Developing a Trading Plan
A plan makes execution automatic. It removes "thinking" from the live market chaos.
My Trading Plan (Template)
1. Pre-Market
Check Global Markets, Check Gift Nifty, Mark Key Levels on Daily Chart.
2. Entry Rules
I will only enter IF: Price is at Support AND shows a Pinbar AND Option Chain confirms.
3. Risk Rules
Max 2 Lots. Stop Loss 20 points strict.
4. Exit Rules
Target 1: VWAP. Target 2: Daily High. Trail SL aggressively.
Write this down. Print it. Stick it on your wall.
*Disclaimer: NSE/BSE frequently revise Lot Sizes and Expiry Days (e.g., SEBI Circulars 2024/2025). Always check the latest circular on nseindia.com before trading.
Standard Disclosure: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. The content provided here is for educational purposes only and does not constitute financial or investment advice. AlgoStraddle Academy is not a SEBI registered investment advisor. Trading options involves high risk and capital can be lost.