RED Expiry. No Disc Trading. Disc Algo / Legs Management. Didn't Help

 Another RED expiry. Market was sideways but with busrts of up/down moves mixed with long low volatility sideways. INDIAVIX too fell 10%, but didn't help the basket. Vix and volatility have diverged. At least with INDIAVIX and BANKNIFTY there is not much correlation left now.


NF




BNF




STOXXO



PNL: ~6400

Remarks:

  1. Did a lot of manual interventions. This has become a bad habit and I have to stop it.
  2. I think I will retire some algos or modify them to be more safer, and less risk: Heimdall, LOKI.
  3. I closed HEIMDALL in the morning after it looked like it would be a trending day. Heimdall struggles in trending days. But the market didn't trend and turned sideways.
  4. Intervened with Jane CE, Loki, Thor, ODIN T3 etc. So this manual intervention is basically ruining everything and not really preventing losses either.
  5. Fortunately didn't trade disc, else in this market, even that would have added to losses as it has in the last few days.
  6. Sometime after my exit, after 3 pm actually, there was a HUGE trending upmove. These are rare and don't know how my system would have survived.













Comments

Post a Comment

Popular posts from this blog

Red Expiry 0.3% loss...could have been worse.

Image
 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.
Read more