Last month some CALL buy and PUT buy decisions went wrong and it dented our profit.
New month has started and as a trader we should forget successes or failures last month and start trading all over again.
Basic assumptions, and money management rules once again.
With this first complete strategy of the month is as follows.
Strictly monitor stop loss of combined three trades above. Any moment if loss goes above 10,000/- just prepare to exit.
Alternatively, one can wait till loss reaches to 30 K, provided he/she is committed for not taking any other trade during the entire month. Choice is yours.
If profit is above Rs. 5000/- then don't hesitate to book the profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
New month has started and as a trader we should forget successes or failures last month and start trading all over again.
Basic assumptions, and money management rules once again.
- One would have at least 500 thousand (5 lacs) to 600 thousand (6 lacs) in a trading account.
- Maximum loss should not be more than Rs. 30000/- per month.
- One complete strategy should not make loss more than 10K to 12K.
With this first complete strategy of the month is as follows.
- Sell 8000 NIFTY PUT of December expiration two lots.
- Sell DR REDDYS 3300 CALL of December expiration 1 lot around 75-85.
- Buy TCS 2300 PUT of December expiration 1 lot around 30/-
Strictly monitor stop loss of combined three trades above. Any moment if loss goes above 10,000/- just prepare to exit.
Alternatively, one can wait till loss reaches to 30 K, provided he/she is committed for not taking any other trade during the entire month. Choice is yours.
If profit is above Rs. 5000/- then don't hesitate to book the profit.
Disclaimer: This blog does not take any responsibility of your profit/loss
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