The day that was…converted #Nifty shorts into positional longs at 17302…rolled over longs into May…took 4 intraday option trades which gave profit of 51k…stock portfolio was down 96k (0.31%) primarily because of TV18 and Network18
Intraday option trade performance for April series (Note: the profit shown in day-wise screenshots will be little more as the below numbers are after brok and taxes).
You would recall my earlier tweet on the topic of "intraday option strategy". The reason this strategy is very important for me is because, this is the strategy that will help me survive as a full-time independent trader (if and when I leave my job)...
The purpose of "momentum investing" strategy is to create long-term wealth.
The purpose of "Nifty trend-following strategy" is essentially to protect the stock portfolio during hard-times. I am ok, if Nifty strategy doesn't make me huge money, because it's primary
The purpose of "Nifty trend-following strategy" is essentially to protect the stock portfolio during hard-times. I am ok, if Nifty strategy doesn't make me huge money, because it's primary
responsibility is to be the "body-guard" for my stock portfolio. If it gives me good profit, that's an added bonus.
However, the intraday option strategy is very important to me, because this is the only strategy that will give me regular income (on an almost daily assured
However, the intraday option strategy is very important to me, because this is the only strategy that will give me regular income (on an almost daily assured
basis). If I ever become full-time trader, "momentum investing" and "Nifty FUT trend-following" is not going to pay my bills. It is this intraday option strategy. As you would see from the April month performance table, the beauty of this strategy is fairly assured income.
The absolute amount is small (average daily income of ~37k over 16 days), but it's the fact that I can actually "depend" on it, is what makes it very important for me.
Let's how does this strategy do in May.
Let's how does this strategy do in May.
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