
Need a review: Nifty strangle
Hello
Can you please help in reviewing my nifty strangle. I understand upside and downside risk and have a mental adjustment to be made at key levels to this.
Trade
30July sell: 22500CE and 26000PE entered on 5-May-2026
Mechanics
- Manage at 21DTE
- Book 50% profit(~7-7.5K)
- Mental stop loss of max 3x gain(~40K)
As you can see from the picture I have rolled untested side once to 25300 to collect more premium.
Can someone please review this and help me get better at this.
I was able to see 3.8K profit on this within couple of days and didnt booked. Now thinking should there be rule to book 25% profit within 1 week on entering ?