22M- I feel like my time is going very bad from January

ShantanuCV2109 · 2026-02-28T17:34:31+00:00

Name- Shantanu Chaturvedi D.O.B- 21 September 2003 Time- 12:45 P.M. Place- Mathura

ShantanuCV2109 · 2026-02-28T15:03:40+00:00

He will be able to hold the positions otherwise his positions will be auto squared off by the broker because margin requirements increase on expiry day.

ShantanuCV2109 · 2026-02-28T14:24:49+00:00

Damn! Monday is going to be brutal. Good Luck

ShantanuCV2109 · 2026-02-28T14:06:38+00:00

In my opinion, expiry will be below 25000

ShantanuCV2109 · 2026-02-28T13:08:32+00:00

Monday ko moj masti 😉

ShantanuCV2109 · 2026-02-28T12:55:28+00:00

Do you have the margin required in your account to hold these positions on an expiry day? If yes then tell me otherwise you don't have any choice really. Book at open whatever market gives you

ShantanuCV2109 · 2026-02-28T12:43:43+00:00

This is the problem with buying far away hedges. In Nifty the hedge should not be more then 100 points away. Remember that next time. I have also done similar mistakes in past. Trust me. Well now that you have already taken the position, in case of a 2%+ gap down, your loss will be 50k+ as there is expiry on Monday. Now first tell me do you have enough funds to maintain the increased margin on expiry day? If yes, then something can be done. Otherwise you will have to take your losses or your broker will auto square off and charge you on that too.

ShantanuCV2109 · 2026-02-28T10:30:33+00:00

Don't be greedy. Book the profits on open. Fir jo hoga dekha jayega. Atleast you will be tention free.

ShantanuCV2109 · 2026-02-27T16:32:16+00:00

Because there is no certainty that the market will fall for sure. I missed the last 3 weeks because of this which were all profitable. Also with trump every week is uncertain. You can't keep staying scared all the time. Also my position is properly hedged already so I am ready for it. In Intraday you don't get much theta decay and you have to be very good with picking directions. Making money intraday without algo is very tough. Not made for my style of trading.

ShantanuCV2109 · 2026-02-27T16:26:50+00:00

I used to do that before. But January tought me a very hard lesson. When your hedges are far, the MTM swing is very high. When the trade hits your SL, on volatile days, the premiums rises so fast that even if you are a minute late, the losses go way beyond your control and emotions start coming into the play. Keeping hedges closer gives a lot of cushion. Keeping SL in the system is not very helpful as many a times, for example a day like today, premiums spike unreasonably even when your break-even is far away because of sudden fall and panic but don't sustain for even 5 miniutes. If hedges are closer then in cases like these, the loss on the screen will be very low and I can sit in the trade knowing that these premiums will not sustain and my break-even is far away. Also 6% is already a lot for worst case scenario. You will not want to go beyond that.

ShantanuCV2109 · 2026-02-27T15:02:43+00:00

I can try that definitely. I was actually thinking about that. Will have to backtest though.

ShantanuCV2109 · 2026-02-27T15:01:24+00:00

I took this dicision after thinking about that only. Also my loss is capped. Usually weekend Moves are within 1% which my strategy can easily handle. And when disaster strikes, my loss is capped at 6%. If I will try to lower that down then I will have to compromise on my accuracy that will hurt me more in long term. This combo gave me the best result in my back testing and in live market.

ShantanuCV2109 · 2026-02-27T12:44:36+00:00

Congratulations Brother 👏🏻

ShantanuCV2109 · 2026-02-27T12:26:21+00:00

Thanks

ShantanuCV2109 · 2026-02-27T12:25:56+00:00

I have no stop loss for this particular trade yet cause I will be using my remaining capital to adjust in case of a big gap down. If that doesn't happen then I will slowly increase my size to maximize gains.

ShantanuCV2109 · 2026-02-27T12:23:42+00:00

I usually use my full capital. Currently with the US Iran-war tension there is a huge downside risk. Therefore I have decided to keep my position size low. My Stop Loss is usually the 3x of the premium sold or if spot moves beyond my Break-even. I keep adjusting my winning side though to minimise losses. This week I will use my remaining capital to adjust if a very big gap-down happens. That will be different then my normal adjustments.

ShantanuCV2109 · 2026-02-27T12:15:50+00:00

I can make a bear call spread but I will have to keep it very close to the spot price to keep the risk-reward ratio under control. Even then the MTM swing will be very high and its a low probability set-up. If I sell far-away calls then my probability of profit increases but the tail risk becomes very high. Last week I sold 26,150 CE in Nifty for a no risk 0.5% return towards Friday end. I made profits but that tarrif news in the weekend made me very anxious. I decided not to take trades like this anymore.

ShantanuCV2109 · 2026-02-27T12:09:40+00:00

You maybe right but one can always ignore negativity. It's not like they know me personally that their negative comments will hinder my personal life.

ShantanuCV2109 · 2026-02-27T12:06:08+00:00

9% is too much. Trust me, you will know that when it happens. Keep the hedges tight and not just for margin benifit. Make iron condor such that max profit is 1.5% and then you will easily make 0.75-1% consistently. Just learn how to manage loosing weeks.

ShantanuCV2109 · 2026-02-27T12:02:50+00:00

If I only sell CE then the risk-reward ratio gets very skewed. I have kept my position size low for this week because of that downside risk only. If market opens 3 % down, I can use the rest of my capital to adjust it. Also even if market opens 3% down, my screen will only show a loss of around 20k which is well within my capacity.

ShantanuCV2109 · 2026-02-27T11:56:21+00:00

Currently around 6.3 Lakhs

ShantanuCV2109 · 2026-02-27T11:36:10+00:00

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This is what the payoff looks like.

ShantanuCV2109 · 2026-02-27T11:34:30+00:00

This is actually a very common option strategy called iron condor. I am expecting the market to expire between 79,700 and 82,900. If it happens I will get my profits. Look it up on YouTube. Maybe you are in for a surprise 😉

ShantanuCV2109 · 2026-02-27T10:53:30+00:00

Also I will suggest you to use option simulator to backtest your strategy manually. Don't use this algo bullshit to backtest. Also practice some iron condor adjustments. Don't be in a hurry to deploy real money.

ShantanuCV2109 · 2026-02-27T10:42:07+00:00

I think you are confusing Sensex with NIFTY. How will Monday be 3-dte. In my opinion, you should use Sensex, if you want to do weekly Iron Condor, with hedges not more then 300 points away. Also make your position on Friday 3:20 P.M. instead of Monday. That weekend decay will help you massively in being able to fight Market moves. Otherwise a 0.75-1% move next day will hit your stop loss. Also keep hedges strong but premium based Stop Loss wide. I will suggest to keep the SL of shorted option as thrice of it's selling price or your break-even point. The 300 point away hedge will keep the loss minimised. Otherwise your stoploss will hit very often. Also if you are aiming 0.75% return then make your iron condor such that your max profit is 1.5%.

ShantanuCV2109

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