HELLO FRONTPAGERS,
Want to Find out If Options Trading is Profitable or not?
Testing out a strategy in options trading.
• My strategy is very simple and easy, there is no price action, no Smart Money Concept and no options chain analysis, no institutional tradings.
✓ TRADE STRATEGY: The Famous 9:20 am Strategy (which is considered to have a very low accuracy)
✓ TRADE INSTRUMENT: BANK-NIFTY
✓ CHART TIMEFRAME: 5 MINS
✓ RISK TO REWARD RATIO: 1:2
✓ PROCESS OF TRADE:
1. As we all know, I will mark the high and low of the 9:20 am candle.
2. After that I will shift to the 1-minute time frame for precise entry.
3. If a 1-minute candle breaks the high or low of the 9:20 am candle, I will initiate my trade.
4. And the stop-loss will be the low of the 9:20 am candle.
5. If the Index price hits the low of that candle I will exit the trade.
6. I will hold the trade till 3:00 pm until we get the target or stop-loss.
✓ LOT SIZE: 20 LOT (i.e. 300 quantity)
✓ OPTION STRIKE PRICE CHART: At The Money (ATM) Strike Price Chart.
✓ START AND END DATE OF THE EXPERIMENT: 30/09/2024 TO 30/10/2024 (1 Month)
=} AVAILABLE BALANCE IN FRONTPAGE PORTFOLIO: 12.06 Lakhs.
Important note: I will upload every day's trade result, after the market ends in this group.
• Let's see, if this simple and low-accuracy trade strategy will increase the portfolio size or if it will draw down till October 30th, 2024.