F&O Trader | Investor | Sports Enthusiast | Human with lots of mistakes after all | IIT-Kharagpur | NIT Surathkal |Twitter is the new Log Book | Kerala 🇮🇳
The problem starts where we short an OTM option having only time decay left in it thinking that it is easy to pocket. Volatility Risk Premium - will not let you capitalise it without undergoing the stress loading of the risk associated with it. Stop considering it as easy money.
We have got a friend of Finvasia in Zerodha. I waited patiently for 1 trading day and the time resolution of something as serious as this has already crossed. Zerodha punched ghost orders post 3:30pm in my account and vanished with my money yesterday.
@zerodhaonline
@Nithin0dha
As the zerodha glitch episode has finally been resolved, I would like to thank my brothers and sisters who voiced out their strong opinions in support of the cause and helped me immensely. This is what community stands for and let’s be united and supportive to each other always.
Important Update : Just received a call from Zerodha support. They told me it was server connection issue that few orders were not updated and these kind of technology glitches doesn’t warrant refund it seems. ARE THEY FOR REAL??!
Was not at all feeling mentally ready to trade again after what Zerodha did to my Tuesday trades, nevertheless traded with small size and ended here. If zerodha doesn’t play dirty again after market hours, this is where I’m ending. Time to rebuild!
@zerodhaonline
I have made 4 calls to support staff already and have raised a ticket as well. I waited patiently til today 3pm for a resolution before going public with this.
Had the biggest loss of my trading life so far. All the loss came from single strike 74100PE, which spiked from 15 to 280 within seconds. All SLs jumped, exited manually in shock, caught the top prices and it reversed next minute. A series of unlucky events caught in chain. -2%
Final Update : Zerodha has finally responded well and have partially refunded the incurred loss as well as agreed to a limited period brokerage offer adequating the loss. Now that’s commendable and I appreciate the delayed yet satisfying resolution.
@zerodhaonline
@Nithin0dha
It was smooth and most OTMs have decayed 90% so exited my positions at 0.9%. This is my last trading session for this calendar year as I’m going on a foreign travel expedition. Will come back with new goals and vision for 2024.
-2.1% loss. This is the biggest MTM loss for me so far. Now let me introduce a new phenomenon to you. Double injection. During that big downmove in Bankex both CE and PE strikes had injection at same time 11:55 am. Both SLs hit at max prices. Attaching pics here.
Opened and closed in 1 min. No risk to reward, don’t know to trade Long Gamma too. I don’t want to take that 10 Rs from 50 points away. You guys fight for it. Bye 👋
@mehtaankitk
@zerodhaonline
@Nithin0dha
Market crashed at around 1:30 pm Tuesday. There was massive spike in 19250 PE, I tried to exit but order got rejected. It happened 2 times. 3rd time it got exited and I continued trading as normal and closed trading at 3pm. Later at 3:56pm rejected orders got repunched as BUY!!
Again pushed me out of my risk limit for the day and thereafter market was manageable. It’s the cost we pay for not taking bigger hits and thus bigger drawdowns. Month back to measly gains only now.
Got a remark yday that my winners are small and losers are big. It’s just because I don’t share my winners here. I share only red and difficult days P&L. Secret lies in what we don’t see. scammers do exactly this by sharing only green p&L and no red days, tricking you. +1%
What the hell is wrong with you people?! Ticks were lagging more than 15 seconds straight. It’s scary as hell!! Imagine this happening with a wild move! Fortunate to have got an exit out of the trade! Who will bear the opportunity cost??!
@zerodhaonline
@Nithin0dha
Tailored risk approach continues. Everything cut to half. +0.5% gains (~0.9% on deployed capital) . Account back to all time high. Only 0DTE trades.
#expiry
#banknifty
With how I’m taking small profits and big losses, I should try my hands at long vol than short vol 🤣🫣 What a pitiful day , was out first hour itself. -1%
+0.9%. Only 0DTE trades. Was difficult day . Contemplating some tweaks which will require extensive trials. The risk of a regime change in market can be hedged by going into fundamentals of how and why things work. That doesn’t change and tweaks can start from there.
CTMs were real pain. Traded CTMs in a real bad way, this coupled with SHEER UNLUCK got me here. Not ‘emotionless’ as I’m a real human being😅. Low Vix profits continues to elude me. Will learn from these failures. Onto the next one!
An inverted journey of trading profitably. A thread 🧵
I never really had a loss making or extended period to become profitable. I started my studies for options purely on paper. Then tested out a few methodologies, chose what matched my psychology and started trading.
