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Karmanya Gupta
Karmanya Gupta
Aestroix | Graduate Analyst @ Deutsche Bank | ex-IIESTian | Java-Angular Developer | FnO Trading Enthusiast
Published Apr 1, 2023
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Markets at 9:15, as we all know, during the first few minutes are very volatile and unpredictable and to play safe in the markets we should ignore the first few minutes.
The Strategy that I will share with you peeps works after the initial turmoil has settled down and the market has started taking its shape in the intra-day time frame. So, for those who believe more in investing, kindly read this article with a curious heart.
How to play safe?
That's it for the entire strategy, everyone. You can have multiple entries in a single day too but remember the time frame will be from 9:15 to 10:30 am or 1:00 to 3:00 pm because this is the time of good volume and liquidity i.e more people will be active in that period and you will get desired returns on your trades.
Now, Let's show you the backtesting results for 2022...
✅ green: Profit
⭐️ yellow: breakeven ( minor loss or minor profit )
❌ red: Loss
Trust me ;) saves you a lot of money as an option buyer.
December 2022
Profitability: 63%
Profitable days: 12
Loss days: 4
Breakeven days: 3
No trades: 3
Trading sessions: 22
November 2022
Profitability: 45%
Profitable days: 9
Loss days: 5
Breakeven days: 6
No trades: 1
Trading sessions: 21
October 2022
Profitability: 45%
Profitable days: 9
Loss days: 5
Breakeven days: 6
No trades: 1
Trading sessions: 21
September 2022
Profitability: 28%
Profitable days: 6
Loss days: 5
Breakeven days: 10
No trades: 1
Trading sessions: 22
August 2022
Profitability: 44%
Profitable days: 8
Loss days: 1
Breakeven days: 9
No trades: 2
Trading sessions: 20
July 2022
Profitability: 53%
Profitable days: 10
Loss days: 1
Breakeven days: 8
No trades: 2
Trading sessions: 21
June 2022
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Profitability: 55%
Profitable days: 11
Loss days: 1
Breakeven days: 8
No trades: 2
Trading sessions: 22
May 2022
Profitability: 65%
Profitable days: 13
Loss days: 0
Breakeven days: 7
No trades: 1
Trading sessions: 21
April 2022
Profitability: 50%
Profitable days: 9
Loss days: 1
Breakeven days: 8
No trades: 1
Trading sessions: 19
March 2022
Profitability: 80%
Profitable days: 16
Loss days: 0
Breakeven days: 4
No trades: 1
Trading sessions: 21
February 2022
Profitability: 70%
Profitable days: 14
Loss days: 2
Breakeven days: 4
No trades: 0
Trading sessions: 20
January 2022
Profitability: 55%
Profitable days: 11
Loss days: 1
Breakeven days: 8
No trades: 0
Trading sessions: 20
Summary:
Something to add...
I know you will have a lot of doubts,
and I am more than happy to answer them all.
Ask me over my Instagram: https://www.instagram.com/ikarmanya/
Thanks for reading ! Should I post it over medium too ?
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5 Comments
Wesley Laban
Senior Credit Controller at Apartmentbox
1mo
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Hi, does a wick count as a break or does the candle need to close above or below to get the breakout?
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Seandre Sadler
Teacher at Cleburne ISD
5mo
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Quick question. Once it breaks and you buy are you holding it all day or are you selling after 10-20%
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