Hi,
I started to trade Options this month with Kotak Securities.
Capital: Rs 30,000
you havent mentioned the drawdown of ur trading system,most of the best traders backtest their trading system thoroughly and know theirs pros and cons so clearly u dont know how much capital to use and how much to keep aside to cope up with drawdowns/losing streaks...
System: Vertical Spread based on Break out of underlying on Weekly Timeframe.
Instrument: Bank Nifty and any other that fits within the Capital
Previous experience: Currency and Commodity
Note: Reason to trade Option is I can wait for that one trade in a month to earn 100-200 points
you know how much u want to earn but you havent defined ur stoploss what was the RR ratio?
I started to trade Options this month with Kotak Securities.
Capital: Rs 30,000
you havent mentioned the drawdown of ur trading system,most of the best traders backtest their trading system thoroughly and know theirs pros and cons so clearly u dont know how much capital to use and how much to keep aside to cope up with drawdowns/losing streaks...
System: Vertical Spread based on Break out of underlying on Weekly Timeframe.
Instrument: Bank Nifty and any other that fits within the Capital
Previous experience: Currency and Commodity
Note: Reason to trade Option is I can wait for that one trade in a month to earn 100-200 points
you know how much u want to earn but you havent defined ur stoploss what was the RR ratio?
dear pannet i have some questions arising in my mind pls dont take it as a criticism instead take it in a positive way,now forget the blunder made lets analyse what you have done or trying to do...