Guys post your daily trading status

good discipline…

That is what it should be. :+1:

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Great :slight_smile: how do you handle your psychology when your position in loss ? because its 500 lots… or is it systematic /mechanical ? u have SL and dont worry ?

How do you handle sudden moves like yesterday after trump tweet , what if ur stop loss did not trigger.

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I don’t look at positions at all to check whether I am in profit or loss. After every trade, I calculate the total number of points I have made or lost. So lets say if two trades consecutively have been in a loss and I am in with 500 lots, even with a 10 point stop loss for each, it would show 10 lakhs in loss. This would disturb any sane individual temporarily, so I only keep minus 20 points in my mind and continue with the rest of the day. So its like only counting the chips in a casino and not the entire profit/loss made after a trade. That is to be looked at eod.

Yes, I have a strict stop loss and thats why I trade cover orders. I don’t worry simply because I have backtested the strategy randomly on more than fifteen years of data.

Well this has not happened with crude that price tends to skip your slm stop loss price. A little bit of slippage happens, but that is already discounted in the strategy when you backtest.

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Great any plan to automate this ??

Lets take this over pm.

How u handle overnight naked positions if any?

I dont do positional. tried few times with hedging and was still sleep less checking dow and sgx… It sucks… so only intraday.

Problem with intraday is you won’t get that much theta if you are delta neutral, right?

What happened in last 30 minutes… Both call and put of BN went up… I was at 18k profit and suddenly my profit became 10k.

I close my positions before 2.45 … always there will be spike in IV from 2.50 to 3.10, and again IV fall

u can do short strangles and profit in last 15 mins , but cannot trust brokers OMS :stuck_out_tongue:

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As per my understanding there happens heavy Writing in that time frame increasing price and so reducing IV.

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After 2:45, it was my first time to stya longer for BN… Last 5 session I did in nifty(after 2:45) and all were profitable… BN was opposite.

IV decreases when there is more option writing.

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maybe , but if we are wrong , we may lose big chunks…

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heavy writing will decrease IV , its heavy unwinding of writing , like me , many close their strangles which results in option price spike.

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That seems valid… Sometime this thing happen before afternoon as well… Delta is neutral but suddenly option prices start climbing… thanks to positional Stoploss.

yupe , .

I noticed mostly option IV increase during .

1.Gap fill
2.Support / resistance broke
3.SL hunting , it triggers SL of options and price spikes quickly,

It’s because many exit their positions in panic.

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Singh ji with many lots your daily turnover must be in crores ??
The broker you’re using, did you face any down time, technical glitch etc and made loss?

3 days holiday, during such times, do you take any short position with hedging to take theta advantage?