Lucky Green Expiry

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:

  1. 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)
  2. This should not become a habit. In fact, this is dangerous that when a manual intervention gives good results, it can affect discipline. 
  3. However, it does make a case for better systems. Maybe overall level targets etc.









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