I am working on myself to shield myself from the common saying that "Investors tend to sell winning investments while holding on to their losing investments". Trading in a falling market is really scary.
I accumulated Ibull Housing stock fr last few days and finally I exited with mo profit no loss condition. It is very difficult to trade in a volatile market for a new trader like me.
An interesting video from Mr. Nitin Bhatia on Nifty correction
Three good things happened in last two weeks
1. I completed my simple program in excel to get buy and sell signal based on EOD data. This model is based candle stick reversal pattern along with 10, 50 and 200 MA. I am working to include IV, HV and open interest to make the program more robust.
2. I completed a simple back test software and this program helps to evaluate various modifications of my program
3. I attended Quantsapp option symposium. I learned various nuances of option selling.
I will resume stock trading post expiry this month.
What wheels in the sky is telling for tomorrow?
Tomorrow full moon. Indian market can be bottomed out tomorrow.
Nifty position
My current deployed option strategy has a Created range from 9800 to 10400
Theta to Vega ratio 40
Possible adjustment, if Nifty brakes 10000 level, will move 10000 PE to 9500 PE as this might trigger a bigger fall.
Nifty buy 10175 and target 10225, Nifty sell 10115 to 10080
Banknifty position
My strategy of vertical spread week option is giving me good result. I set up a risky strategy for tomorrow where I sold two 24500 PE and bought only one 24500 put for next week.
Banknifty buy 25052 and sell 24900 , target 100 point and SL 100 point
Stocks where some actions might happen on 24th Oct : Reliance, CanBank, ONGC based on chart.
I set up a vertical spread for Reliance expecting a quick recovery of 50 odd points as short covering before and immediately after expiry.
I accumulated Ibull Housing stock fr last few days and finally I exited with mo profit no loss condition. It is very difficult to trade in a volatile market for a new trader like me.
An interesting video from Mr. Nitin Bhatia on Nifty correction
Three good things happened in last two weeks
1. I completed my simple program in excel to get buy and sell signal based on EOD data. This model is based candle stick reversal pattern along with 10, 50 and 200 MA. I am working to include IV, HV and open interest to make the program more robust.
2. I completed a simple back test software and this program helps to evaluate various modifications of my program
3. I attended Quantsapp option symposium. I learned various nuances of option selling.
I will resume stock trading post expiry this month.
What wheels in the sky is telling for tomorrow?
Tomorrow full moon. Indian market can be bottomed out tomorrow.
Nifty position
My current deployed option strategy has a Created range from 9800 to 10400
Theta to Vega ratio 40
Possible adjustment, if Nifty brakes 10000 level, will move 10000 PE to 9500 PE as this might trigger a bigger fall.
Nifty buy 10175 and target 10225, Nifty sell 10115 to 10080
Banknifty position
My strategy of vertical spread week option is giving me good result. I set up a risky strategy for tomorrow where I sold two 24500 PE and bought only one 24500 put for next week.
Banknifty buy 25052 and sell 24900 , target 100 point and SL 100 point
Stocks where some actions might happen on 24th Oct : Reliance, CanBank, ONGC based on chart.
I set up a vertical spread for Reliance expecting a quick recovery of 50 odd points as short covering before and immediately after expiry.
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