created : 3 weeks ago| | live deployment: 1
Strategy description
Nifty Weekly Option Strategy
This strategy is designed to take positions in in-the-money (ITM) or at-the-money (ATM) weekly options on Nifty, based on the current market trend. The goal is to capture sustained market trends, although it may experience losses in a sideways market.
- Positions: Call (CE) or Put (PE) options based on the prevailing market trend
- Type: Positional strategy
Before Deploying Live
Start with Paper Trading: Paper trade the strategy for at least a week to understand its dynamics fully. Use this time to analyze results carefully before moving to live trading. Patience and thorough analysis are key.
Diversification: Spread your capital across multiple strategies instead of using a high multiplier on one. Each strategy may respond differently to changing market conditions.
Avoid Manual Intervention: Once live, avoid manual adjustments, even during losses. Allow the strategy to operate independently. Deploy it only when you feel confident in its mechanics after paper trading.
Multiplier Consistency: Keep the multiplier constant for at least a month to maintain consistency in the strategy's application.
Commitment to the Strategy: Allow at least one month before evaluating the strategy’s effectiveness. This is a structured approach, not a quick-profit scheme. Accept potential losses as part of the process.
No Changes During Market Hours: Avoid making any modifications during trading hours, such as altering the multiplier or pausing/reactivating the strategy.
Disclaimer
I am not a SEBI or MCX-registered advisor and am not responsible for any losses incurred in connection with this strategy. Before trading, consider your investment objectives and risk tolerance carefully. If you are not fully aware of these risks, seek advice from a qualified financial advisor. All trading strategies are undertaken at your own risk.
