This Year, My goal is to trade as less as possible. PERIOD!
Would be trading & tracking in Bank Nifty Options
Monthly Options would be in my radar most of the times or to say all the time!
Weekly options is my second options in my table or mind, want to trade as less as possible by 2019 end, I would be happy to know on December 31st 2019 – out of 40 weeks – I want myself to have traded in 15 to 20 weeks not more than this
If I have traded more than 20 weeks , though my analysis is right and I have made profit
I WON’T BE HAPPY 😢
The first lesson in options is less trade is best trade
The second and final lesson is no trade in options is great trade 😂
12 months – 12 opportunities in monthly options expected, sometimes may be 15 to 18 ideas maximum! Or 3 to 6 least!
Would be trying to find, or if it finds me either way would be happy
My least expectation is I Wanna find atleast 2 or 3 – 4 great RIGHT ideas out of 10 trades if exists
If my ideas work out as I have planned, would be able to get return from 3 to 7 minimum times, risk would be 30 to 50 percent per trade
That is on average 40 percent risk 500 percent return
That is 1 :12 ratio 👍
IF, I LOSSE MAY BE 5 trade ideas, would be ready to loose 40 percent to 50 percent each trade
Conclusion – out of 12 months, my job is to find 2 to 3 great ideas
I am not going to trade all 12 months
May be if I get, I will
Now how much I would trade per trade
15,000 to 20000 per trade example
Risk is 50 percent at outset per trade
That is ready to loose 7500 to 10000 rs per trade
Now, imagine if the trade works out as per my idea
Will make 5 times per trade
That is 75000 to 100000 rupees per trade
Always first think of risk, if not ready to take risk
Don’t come to markets, don’t even turn to options markets
If I invest 15 k to 20 k per trade
Imagine, if i get opportunity of 8 ideas for the year
4 works out, 4 don’t work out
Lets start with negatives
Life think of positive till last breath
Markets think negative till last ruppes in hand!
Henceforth, ready to loose 30000 to 40000 loss for 4 trades
If it turns gold, 300000 to 400000 rupees return
The biggest question, is do we have discipline to follow the above plan
Knowing what price to buy or sell any fool can suggest, including me 😂
Amount above written is example
I may do more or less
All the best to myself and others
Trade less, trade from savings money
Sagar U.S
