trade nifty options

nifty options are the best and highest return giver if traded properly with proper management and discipline.just set a few rules for the trading and follow the trades accordingly .i will share what i do
first rule .keep your lot equal for every trade in nifty the lot size is 50 so whatever number you decide keep it same .pls don't change
second rule do only one trade in a day keep one stop loss and for target follow trailing stop loss once your target is crossed and also close the trade maximum by 3:25 if target is met or not .i do not carry overnight positions also anytime during the trade if i feel uncomfortable with the trade i close the trade immediately.
profit and loss is part of the trade.

i follow the above rules set by me very religiously .i also don't carry overnight positions as naked options are very risky also time decay eats your premium. one more thing you can set your own rules for your trades but you should follow them strictly and you should write down all your trades daily along with nifty levels and review your trades every fortnight to check whether you have to modify your rules for better results..

i will also share my experience that everytime i break my rule i have lost more

nifty 24/09/2009

nifty 24/09/2009
Open 4977.15
High 5016.70
Low 4904.05
Last 4986.55
Prev. Close 4969.95

oct nifty 5000pe
Open Price 197.00
High Price 210.00
Low Price 139.85
Last Price 144.00
Prev Close 172.35

oct nifty 4900pe
Open Price 139.90
High Price 153.85
Low Price 100.20
Last Price 104.00
Prev Close 129.45

oct nifty 4800pe
Open Price 105.00
High Price 113.00
Low Price 70.20
Last Price 73.20
Prev Close 94.90

oct nifty 4700pe
Open Price 76.00
High Price 81.35
Low Price 50.05
Last Price 50.50
Prev Close 67.45

just track your nifty option here

nifty 23/09/2009
Open 5019.95
High 5030.75
Low 4957.05
Last 4969.95

oct09 nifty5000pe 23/09/09
Open Price 150.00
High Price 178.00
Low Price 144.95
Last Price 169.85
Prev Close 146.00

oct09 nifty4900pe 23/9/09
Open Price 115.90
High Price 134.80
Low Price 108.30
Last Price 125.50
Prev Close 110.85

oct09 nifty4800pe 23/9/09
Open Price 80.00
High Price 99.15
Low Price 78.15
Last Price 92.00
Prev Close 82.70

oct09 nifty4700pe 23/09/09
Open Price 65.00
High Price 70.95
Low Price 54.15
Last Price 65.70
Prev Close 58.70