I am starting this blog to share ideas on trading based on my understanding and experiences. I mostly trade options in Nifty Bank (Bank Nifty). I have very good success initially and then I became too aggressive and lost everything. My learning is clearly what all expert trader always insist - Risk Management i.e., Money Management by Position sizing and Stop Loss(SL)/ Trailing Stop Loss(TSL) is critical for consistent success. Technical Analysis is helpful but success comes only after proper Money Management. I would be happy to be wrong and earn profit than otherwise!
Apart from Risk Management, the option trading required more of timing and target levels that would help to set up trade i.e. Entry, small SL and Exit/TSL. For last few months I was researching on GANN numbers but couldn't get much clarity on calculations and proper use. Last week I got some insight into it and now observing how that works! Would look forward to more discussion with fellow traders.
The journey begins!
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