Take overnight option position only when there is clear and strong trend and most world market and nifty in same trend. Not like now, where most world market are down & only technically bullish nifty is giving a sole fight and trying hard to sustain that up trend till last hope .... a fundamental news.
that could only come on Sunday.
Such surviving times are always choppy & fast unpredictable movements happens too until trend changes to reverse or current trend win the survival time.
Better be light on position size until Sunday results. We can get a clear indication of trend next week monday onward.
I truly believe that a day trader don't need to trade every day for profits, specially in such risky days and not with same position sizes also.
We need to preserve our capital when choppy move expected. Respecting both bull and bear at the same time (choppy time) is difficult for mind. :rofl:
Trading is a difficult profession where every penny saved is a penny earned too.
Best Wishes.
Happy Trading.