This is just a revision of this strategy and how to trade it effectively...!
http://www.traderji.com/options/28235-good-profit-hedged-nifty-positions-straddle.html
One look at the strategy and it appears very simple. Let me assure you, its not. No method that can make money in this market is ever simple. There are rules and guidelines and adhering to these rules is the only guarantee of a decent result.
This is how i trade the system. Its not necessary that you to follow it like a book. Just try to get the general essence of the trade flow and then you can work on how to personalize it...
I trade nifty intraday and sometimes i'm very agressive. Charts are my only guide. If the chart says buy, I will buy without trying to second guess the system. Options are used as a hedge only. Profit target is 400 points from nifty and 100 points from straddle.
Normal trade duration is 15-20 days.
http://www.traderji.com/options/28235-good-profit-hedged-nifty-positions-straddle.html
One look at the strategy and it appears very simple. Let me assure you, its not. No method that can make money in this market is ever simple. There are rules and guidelines and adhering to these rules is the only guarantee of a decent result.
This is how i trade the system. Its not necessary that you to follow it like a book. Just try to get the general essence of the trade flow and then you can work on how to personalize it...
I trade nifty intraday and sometimes i'm very agressive. Charts are my only guide. If the chart says buy, I will buy without trying to second guess the system. Options are used as a hedge only. Profit target is 400 points from nifty and 100 points from straddle.
Normal trade duration is 15-20 days.