It’s been a long day in a market which has been generous to us today.
I was going through the trades we have done in the past two weeks to iron out chinks.
One statistic which caught my attention has been the performance we churned out in the Bank Nifty.
We made a lot of heads turn, when we said that the Bank Nifty was more suited to our style of trading.You have to be quick, it’s volatile, it’s risky were some of the adjectives which were thrown
The Bank Nifty has changed a lot from the time the regulator made it into a 25 point size, bringing much needed liquidity to the index. I still remember the times when the bid-ask spread was so huge, one could drive a truck through it !
Anyways here’s the chart :
We trade in this index when we find a good trade location with risk easy to manage.
Our win/ loss record is 12/3 for the past seven sessions we took trades on this index with a return of 486 points. In the same period the Bank nifty has moved from 11900 on the 14th to slightly above 12300 today for a total range of 400 points only !
The best part of the whole exercise is that in the trading room we have individuals who were calling out trades by themselves today.Our first trade this morning was noticed by and called by people from our trading room.Our Live charts with our system of trading engraved are delivering results and we are happy with that.
So it is not us who are getting these points in, it’s the system of trading we employ in Market Profile which gives the results !
If you are not in Vtrender Live, you are certainly out of a lot !!