I earned big using this strategy 2 times before. But luck played a big role in both the cases. Today i was finding it hard to get my steps right. If this bet took place say a week before, then i wouldnt be so worried as the direction was in a straight line and 5200 never really offered any resistance after it broken down. Thats almost a 350 points from from 5200. Please dont assume that i am some expert on this. I am learning as i practice on someone else's money. I'll be here for some time now, and this is just a log of every day event. Feel free to paper trade along with me. chances are, you might bring a new insight to this strategy.
SGX is pointing to a gap up to 4895 region. That opens a nice window of opportunity. Assuming the jan straddle is worth 50 plus, i'll try to capitalize that today.
I am surprised by the strength of the bears... 10 min is all they took to over power the bulls... we opened near 4895... but the selling started from the word go...