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Monday, 9 September 2019

Options Buying : Day8, Sep'19 Series, 09.09.2019; Strategy Testing

Hello Reader,

  Welcome to Option Buying: Strategy Testing, As usual disclaimer: This is testing blog series, So strict advise not to trade only for observation.

If you are new reader pls visit INTRODUCTION AND RULES OF TRADING

Day 6:

Today nifty opened flat and started towards negative. Seems profit booking and after continued to be in uptrend and withstand the same. Now the short term nifty trend seems positive but we can say bears are still roaming around.

Our holding APOLLOTYRES hit the SL and we booked out at 1.65 causing us loss of -6150. We skipped IBULHSGFIN due to high IV but it hit target on Friday. No worries, we will still stick to our original plan.
We are now at realised profits of Rs. 3,140+ for Sep'19 series. we lost 4 trades out of 6 making us to stand at an accuracy of around 35%. But still we are profitable only because our RRR.

As per our strategy, Today we got MARICO on buy side, all the conditions matching. We took 400CE at 3.1 so our Max. risk is Rs. 8060.

all OPTIONS BUYING done, below given the status, stop losses and targets as per our strategy.

Let's wait for 10.09.2019 3:00 PM show to see what's the gift our market kept for us. Bye Byeeeee...!

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