs Firststock account!
Aim is to sell far OTM strikes in both directions, and get the theta decay. I am aiming for 20K in a month and 3 lots in both sides. so I need to sell a premium of 133 for a month and 400 for 3 months. that is more than enough and shift up in direction the nifty is going! Thats the plan!!
Let’s see how it turns out! Also I have been spending a bit more since I don’t have to worry about paying bills since I have extra cash in bank 🙂 I have been missing that for few years now and it is really cool. I wish and pray and hope that it would always be like that
Also I have decided to get back to proper trading with help of Sarath in WHIG group! Intraday options trade in BN with a capital of 1 Lakh in Upstox account.
Lets see how everything turns out
Ciao!