Bank Nifty Podcast 27 Aug 2024
Took two trades today.
1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish".
2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had some other plans. The market remained sideways for sometime which resulted in decay in the premiums.
Notes:
- Never take any trade even with 50% risk, because sometimes "No trade is also good trade"
- 2nd trade should have been taken with debit spread as next day is expiry and already Bank Nifty had moved more than 200 points.
1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish".
2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had some other plans. The market remained sideways for sometime which resulted in decay in the premiums.
Notes:
- Never take any trade even with 50% risk, because sometimes "No trade is also good trade"
- 2nd trade should have been taken with debit spread as next day is expiry and already Bank Nifty had moved more than 200 points.
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