After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1
๐๐๐๐ง๐๐ฃ๐ ๐ข๐ฎ ๐ฌ๐๐จ๐๐ค๐ข ๐พ๐๐'๐ ๐๐ ๐๐๐๐๐๐๐๐๐
๐๐ ๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐
๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐๐ 50๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐
Simple and effective way 2 make Money
After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes
More from Optionslearnings
There are many strategies in market ๐and it's possible to get monthly 4% return consistently if you master ๐ชin one strategy .
One of those strategies which I like is Iron Flyโ๏ธ
Few important points on Iron fly stategy
This is fixed loss๐ด defined stategy ,so you are aware of your losses . You know your risk โ ๏ธand breakeven points to exit the positions.
Risk is defined , so at psychological๐ง level you are at peace๐โโ๏ธ
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
One of those strategies which I like is Iron Flyโ๏ธ
Few important points on Iron fly stategy
This is fixed loss๐ด defined stategy ,so you are aware of your losses . You know your risk โ ๏ธand breakeven points to exit the positions.
Risk is defined , so at psychological๐ง level you are at peace๐โโ๏ธ
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
