Today Banknifty opened gap down, reversed direction in the morning session and spent the rest of the day going sideways. This type of market movement is bad for trend following strategies. As expected, today our option buy strategies incurred losses.
Profit / Loss of Our Strategies:
- BN Futures 5 min Renko – Total Trades (7) – Profit/Loss (-3063)
- BN ATM Options 5 min Renko – Total Trades (10) – Profit/Loss (-2315)
Detailed insights into the strategy can be found here.
Disclaimer: The profit and loss figures provided above are for educational purposes only. Implementing these strategies without adequate knowledge may lead to losses. For more information and guidance, please contact me at: simplestrategieswork@gmail.com