Hi friends,
My trading plan:
1. Broker - zerodha
2. trade option just OTM (for high fluctuation)
3. trade 500 qty of nifty option
4. target = Rs 0.5
5. sl = rs.1.5
6. it should be bracket order
my plan is to keep target very small so that it will hit very easily. keeping sl just in case trade goes suddenly in opposite direction.
our target must achieve within few min of trade.
so we get 500*.5=250 less brokerage 50 net profit 200 per trade.
if we execute x number of trade per day, chances are we will hit target more often then sl.
I have not tried this method yet, but asking if anyone has tried it before.
please experts suggest
My trading plan:
1. Broker - zerodha
2. trade option just OTM (for high fluctuation)
3. trade 500 qty of nifty option
4. target = Rs 0.5
5. sl = rs.1.5
6. it should be bracket order
my plan is to keep target very small so that it will hit very easily. keeping sl just in case trade goes suddenly in opposite direction.
our target must achieve within few min of trade.
so we get 500*.5=250 less brokerage 50 net profit 200 per trade.
if we execute x number of trade per day, chances are we will hit target more often then sl.
I have not tried this method yet, but asking if anyone has tried it before.
please experts suggest