I’ve been a Non-Directional option writer for over an year now. Compared to Sep-2022, there are many observations I’ve made as to why trading Non-Directional is tough job these days. A thread 🧵
Opportunity cost day where I exited at -0.9% towards the upmove but thereafter it was manageable. I’m okay giving away such days than to crawl back from -2% to -3% on the days that’s never meant to be. Sensex. Expiry 0DTE
Not happy with how I traded today as I made mistakes in execution, nevertheless pinning this here to remind me of my sanity to not ever touch MIDCAP NIFTY 0DTE after it showed what it can do on 26/02/2024. You traded big size today and took hit? Mistake is yours.
Low Vix premiums are so frustrating for the way I manage my MTM . I try to control the MTM swing to make it as stable as possible and for CTM strikes where premiums are available, it always backfires. Got played multiple times today. Learnings! +0.75%
A flat closing for the month. Nothing much to take away this month other than the fact that I didn’t lose money, being short gamma non directionally everyday. On to next. +0.3% Sensex Expiry. 0DTE
We have made a video explanation of what really happened with Zerodha!!
ZERODHA GLITCH 9’th MAY 2023 | LOOTING RETAIL TRADERS | SEBI NEEDS TO AC... via
@YouTube
Also spoken in length and will engage in future conversation too with zerodha support staff about the steps leading to the glitch and measures which can be taken to avert this risk to an extend, which unfortunately, still pertains.
There are no excuses for mistakes. Markets teaches its lesson automatically. I made a terrible mistake of selecting wrong strikes of Put at the opening, looking only at the pre open, immediately out in first candle. Will remember this! -0.75%
@_algomint_
@zerodhaonline
@Nithin0dha
They didn’t. They called me seeing Twitter post and told me there was a server connection Internet issue with them momentarily and so couldn’t update my order status real-time and unfortunately there is no refund mechanism for these kind of glitches it seems .
Exiting at 0.6% , sometimes everything baffles me. Stayed ultra safe so as to not get butchered and FNF trolling me immensely . Now can’t come close with decayed premiums. It is what it is.
FY 22-23 (less Q1) 9 months Performance.
Started July’22.
Starting capital 16L
Avg Capital 29L
Gross Profit : 14.3L
Gross ROI : 49%
Charges : 11%
Net ROI : 38%
Biggest Intraday loss : 1.5% (March’23)
Biggest Intraday profit : 2%
Max DD : 2.75%(2 times December’22 and March’23)
Started 19900-19700 without hedge. Rolled down the calls to 850 and 800 in downmove. Further downmove, sized up call side. Risked off half puts to 650. In the recovery, sized up puts to half of what call side had. Held it til afternoon and exited as R/R was looking bad. 0.4%
@mehtaankitk
@zerodhaonline
@Nithin0dha
No bro all 4 times the support staff replied “we will check and update you in sometime” . For matters including financial loss of this scale, the revert time for such a severe issue doesn’t guarantee the customer satisfaction zerodha boasts a lot about
Was peaceful throughout the day. Sat on far OTMs and only came closer post 2:30 and then on averaging, that too with strict size control. Didn’t get caught up anywhere much. I’m getting obsessed with this approach during low Vix. Clean 0.8% without much trouble.
Stayed away from FinNifty trade today. Forget about capital drawdown. How much of a mental drawdown are you trading short gamma? I remember how elated I was when daily expiries were getting announced. Paisa hi paisa hoga. Le lo bhai, nai chahiye mujhe 🤣
Hi All, in collaboration with our star trader
@AMalayaliTrader
, will be organising a live stream of our intraday positions for any one expiry. It will be free and for educational purpose only. Kindly let us know your preferred expiry in below form
With the recent developments in 0DTE space, I am closer than ever to stop trading 0DTE. Have deployed 3 measures which I think will still sustain my ship in this atmosphere. If even these 3 measures combined gets breached for an undesirable loss, shop will be closed for 0DTE.
This is the real Moye Moye I was talking about. First time did a long strangle for a curiosity and clearly on the wrong side of the knife , today, of all days! When everyone expects something, market does the opposite. Any fans for me? 😆
So to curb increasing rate of alcohol consumption, following reforms has to be adopted:
1) Drinks with bottle price above ₹50k only are allowed to be sold. Ban all other drinks.
2) Alcohol shops to be opened only once a week per district.
PS: F&O reforms by SEBI is unrelated
They say we have to pick our fights. Today is not worth fighting. Okay to miss out on potential gains but the practice of staying away on such days with bad risk to reward can possibly save us from a whitewash someday. All the little gains made wont suffice. I’m done for the day.
Safest 1% I ever made. So many things went right in today’s trade. Traded only half size til 2pm, sized up after opportunity presented. Navigated morning swings with less than half position sizing, MTM never was under threat. Post 3pm move, safely risked off. One such day.
Frustrated to the core with tech issues coming my way. Missed atleast 0.5% or more with slippages. Can’t express in words how frustrated I am. Need to take an ice bath to cool it. Ending at 1% and gearing up for a long break from all this!!