Life is never a straight road to success. There are bumps, pot holes and speed breakers. Still we keep on moving avoiding the hindrances to the best of our ability and keeping the destination in mind.
I never thought that the trading journey on this blog would be so smooth.
For March and April Expiry series, I focused on the performance of the selection process and saw that the results were fantastic. As the correct yardstick for judging the success of a selection is by Futures Trades, we saw that 28 trades ( Futures) taken in these two months would have resulted in a profit of Rs. 363000 with 12 wrong and 16 right trades.
From May 2018, we made our assignment more difficult. We applied the same method to Option Buying. the added factor here were — Time, strike Price and Volatility. It is not easy to find trades that will work out month after month. We know the conventional market wisdom — Option Buyers do not make money.
We decided to defy this conventional wisdom and thanks to the market have been successful so far over the 8 month period. I know this is not a very long period to claim success but it surely indicates that we may be doing something right.
We need to see that percentage of success improves a little bit to give more confidence. But I am alright with a low success rate too as long as profits keep coming.
Trading is all about keeping your wits and patience when things go wrong.
There was very good support from the readers in August when almost every trade went wrong. Then we were rewarded with the bountiful September. I saw the best ever profit in Options Buying in my personal trades as well as in this blog posts. That was the reward for patience and belief. Naturally those kind of profits are not sustainable and after a small profit in October we saw a decline in fortune in November and December.
Then I got this comment from a reader :