Power of breakout

Friday closed above 16689....today 164 points higher..... 

Normally, will hold option short in normal days.. friday, I booked 6 point loss in call short and exited...that is the message of breakout...

Today..i sold call 17000 ... no issue....

Near breakdown / breakout.... always should be cautious...

Cheer up...

=========================

Index

Today index closed above next breakout level 16689....previous breakout level was 15942..

If breakout holds, then next level may be 16842...

Hence, closed the call short today with 6 point loss..... will definitely re-enter at higher level on Monday...

(Normally breakout zone / close, not a good idea to hold the option shorts.......we should have trade discipline)

======================================================

16800 call short follow up

Exited / booked loss @ 174.80...shorted at 168.80

Nifty spot trading above 16689...hence.. closed..

Will decide on Monday...

No position....

16950 call option buy - follow up

 

Kept target 45.70...

Dr Reddy

Gupta is holding the position entered at 4558 and his target is 4704.... (short term entry)

Sold

17000 call option sold @ 146.30....

16950 Call

Check // White / Red...... target is 30...

Cheers

Titan

1940 + on the cards....

Index

Morning...setup...entered 

Also, keeping sell order 17000 call option @ 146...

Tomorrow

If index opens...gap up... sure will sell call options.....

My plan.... sell 17000 call option near 132 ~ 146

Let it be ATH....

===================

Prof. Feynman

@ProfFeynman

·

9h

Study hard what interests you the most in the most undisciplined, irreverent and original manner possible.

Always

Trust your intuition

Follow your intuition

All the best sir

Installed and explained ..... congrats and all the best sir..

Follow the rules sir...  also... cash management... 

My wishes to you sir..

Prof. Feynman

@ProfFeynman

·

Aug 27

If you want to master something, teach it.

We did and obeyed the rule of Professor Feynman..

Gold follow up

As such high formed 1817.....

=================

Gold Reached 1803

Gold next levels are 1818 and 1831...

Index

Today index closed above next breakout level 16689....previous breakout level was 15942..

If breakout holds, then next level may be 16842...

Hence, closed the call short today with 6 point loss..... will definitely re-enter at higher level on Monday...

(Normally breakout zone / close, not a good idea to hold the option shorts.......we should have trade discipline)

======================================================

16800 call short follow up

Exited / booked loss @ 174.80...shorted at 168.80

Nifty spot trading above 16689...hence.. closed..

Will decide on Monday...

No position....

16800 call short follow up

Exited / booked loss @ 174.80...shorted at 168.80

Nifty spot trading above 16689...hence.. closed..

Will decide on Monday...

No position....

=================

Sold

Sole 16800 call @ 168.80...

Kept target 147.60...

==========================

Sold

Sole 16800 call @ 168.80...

Kept target 147.60...

==========================

16800 call short - followup

Booked profit @ 141.20..

Again kept sell order @ 168.80...

Cheer up

===========================

Gupta is on

 

16800 call short - followup

Booked profit @ 141.20..

Again kept sell order @ 168.80...

Cheer up

===========================

16800 call short

Keeping target 121 or else..... will hold for tomorrow...

No s/l is required....

Cheers...

====================================================

No setup

No change . no trade....no (settlement) sequence change...

I sold 16800 September call option @ 164 again.... and will hold...