This time (today) you are doing new mistake instead of old..
your heart reading Market but market don't care anyone..
if you do chart based then follow the chart ,
now a days market having high volatile...intraday margin reduced, Future margin increased if not hedging, so exchange and FIIS/DIIS are forcing retail inverters to "option market " to trap for their money..
happy trading.
aahhh.....you are absolutely right...I will follow your advice.. I will be heartless in following the chart...
I also wish you all the best...May you be successful...
What I have found out that for Intraday strict SL based trading system, option selling or futures will be more profitable ( if you keep the same Risk per trade). Futures seems to be best for intraday in terms of profit opportunity. but with strict SL as sometimes within 1-2 minutes, huge movements. Overall Risk-Reward is tilted towards the futures as you can take more advantages of volatility or small movements.
But for swing trading spanning several days, buying Options is less riskier as you can not manage next day gap openings ( for swing trading the risk per trade is easier to control in case of option buying as you can fix it before entering into the trade). But you can not control overnight risk by future or option selling. If you follow strict per trade maximum allocation, I think it will be easier not to blow the trading account by option buying strategies. Risk-Reward is more tilted towards the option buying with peace of mind and sound sleep in night.
Hence, I will use Option buying for swing trading
For Intraday trend following Strict SL trading system, I will use Futures. I think it will be suitable for me.
This is my new understanding.
I need to add Rs 35,000 to my account making it to 1.2 Lacs. as in MIS (intraday) Mode, the margin for 1 Lot of nifty future seems to be around Rs 90,000