Trading Journal

 Today was a mixed day for algos and discretionary trading. Algos started off losing but recovered and ended up in profit around 2. At that time I exited by trailing profits because by that time disc had caused close to 1K of losses. NF BNF STOXXO DISC MTM = 2280  Charges = ~350  NET = 1930 The morning UP/DOWN market hit losses and kept the basket in red most of the day. After 13:30 or so, it started trending and somehow the basked got into the green. By that time poor discretionary trading had led to 1K in losses. Even with that, the MTM was in green so I decided to exit. First exited THOR BNF and then when more trend happened, trailed and exited. Towards the end, some disc recovery happened. But still, about 20 trades were done. That's too much. MISTAKES: Don't overdo discretionary trading. Learn to hold on to trades to let them play out. Discretionary needs plans and limits of SL at least. Use stoxxo to enforce some of these limits. LEARNINGS: Have good logical plans a...

Exited early today because the market was very volatile and VIX was 17.  Also, JANE PE with pyramiding caught good profits. Thus booked around 1% MTM using strategy level profit trailing. At one point MTM was over 8K but ended up with 6K of profit because of trailed profit hit. Even before 10 am, profits were up. So there was a very high chance of reversal. Which did happen about half an hour after my exit. NF BNF Stoxxo Profits ~ 6100. Also bought some stocks that I had sold on upstox for tax harvesting. And a few more Banknifty ETFs. Will make this a habit to buy ETFs with trading income.

 Very volatile day. Spikes hit SLs a lot. Went into green multiple times, but still closed in RED. AT one point it looked like it'll be another 4-5-6K big loss day. But recovered. NF BNF Stoxxo NET -1600 including charges Observations: Looks like leg-based SLs are easy targets for SL hunting. Need to convert the majority of the ports to either UNDERLYING SL or combined SL. Not sure if HEIMDALL is working. It struggles with any kind of trend. Maybe it's a good idea to swap it with a NIFTY port. NIFTY was less volatile and had a slightly more pronounced trend than BNF. At one point JANE PE with PYRAMIDING was over 2K in green. And yet closed in the red after reversal. Try to add a buying scalping kind of port. Similar to the one shared on the group for FINNIFTY.

 Good expiry. Typical as one would expect. Range-bound markets most of the time. Started trending a little bit in the second half. But didn't cause much trouble.  NIFTY After the initial trend, it ranged till 1:30 pm. And then broke down into another range. BANKNIFTY Opening 5m range lasted till 1 pm. After that gave some directional moves. STOXXO Cap used 5.75L including collateral. MTM : 7858.75 Cost: ~200 NET : ~ 7658.75 Comments: Despite good profits didn't interfere and let the algos run. Nifty hedge issue needs to be looked into. Margin req came close to within 18K of available capital.

Today market moved down very well and within the first 45-60 mins I saw 10K+ green in MTM. Given what has happened in the last few days, weeks, and months, I decided to book profits and close the day. This turned out to be a good decision because markets then reversed 5 mins after my exit and recovered over 400-500 points. This would have been another very tough expiry again if not for the lucky exit. Heimdall triggers at 10 am. I was out before that. Stopped trading after that altogether.  BNF NF PnL = 10400 Observations: IMP: Today was pure luck because I chose to exit when I saw 10K+ profits. Ideally, I should have left the algo to work. However, it turned out to be beneficial because 2-5 mins after my exit, the market reversed and would have wiped out all profits and sent me deep into the red. (Don't have backinzo so haven't done BT yet) This should not become a habit. In fact, this is dangerous that when a manual intervention gives good results, it can affect discipline. ...

Another red expiry today. Been red throughout the day. Again the market range wasn't that much. Less than 500 points. But the volatility meant that stops were triggered. A lot of buy legs had losses. They got triggered just before reversals. BANKNIFTY  NIFTY STOXXO One more problem that hampered today was that THOR NIFTY couldn't take both positions because of margin issues. I took NIFTY OTMs BUY for margin (Rs 3 or below. But the filled amounts were under 1 Re). VAL NIFTY had no issues however, THOR NIFTY couldn't get both positions. There was a shortfall of Rs 1600/- May have to add some money because next week the shortfall will be over 5k After today's loss. PNL = -2005 Charges = -150 TOTAL = -2155 THOR BNF made good money. If THOR NIFTY had run, my losses could have been much less. This continuous DD is having an emotional impact too. These are the message I shared with the group. Close to BT MDD. Also if today is RED day then it'll be max consecutive losses hi...