Alright folks .... Today was another rangebound day with no big opportunity at all (especially in weekly options) .... This whole week has been like that only. It had 'premium erosion' written all over it. But our new and effective formula of trading around 2:30 PM will never fail and will always give us profit. I tried only once at 2:30 PM but to no use. No big profit .....
It's fine .... It's part and parcel of a trader's life. This complete week was solely dedicated to optionwriters. Overall, it was a good week (even after market was rangebound). Monday, Tuesday & Wednesday were extremely good. But no big profit on Thursday & Friday mainly due to lack of any movement. But the good thing is that our approach and method was extremely good. We did not surrender in front of big optionwriters (FIIs & DIIs). We will surely make huge money in coming days if we maintain same approach.
We need to be very careful now. There will be huge movement next week as its a monthly expiry week. Plus, market is looking all set to move after so many days of consolidation.
OK friends ... Have a nice weekend .... Forget markets for two days. Spend time with your loved ones and family ..... We will meet again next week ..... Bye for now .... best wishes.
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