Hello ,
Would like to have suggestions , how to best execute my strategy for scalping one point out of Nifty ITM options. Will be placing bracket orders on Interactive Brokers. Want to do this once a day.
1.What would be the perfect instrument (strike price / month) for max leverage and activity.
should i just see the top traded option and choose. is it better to select next month option towards the last few days before expiry. considering that somewhat higher premium(rs.200 odd) may have n easier movement of rs.1 than an option premium at rs.40 - 50 etc. how much In the Money is suitable.
2.Plese suggest how much lower should the stop loss price be.
from money management point of view / allowing space in the price from minor fluctuations. eg buying at 200 intending to sell at 201 - what should be the stop loss. 198 is too close and can get triggered easily , 190 is too low - can cause much loss.
3.how to understand the right time of day / price point / price action / buy sell gap / observe which graph to carry on the trade. Technical Indictors will not have time to develop s the objective is to get in and out within moments. max time limit is 5 - 10 minutes.
4. total capital amount = rs.20 - 30 lacs - is it possible to execute orders successfully and quickly to scalp one point - is it too big an amount to execute ?
Would like to have suggestions , how to best execute my strategy for scalping one point out of Nifty ITM options. Will be placing bracket orders on Interactive Brokers. Want to do this once a day.
1.What would be the perfect instrument (strike price / month) for max leverage and activity.
should i just see the top traded option and choose. is it better to select next month option towards the last few days before expiry. considering that somewhat higher premium(rs.200 odd) may have n easier movement of rs.1 than an option premium at rs.40 - 50 etc. how much In the Money is suitable.
2.Plese suggest how much lower should the stop loss price be.
from money management point of view / allowing space in the price from minor fluctuations. eg buying at 200 intending to sell at 201 - what should be the stop loss. 198 is too close and can get triggered easily , 190 is too low - can cause much loss.
3.how to understand the right time of day / price point / price action / buy sell gap / observe which graph to carry on the trade. Technical Indictors will not have time to develop s the objective is to get in and out within moments. max time limit is 5 - 10 minutes.
4. total capital amount = rs.20 - 30 lacs - is it possible to execute orders successfully and quickly to scalp one point - is it too big an amount to execute ?