Today was a downtrending day in the market, which worked well for our option buy trend-following strategies. In the morning, when the trend was strong, our profits were substantial. However, as the day progressed, theta decay in the options eroded some of those gains. As the trend lost momentum, the impact of theta decay increased further. Still, as committed trend followers, it’s essential to follow our rules and accept either profit or loss at the end of the day. Ultimately, we should be content with whatever results the market provides.
Profit / Loss of Our Strategies:
- BN Futures 5 min Renko – Total Trades (4) – Profit/Loss (+3054)
- BN ATM Options 5 min Renko – Total Trades (10) – Profit/Loss (+2487)
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