I realised my strategy was fine — I was the problem

Trading
1

I have been trading for more than 4 years , I tried multiple strategies , trading plans and trading systems.

When I started my journey with zerodha , I initially lost a lot of money. I thought that technology can help to solve the problems of traders.

3 years back in Nov 2023 , I requested a feature from the Zerodha team. past_feature_request_link_here

I wanted the other features , that Time I overtraded a lot, to solve that problem

  1. I wanted a Time Based Kill Switch(Lets say i don’t want to trade 12pm).

  2. Quantity based Kill switch.(crossed my limit of Qty, It should close position and Hit kill switch)

    When I started my journey , I didn’t know about trading or investing. I had very little money that time. I thought stock investing needs more money and time. I got to know there is another way i,e trading

Little Money → investment —> trading → stock trading (profittable) → F&O → losses
You can see the above line , this tells that You are not looking for money , You are looking for more and more Dopamine.

When I moved to options , which requires very less money to trade but it requires at most Discipline and controlling Emotions. Then the question comes , why does everyone make losses?

Why is option trading difficult ?

Time Decay ,Gamma ,Implied Volatility → these are all opposite for options buyer

Only Trend is your friend , with time decay is pulling you back.

   In this unstable battlefield , you are becoming greedy too on options buying expiry day.

Let’s consider the Situation in the past Kurukshetra (online),
Kauravas (Options Seller) Pandavas (Buyer)

Sena → 11 Akshohini Sena → 7 Akshohini
Duryodhan → Delta Arjun → He knows only Direction
Bhisma → Gamma Krishna → Trading System
Karna → Time Decay
Drona & shakuni → IV

	Now War Begins 1st chapter – SENA AVALOKAN

Arjun says: how can I win madhav(krishna)? See Delta , gamma , Vega , IV and Time decay and 11 Akshohini Sena all are against us. Basically Arjun ka phat chuka hota hain.
Arjun is the only greatest warrior “pakshi ka ankha bedhane main”, He doesn’t know the real battlefield that the army is too powerful against him.

Krishna: You already backtested , You know these terms , it’s okay we can win If you follow What I will tell.

		Arjun's position in kurukshetra is the same as Now in Options trading (especially options buyer ) , Your friend is only Krishna, only He can save. 
	Krishna means Data based strategy, Improve the  mistakes , maintain Discipline. When Krishna tells it's wrong don’t trade, just exit the trade Close the day.
      
	To improve the mistakes , You need a mirror (Diary)

The Ideal journal should have

  1. Past Visual charts like this (2024 year chart side by side index chart).
    visual_chart_link_here_2024

  2. Data Interpretation with that trades.
    analytics_of_past_trades_link_here

  3. Emotions diary, you can save your mental state and chart.

    I built my trading journal for my usecase , I think this will definitely help for all traders especially Options buyers.

It’s free for Zerodha users fno-diary .

Kurukshetra — Part 1. The war has just begun.
1 Like
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[quote=“Vijay_kallur, post:1, topic:195121”]
When I started my journey with zerodha , I initially lost a lot of money. I thought that technology can help to solve the problems of traders.

3

Loved the Kurukshetra analogy. Most traders think they’re fighting the market, but in options buying they’re actually fighting time decay, IV, emotions, and themselves.

“Discipline and a good trading journal are what keep you in the game” True AF. Looking forward to Part 2.

4

thank you @Singrauli , Part 2 is coming — the war gets more intense from here, stay tuned.

5

Hey just to tell you there is platform which provide time based kill switch and max trades based kill switch for zerodha upstox dhan call tradeguardhq.in you can check

6

Thanks @Varun_Bhardwaj1 , I checked this is great.
But problem is token will expire after 24hrs as per SEBI compliance, means trader who struggling to stick to plan he will easily stop coming to site or avoid providing that auth everyday.
I believe that this is great effort to save trader losses. It would be great if that token store for a month or minimum a week so that month or week will be protected from huge losses , not that daily.

There is another critical problem is there, on expiry day options trading afternoon, fluctuation of premium will be huge, if I set loss limit 1000 it will trigger for 1500 or more.

Another thing , Dhan has already has these feature set profit and loss limit after that it will close positions and hit kill switch.

   Even I tried Dhan feature  , sometimes it will not trigger , if triggered gap will be huge.
7

On daily token refresh:
Think about it — you already log into Kite every morning before trading, right? Same thing here. Just visit tradeguardhq.in, login via OTP, connect Zerodha with one tap — no copy-pasting of tokens, everything is handled automatically.
Set your rules, and our platform monitors you throughout market hours. Plus, we send a daily early morning WhatsApp reminder to connect — so you never forget. Same daily routine you already follow with your broker, just with a discipline layer on top. Login via otp only no copy paste of tokens

Also there is feature of 30 day challenge once rule are set they will be valid for 30 day no change they fixed in similary way you can set them for 7 days 14 day 21 days

On “Dhan already has this”:

Dhan’s feature only works on running/open positions. But here’s the real problem — when will a trader actually use it? In profit? No way, you’re feeling confident and want to trade more.
In loss? Hope kicks in — “it’ll recover” — and you’ll never hit that kill switch yourself.

That’s exactly why it’s useless. TradeGuard HQ is different — you set your limits BEFORE market opens, when you’re thinking clearly. It runs automatically, no emotions involved. Exits positions AND locks you out completely — no revenge trading, no “one more try.” We’re live on Dhan, Zerodha, and Upstox — one dashboard, multiple brokers, same discipline layer.
Your broker earns when you trade.

So no broker will give you these things. https://tradeguardhq.in/