Trading Journal

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.

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. ...