With less than Rs. 5 lakhs as trading capital, I did not plan to trade this week. However, the first 15 minutes candle of January 24th tempted me to take a positional trade. I took strike of 16450 PE which was very very far OTM.
I did not expect that any management would be required but the market kept falling till 2 PM or so. During this time, I kept adding positions. I obviously ran out of money quickly despite taking hedges. I rolled in the strike and ran out of money again.
With Wednesday being a holiday, the options started deteriorating fast and I was able to close the position in profit. Almost same story unfolded on Thursday as the market opened very week. I took some mean reversion trades which paid well.
Overall, I felt uncomfortable with limited capital availability but this much capital should be good enough for any such opportunities in future also.
So I traversed through the following candles during the week:
|Net Profit (after deducting brokerage)||Capital deployed (approx)||Week’s ROI||Annualized ROI for this week||Total no. of weeks traded till today||Annualized return till today|
|Rs. 19,358.26||Rs. 498349.54||3.88%||625.5%||33||78.08%|
The following is breakdown of week’s positions
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