Hi Experts,
I have recently started trading in Options and have understood the importance of Stop loss recently while I was going some paper trading.
My idea is to trade in Nifty options with a trailing stop loss. In paper trading I was giving a stop loss value of (current price - Rs 2) and it worked out pretty well.
Anyone have tried this and what is your suggestion about this?
Also is there any formula/method to calculate the Stop loss according to Daily Market volatility that is there in the NSE options data page. Doyou think this will work out better?
I have recently started trading in Options and have understood the importance of Stop loss recently while I was going some paper trading.
My idea is to trade in Nifty options with a trailing stop loss. In paper trading I was giving a stop loss value of (current price - Rs 2) and it worked out pretty well.
Anyone have tried this and what is your suggestion about this?
Also is there any formula/method to calculate the Stop loss according to Daily Market volatility that is there in the NSE options data page. Doyou think this will work out better?