** All good things come to an end – I stopped this Live journaling as of 15th Sept 2022 🙂 **
Started Intraday Weekly options buying (phase 2) with a trading capital of 1cr from 29th October 2021. Please refer to the below link for Phase 1 of this Intraday options trading account journey (from 3L to 1cr)
Intraday Options Trading Account Details – Phase 1 (3L to 1cr)
1. Account will be compounded live from 1 crore to 5 crores. Will be reducing risk/trade in this phase by allocating more money per lot and will not compound as aggressive as Phase 1.
2. All these option trades are based on the futures price.
3. These are exact option trade entry/exit points according to the contract note from the broker – Trades will be updated daily EOD in the journal.
All costs are deducted and contract note’s net amount payable/receivable is what you see in the ‘P/L in rupee value’ column of the trading journal.
4. Tradebook screenshot (from KITE) is uploaded in the ‘Tradebook’ column – Kindly click the link in the corresponding cell.
5. If there is no trade seen against any particular trading day, then it is a NO TRADE DAY .
UPDATE: Reached 1cr on 28th October 2021
Started trading Nifty/BNF intraday options in a 3 lacs trading account from March 1st 2019
1. Plan is to aggressively compound this account live to build the account from 3 lacs to 1 crore
2. All these option trades are based on the futures price.
3. These are exact option trade entry/exit points according to the contract note from the broker. This is not just gross MTM 🙂 (The broker and govt take their share) – Trades will be updated daily EOD in the journal.
All costs are deducted and contract note’s net amount payable/receivable is what you see in the ‘P/L in rupee value’ column of the trading journal.
4. Tradebook screenshot (from KITE) is uploaded in the ‘Tradebook’ column – Kindly click the link in the corresponding cell.
5. If there is no trade seen against any particular trading day, then it is a NO TRADE DAY .
6. This trading account will be compounded and lot size will be increased accordingly. It is a tiny effort to show how compounding works in real account in real time (with tradebook updates)
7. Plan is to do the following —
3L to 15L –> Options(monthly) buying
15L to 26L –> Options(Weekly) selling
26L to 65L –> Synthetic futures
65L onwards –> Options(weekly) buying
Reached 1cr on Oct 28th 2021 – So, this phase comes to an end.
