Review- First 3(Three) quarters 2024.
#pixarts.trade
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.
Shillong :: Feels Great! To share thorough review of my trading at the end of September 2024:
1. Risk Management
- Position Sizing: Maintained with fixed 2(two) lots
- Stop-Loss Strategy: Cut my losses early, kept MTM stop loss, system stop loss and sometime level stop loss.
- Risk-Reward Ratio: Minimum 1:1 R:R
- Drawdown Control: 5% Loss
2. Performance
- Overall Profitability: Minimal profit but profitable
- Win/Loss Ratio: 55% to 60%.
- Average Return per Trade: 2.5% to 4%
- Monthly/Yearly Returns: 12% to 18%
- Volatility: Stable
3. Strategy Analysis
- Trading Strategy: Bull put/call Spread, Naked Sell with tight Stop loss(Intraday) & Ratio Spread of calls for positional.
- Market Conditions: Performed well on Bullish and flat Days
- Adaptability: yes
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.
- My Strategies – Bull put/call Spread, Naked Sell with tight Stop loss(Intraday) & Ratio Spread of calls for positional.
- Lot- max 2 lots only.
3 quarter results 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.
