October 11, 2018

How to trade today?

Just thinking...

- I do not have an overnight short position (fortunate I am not long)
- market will open say 200 points down
- VIX will jump up 8-10% making options very expensive
- good support around 10220 F

- if it opens near support, it will difficult to take a short position
- taking any position is a problem as average move can be 50-70 points in few minutes

- if I risk 5000 for a trade and average SL is 100 points, then I can buy only 50 nifty
- but lot size is 75
- so the only way is to increase risk (no no) or wait for a chance where SL becomes small

What if I don't trade? May be the best thing.

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