Wednesday, October 16, 2013

Strategy as of today

Money Invested : 15,000
Instrument : NIFTY Call or Put options with price in range 100-150
Lots : 2
Lot size : 50
Initial setup : Bollinger bands are moving in upwards direction.
Strategy : Buy when price jumps of the middle bollinger band after returning from the top bollinger band.
Target : 10 points
Profit potential : 1000
Recovery : If the trade goes bad, then buy 2 more lots when the price starts to bounce back. Sell of with a loss if the market does not recover at all. 

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