Today, Bank Nifty opened with a gap up of approximately 300 points. However, after this initial surge, it traded sideways within a narrow 200-point range throughout the day. Due to the volatility in Bank Nifty futures, our futures strategy incurred losses, while the options strategy delivered a profit.
It can be challenging for traders to see the gains made on October 1st wiped out by just two days of losses in the futures strategy. However, this is the inherent nature of trend-following strategies. Patience is the essential virtue for any trend-following trader.
Bank Nifty Chart:
Profit / Loss of Our Strategies:
- BN Futures 5 min Renko – Total Trades (5) – Profit/Loss (-1680)
- BN ATM Options 5 min Renko – Total Trades (1) – Profit/Loss (+2868)
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