I might have missed adding some trades. Based on margin I started with on 2 November 2018 and closing on 06 November 2018, I incurred a loss of ₹ 3840/- for the week. There are few things I have realized.
I made a few mistakes. We had a trending week, and as a rule of thumb, I should have been on selling side in Bank Nifty for expiry near the top.
After doing some anaylsis I found that I have paid ₹9200/- alone in brokerage on expiry trading and another ₹ 5200/- on other days which is considerably higher.
Everytime I miss a trading week, it adds to my trading diary another pointer of what failed. There are so many parameters that I am working on an excel checklist so that a builtin failsafe is executed before trading.
I have observed, for expiry trading one needs to have initial direction right. I know traders who sell both sides in expiry trading. For me that is not the right approach as the breakout to either side can always cause unlimited losses.
No broker is perfect. I am continuing with my current broker for some time, and will try with another broker once. Even they are charging on higher side. But I think they might renegotiate after seeing my trading style.
I prefer Upstox, but they don't provide Dealer terminal so I can't handle my clients account. If current broker renegotiates on brokerage, then I will stick with them, else I will move to upstox.
Note - I havent decided what to trade today. Will post my analysis later.