Sunday, May 13, 2012

Trading Log Sample

I have given below a sample of the Trading Log that update continuously during market hours.

Trading Log:
A) Important Announcements expected today
B) SGX Nifty Open High Low Close till 9:15 am, Global Cues
C) Nifty Spot and Nifty Future:
    1) Previous Day Open High Low Close Values
    2) Pivot Levels and Camarillo levels
    3) Low EMA, High EMA, DeMark Values
    4) Fibonacci Ratios
    5) Previous Open Gaps
D) Levels and Opinion Published from Blog Articles
E) Option Strategies and Rationale for today

Market Commentary:

9:15 to 9:45:
9:45 to 11:00:
11:00 to 13:00:
13:00 to 15:00:
15:00 to 15:30:

Executed trades:
{Position}  {Entry Price and time}  {Exit Price and time}  {Lot Size}  {Target}  {Stops}  {Profit in Points Per Lot}  {Rationale}  {Execution}

Did not pull the trigger trades:
{Position}  {Entry Price and time}  {Exit Price and time}  {Target}  {Stops}  {Rationale}  {Why did not execute}

Completely Missed trades:
{Position}  {Entry Price and time}  {Exit Price and time}  {Target}  {Stops}  {Failed to observe or Improvement in Setup required}

Calls Posted in Twitter:
{Position}  {Entry Price and time}  {Exit Price and time}  {Target}  {Stops}  {Any Explanation Given}

Remarks:

        Major Trend:
        Medium Trend:
        Minor Trend:

Tuesday, May 1, 2012

Trade Adjustment on Option Strategy

To visualize a Trade Adjustment on a Option Strategy. Let us consider the following scenario. Currently Nifty is trading 5248 and based on our market analysis we are bullish on Nifty. We have identified the Diagonal Spread as suited for our analysis. How do we make trade adjustments when the position moves in our favor or against our trade.