Here's a detailed analysis of 920 Straddle with 25% SL using @stockmock_in platform. This analysis would show which days are max profitable, how it behaves on gap days and how it behaves on different VIX days. ๐Ÿงต

Here's day wise total profits, Wednesday are the days it has generated highest profits compared to all other days and Friday being the least profitable day.
Here's day wise average profits, obviously Wednesday are the days it has generated highest average profits compared to all other days and Friday being the least profitable day.
Even the live profits after all charges generated through 920 straddle trading bots at https://t.co/AKj4vqky6X also reflected Fridays are not profitable when you incur all charges. Wednesday being the most profitable day. Live profits are shown here https://t.co/3hgti23lRB
Here's total profits made during gaps, when day open is greater than previous day high, Day open < Prev day low and flat days. Irrespective of gaps, its able to generate profits over all. Even the avg profits denotes the same
Here's the VIX analysis with respect to 920 straddle over all profits. There is a large misconception that high vix would end up in loss, but the results shows that even in High Vix 920 straddle made money.
One important thing to note with 920 straddle is most of its profits will come from few trades. out of 1300 trades in last 5 years, If I remove top 10% of the trades, that is if I remove 130 trades, then the overall results turns negative.
But that's how a typical breakout system works, returns are always non linear. You can expect steady returns from such strategies, there will always be periods of prolonged drawdown. The one who sails through such rough phase with less damage eventually reap the benefits.

More from Kirubakaran Rajendran

I have been watching movies from a very early age and I just love it. Watching a good movie makes you forget that you are actually watching a movie. Here's a master thread about reviews of all the movies I have shared in twitter so far.Trying to find a weekend movie? Here it is


https://t.co/gjTHTKyyb2


https://t.co/ZCNxllFLB0


https://t.co/uqlAlXdFga


https://t.co/wMf9Q0G6uY
If you are someone who spends more time on analyzing markets during trading, then this for you. Certain traders will create their own bullish or bearish view in their mind but seek confirmation for their trades which is called as confirmation bias. #tradingpsychology 1/15


We do not like people or information that contradicts our thoughts. We like them when they confirm what we think. Hence, we tend to place more weight on information that confirms our trade position. Example- You think market is bullish & wanted to go on a long position,

Next a new bullish bar prints on the chart. You would think "Yes, my bullish proposition is still valid" (even though this bullish bar is smaller range)

A bearish bar prints. But you think "this bar lacks momentum" (because you already have firm belief that market is bullish)

One more bearish bar follows, pushing against a support level. But you would think "the support level is holding" Bullishness confirmed. Buy more! (even though this bar closed below the support level with clear momentum.)

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๐ŸŒฟ๐‘ป๐’‰๐’† ๐’”๐’•๐’๐’“๐’š ๐’๐’‡ ๐’‚ ๐‘บ๐’•๐’‚๐’“ : ๐‘ซ๐’‰๐’“๐’–๐’—๐’‚ & ๐‘ฝ๐’Š๐’”๐’‰๐’๐’–

Once upon a time there was a Raja named Uttฤnapฤda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"