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Friday, 27 September 2019

Options buying - Part time Trading, Day 21, Oct' 19 Series, 27.09.2019; 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 STRATEGY INTRODUCTION vis. RULES OF TRADING

Day 21:

   Today is a flattish day with mild volatility and dived down with quite big red bars at the end of the day. Means it ended in bearishness.

As per our strategy, Yesterday we got our SL hit in BHARATFORGE on PE side. Actually we should have lost only 2-3 premium points. But we lost half value. The exact reason is low volume. Due to less volume, we are forced to sell for lower rates. As per our rules, we should not take low volume trades. But its human tendency to make mistakes but where we improve is changing ourselves and avoid to repeat again. The PE looked so charming that I ignored volume, a FOMO disease. But now i take a pledge that i wont fall for FOMO again. Due to this, our holding got a ding already of Rs. -6000/-. Hopefully we will recover by the end of the month.

Today we got NO trades as per our strategy.

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

Let's wait for 30.09.2019 3:00 PM to see what's the gift our market kept for us. Bye Byeeeee...!

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