Month: June 2022

june22w2profit

Jun22-W2: Trust the system made money          

Last week was smooth. I simply did what my system told me to do. I also added some common sense here and there. Furthermore, I was able to capitalize on some intra-day mean reversion opportunities. All these led to a good profit. Grateful to God, Nifty and the system

Net Profit (after deducting brokerage): 39611.63

Capital deployed (approx): 20,93,014

Week’s ROI: 1.89%

Total no. of weeks traded till today: 9

Average  weekly return till today: 2.00%

DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.

jun22 w1

Jun22-W1: Manic Monday was mismanaged

For the first week of June, I had predicted that Nifty would go until 16450. However, the target was hit on Monday itself. I was carrying with me a bad position in form of 16850 CE. This obviously went deep red on Monday opening.

I deployed my usual strategy of selling ITM options for averaging. I thought I was averaging slowly and steadily. I was not using my home-made calculator though. Later, I found that I had sold too many ITM options too soon. Now my overall P&L was in loss of more than Rs. 1 lakh. I could not do anything as I had exhausted my funds.

There was no choice but to carry forward the problem to Tuesday. Luckily, Tuesday was a gap-down opening and I exited all positions at minimal loss. The rest of the week was consolidation which helped me in earning 1% for the week.

But I am still useless without my excel calculators. I must use them daily.

Net Profit (after deducting brokerage): 18013.94

Capital deployed (approx): 17,50,000

Week’s ROI: 1.03%

Total no. of weeks traded till today: 8

Average  weekly return till today: 2.01%

DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.