The strategy is to buy all 3 stocks @ 9:15 at the opening rates and put a sell @ 2% higher than cost.Whichever stock doesn't get sold, we hold it without SL for the next trading day.
If on a particular trading day, only 2 stocks are sold @ 2%+ and we are holding 1 stock, then the next day we will buy only 2 fresh stocks and put the sell orders for all the 3 stocks @ 2% higher than cost.
This strategy has been working well on Zerodha, because Zerodha has a basket order product. Other brokers may also have similar products, but all those who have been testing this strategy, including yours truly have done it on Zerodha with good to great results.
This is a no-brainer way to earn small (we keep only a 2% spread) but sure-shot profits & since we are only trading in the Universe of the Sensex Stocks, the chances of being stuck in a dud/non-investment grade stock is 0.
The selection of the 3 stocks is done by a proprietary stock screen developed by me over the last 3 years.
There are no emotions, fundamentals or SGX Nifty cues to follow.
No of days the Service has been live: 113
Total Calls Given: 339 (113*3)
Closed Calls: 293 & Open Calls: 46
Average Holding Period of the Closed Calls:6.74 Days
CLOSED CALLS (in April):-
|Service||Annual Fees (₹)||Monthly Fees (₹)|
|3 Sensex Stocks for the Day||10000||1000|