Trade 39: Limit price hit for 3 lots of May 5100 puts

See our previous posts Trade 39 & 40

 

 

Nifty up over 38 points at 11.35 am

 

As per price limit set, 3 lots of May 5100 puts purchased at Rs 138

 

 

Trade 40: 2 lots of the same purchased for Rs 141 for this month

Performance of our Trading Fund: Update

 

We started this virtual Trading fund to demonstrate the effective of our Prediction based Trading system starting with Rs 10 lacs and trading in US and Indian markets. It is still too early to make a definite conclusion of effective of our prediction based trading  model though in last one month a gain of 10.56% has been achieved

Index &  Fund growth since April 1, 2008	% growth ( with March 31,2008 closing values as base)
Sensex	6.98
Nifty	5.21
Dow 30	4.33
Nasdaq	7.5
Our Trading Fund	10.56

 

 

Details of Trade wise Profit and Loss

Trade no	Profit/ loss	Remarks
All 37 Trades	105649 or US $ 2641	Gain of over 10.56% since fund inception April 1,2008(includes un-booked profits) with total 37 orders, 23 profitable and 5 loss making with 82 % success rate ( 9 not executed trade)
37	Rs 1600 =( $50-$90)	Dow in loss, Nasdaq futures with small profit with net small loss overall
36	Un-booked profit of Rs approx Rs 11,100	Indian market-Intra week prediction based purchase of 3 May 5200 puts at Rs 184 premium(open position)
35	Rs 6250	Indian market
34	16000	US market
33	750	Indian market
32	NE	Indian market
31	2500	Indian market
30	Not Executed Trade (NE)	US market
29	-13550	Indian market
1-28	Rs 84199 or $ 2105	18 profitable trades, 6 non executed trades, 3 loss making, 1 trade with zero profits; US and Indian markets, mostly intra day trades

 

                                                                                                                                                           

Notes on Trades since Traders’ Virtual Mutual Fund inception April 1,2008

 

1. Out of total trades 37, about nine were not executed as price target were not met. Out of these 7 Not Executed(NE) Trades, at least five would have given profits if purchased at prevailing current premium/price at the recommended time.Out of these four two order on Infosys Technology –buy and Nasdaq future buy call on April 14 for the week would have given huge profits
2. Trade no1 profitable but abandoned earlier has been allotted a profit of US110 dollars as 75 points on Dow 30 drop would have given profits of atleast this amount on purchase of Put  option.
3. On trade 16 in US market, earlier profit of US250 was allotted out of maximum profit of US $ 325. This profit is further cut down to US$ 162.5 as only future options was recommended not futures.
4. On trade 23 profit of Rs 1700 was made under erroneous accounting that 4 option were purchased. Actually only 3 options were purchased. Hence profit is only Rs 1250
5. Total profit made on total fund of Rs 10 lacs is RS 105649 or US$2641. ( fixed exchange rate of RS 40=US$1) used. Gain of  10.56 % in fund asset value in 6 week time ( by May 9,2008) . No interest on idle funds imputed even though only a small portion of total fund  used for trading. Trade no 27 in US market was a lucky trade as we just managed to reach profit protection limit on Dow ( but comfortably on Nasdaq) . Hence out of a possible profit over $250 we consider only $150 or Rs 6000 as profits
6. In total of 37 trades trades Nos  8&9 are same. Trades 15 and 17 are same
7. Trade 37, we exited dow 30 position with a small loss but nasdaq futures gave a small profit at nasdaq closing values of Friday may 9
8. In real trading, impact of emotions on executing and closing trades may be different for different people.
9. Red trades are losses, green trades are Profits.
10. Most trades on Indices and only a few are on stock based trading
11. Paid services are sent through SMS , not available on our blog/website

 

 

 

Email : future@ckal.mobi

Tel: 0911698256,09312039121