Hi guys, I have been trading options for 2 years now, I have been employing condors and spreads in Nifty and making 3-4% per month consistently, I am not an algo guy as I wasn't comfortable with them and it wasn't needed at first place since the strategies I work with. I am not a pro trader and have kept my trading as simple as possible. OI data, support and resistance, VIX and PURE MATHS is the only thing I have followed and I must say it's the only thing I needed, no fancy analysis whatsoever. My success is 80%, I make sure the wrong trades don't hit me hard as I can always compensate losses within few weeks if not days.
Excel sheet for breakevens, constantly editing sheets, tracking Greeks, manual order placing one at a time on my UPSTOX platform, slippage, order execution fear(placing butterfly spread, sometimes it just not getting filled at right price) is making my life quite difficult.
Maybe I am still doing it in old fashion as haven't bothered to look around what's new, I was just use to it.
I saw some people on YouTube placing this kind of strategies with so much ease, ONE click and irons condor strategy placed!! Realtime trade Greeks, realtime credit/debits calculations,I mean I can be so much relaxed. I can just concentrate on trade adjustments.
What I am missing?
Excel sheet for breakevens, constantly editing sheets, tracking Greeks, manual order placing one at a time on my UPSTOX platform, slippage, order execution fear(placing butterfly spread, sometimes it just not getting filled at right price) is making my life quite difficult.
Maybe I am still doing it in old fashion as haven't bothered to look around what's new, I was just use to it.
I saw some people on YouTube placing this kind of strategies with so much ease, ONE click and irons condor strategy placed!! Realtime trade Greeks, realtime credit/debits calculations,I mean I can be so much relaxed. I can just concentrate on trade adjustments.
What I am missing?