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 Weekly Update
This week with 4 trading days and 1 exchange holiday. This week is less loss but more brokerage week comparing previous week. Previous week, 9 trades were executed, whereas this week it was doubled to 16. Previous week’s net profit 2,201 as this week -944 approx per lot. Considering budget day, expect market to give good momentum.
July 2024
(Per LOT gain)
1st Week Gain : +2201/- No. of Trades: 8
2nd Week Gain: +2797/- (highest gain) No. of Trades: 9
3rd Week Gain: -944/- No. of Trades: 17
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Monthly Gain as of now: +4,054/-
3rd Week Trade Details:
July Month Trades So Far (1st July to 19th July)
Weekly Case Study
Monthly Gainers (July) Top 5
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
