If long only Equity is a car, it is missing the reverse gear. Black Box Alpha is that missing reverse gear. Derivatives can go short, Buy protection against downside, Write calls options etc…
Without Leverage, expected return is just 10% or above, per year. DrawDown never exceeds 10% of capital. Hedge Strategies are Direction Neutral and Moderately safe.
This is not Intra-Day trading. F&O positions are kept until expiry without churning. Intention is to keep number of trades executed between 4 to 8 per month. This keeps transaction cost tiny.
10 Thousand for every 1 lakh profit.