Shillong :: After a good beginning of the year, with January 2024, with set back in February – a recap of trading half yearly.

NOTE: This is is my learning journey, strict trade rules followed:

• 2 – Stop losses a day.
• Max Loss a day – 2k.
• Trade after 10am only.
• Bull put/call Spread only.
• Lot- max 2 lots only.

Half Year 2024- a recap and review

The first half of the year 2024, crazy sessions with sudden spikes:

• Sudden erratic Gamma moves.
• Indian Interim budget
• HDFC Bank crash
• Paytm – RBI saga, etc.
• General Election Phase – May 2024
• And the Result day – 4th June 2024

Some new phenomenon’s observed in India Market:

• Indian Market does not seemed to be following US and other broader market off late.
• Sudden irrational move with unjustified trend is seen.
• Sudden Gamma spike causing stop loss skipping.
• VIX had risen but the premiums seemed un-sync, sudden spikes in premium, causing difficulties for stranglers and straddlers specially.

How I managed to protect my capital and minimized the net loss in this scenario?

With numerous events, VIX, sudden spikes and drop erratically, had made difficult for straddlers and stranglers. Many losses incurred, and resorted to directly biased hedged trade to have risk defined trades as it was seen due to sudden Gamma spikes, many stop loss skipping.

For now it seems only hedged trade seems to be the safest trade.

My Trade Book

My worst month so far. That is February 2024, a net loss of Rs. 12K approx.