You can notice no level work if trading is based on some news. Still people make mistakes.
- Never go against the tide in news based trading.
- Do not do adventurer trading by taking put (that too if getting cheap)
- Avoid any trade in option if it is near expiry because of time decay factor
- Most of the trader simply forget that they can't manage their risk like professional by buying different call/put spread and other techniques like butterfly strategy etc
- Go with the tide if you can not avoid trading and that too after waiting for some time
Next time you may got such opportunity on budget day,
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