Congrats @Avijit_Mondal, your results are impressive. Are you just buying naked options or using any strategies. Could you share some details on that
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Very risky day luckily ended in green. Missed more than 1L profit but happy to be in green. I guess 1k needed to recover the loss
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No i don’t used any strategy…i just carefully flow the price movements and buy huge quantity…
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How much quantity you played for 28500pe & 28700ce as p&l are very high. Hope you played long strangle
Yes, 2020 quantities of 28500pe and 28700ce around 1:40 pm. I was waiting for a 100 points candle in the downside. The 28700ce was a hedge to minimise loss in case market turns against me.
Then surprisingly market moved up, at one point my loss is more than 20k. But I was confident, breaching 28700 will result in short covering. Waited till my position turns positive and booked a profit of 5000 rupees. When I exited, 28700 CE was at 70 but later it ended above 130. Missed a profit of 2020 * 60 points but happy to avoid 20k loss.
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Thank you. You are really good in selecting the strikes . Are you full time trader
Nope. Having free time for few weeks. After that I will have to continue work. In future, I will become a full time trader with good capital.
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Why banknifty call put price are too High?
Because of high volatility and uncertainty regarding election results on expiry day
congratulations.
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Strategy : EMA cross over over 10 min or 5 min candle …(This is one of the strategy i find it easy to understand and implement )
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What is ur time frame
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Time frame till Monday and depends upon exit poll results. If BJP alliance is expected to get majority, i will square off short positions. Otherwise I will square off long positions.
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Trading on events don’t you feel it like gambling.And I asked about charting time frame not about positional or intraday.