Today is an interesting day. On the chart, it looks like a trending market until mid-day, and after that, the market goes sideways. But this chart movement is not directly reflected in the option prices. Our option-buy strategies are based on ATM option prices, and ATM option prices fluctuated quite a lot today. Why? We do not know. And as trend-following traders, we do not need to find out either. Our job is to follow the rules and take trades every day. Profit or loss is up to the market to deliver. Today, all strategies gave losses.
Bank Nifty Chart:
Profit / Loss of Our Strategies:
- BN Futures 5 min Renko – Total Trades (7) – Profit/Loss (-5957)
- BN ATM Options 5 min Renko – Total Trades (15) – Profit/Loss (-4771)
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