Thank God that something is working out.
Our regular option buying trades are mocking us everyday by going wrong at the slightest moves. At least this strategy is living up to its name. Yesterday, the BANKNIFTY was the weak part of the market. It did not recover with the rest of the stocks.
Our trades gained a little through BANKNIFTY PUTS. We do not make a choice. The strategy should work out either through sold options or through bought options. The position at close yesterday:
If by any chance, the mark to market profit reaches near Rs. 23000-24000 level, that would be the time to exit. It may happen today or not happen at all. Let the market decide for us while we wait with the trades.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.