how to avoid range bound day in nifty option trading
When not to trade in nifty option.
how to know, that today is no trading in nifty option.
how to avoid low momentum day.
In nifty or bank nifty options. most of the days are no trading days. mostly sellers will not let the market to move much. most retail traders gets trapped.
you buy put and market goes up, you buy call and market goes down. in most cases this same thing happens.
what you have to do is, wait for break out day. in a month you get 4 to 5 days. just wait for proper setup.
on 20th October 2023 it was no trade day. you can see the chart. 15 min cart. mark high and low of 1st candel.
in the chart above you can see. the 1st 15 min candle was hammer candle. many retail traders will buy call and then loose money.
so in option buying, wait for setup to form. if you are not understanding the setup, till that time dont enter. make sure your stop loss is not very big. manage proper risk.
dont loose hope, if you missed the trade. if you missed buying, you only missed the profit, but your money is not lost.
BUYING NIFTY OPTION WITH STRATEGY.
PLEASE NOTE, BEFORE READING AND SEEING THIS STRATEGY, MAKE SURE THIS IS JUST FOR EDUCATION PURPOSE. I AM NOT SEBI REGISTERED. IT’S NOT CALL OR PUT BUYING ADVISE.
I AM JUST SHARING MY VIEW. IF YOU LIKE IT. YOU CAN FOLLOW. PLEASE BACK TEST AND DO YOUR OWN RESEARCH, BEFORE ENTERING REAL TRADE. OPTION IS VERY RISKY, SO DON’T FOLLOW ANYONE, BLINDLY. DO FULL PRACTICE AND KEEP PROPER STOPLOSS AS PER YOUR RISK.
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