Hi friends from last few months I am trading in options with some strategies. I am from India. I generally trade in bank nifty weekly options, nifty weekly options & usd inr weekly options. I am feeling happy because I am in profit overall, it is less profit but I have gained some confidence. I am following some money management rules. When I am entering into trading I am taking calculated risk. For example I am taking risk of 600 while profit target is 2000. Sometimes I feel I am over trading which is to be overcome in future.
I found it is very important to trade in the direction of trend. I am able to find uptrend easily but finding down trend is a difficult task. In some cases I am selling options and buying another options for hedging. Options buying is also good but don't risk too much in options. Options buying will give good results in trending market only.