Introduction
Option trading is always considered as a high risk option and yes it is. It always involves a high amount of risk, leading the capital to be exhausted easily. The major reason involves emotion and a non-systematic approach to trading. Traders seek a guaranteed strategy, but the market’s design makes it difficult for them to quickly earn profits. However, there is always a chance of making profit if trading can be done systematically and without any emotion involved. For example, risking 2% of capital per trade is often considered as the best trading practice while dealing with derivatives. Also, there are many good articles available on the internet on proper trade management, risk management and capital management. Understanding derivatives can be time-consuming. At first, they may seem simple, but they are actually quite complex. Nowadays, platforms play a significant role in trading because they allow for emotionless transactions.
Stockyfly Algo Monthly Update – July/2024
A total 48 number of trades executed in July month. 1st week and 2nd week closed strong green. 3rd and 4th week red and last week strong green. 23rd July – the budget day was the day when we got maximum Stop losses. Afterwards, algo program managed to recover it’s max through good risk:reward concept from 25th July to 31st July.
Monthly Gainers – July Top 5
Case Study
Profit or loss display in above image are being captured by the system from the real trading account. It signifies consistently adhering to a fixed risk sizing strategy. Traders can modify their trading settings, like lot size and trading frequency, in the Algo Configuration section of the app. Looking forward to the upcoming weeks of this month.
Important: No performance report can guarantee a certain profit on any Algo platform. Algo platform should not be considered as a quick mechanism to make money overnight. There is a possibility of consecutive stop losses being hit, eventually causing a notable loss. Option trading is subjected to high risk which may exhaust all capital.
Algo related query and Onboarding: Telegram: @mausumip Whatsapp: 8658013933
