For the last 2 weeks, I had been just expecting one loose ball from market to drive a good return (> 2%).

Let us see what kind of ball market is going to bowl today.

https://twitter.com/itjegan/status/1686220128399343617

In recent times, I had concentrated on system drawdown (Intraday drawdown) and MTM Swing, not on EOD DD.

I had also considered possible DD (Kind of Monte Carlo Test)

This thought process made to choose right strategy.

Will take at least 3 months of time to ripe whole benefits
https://twitter.com/itjegan/status/1686284433119440896

Tomorrow most likely I would be trading in both Nifty and Banknifty.
https://twitter.com/itjegan/status/1686290737389039616

It was classical delivery from market with U, V, W turns in the noon along with little gamma affect.

However the system played defensively and the ball rolled to fence slowly and steadily.

It was 2.5% profit.

will update PNL soon
https://twitter.com/itjegan/status/1686313081088147456

Classic moves of U, V, and W in the market. System played defensively and Grabbed a profit of 2.5%

Intraday Profit: 13L
ROI: 2.5%

Capital: 5.24Cr
Monthly PNL: 13L -> ROI (Aug: 2.5%)
https://web.sensibull.com/verified-pnl/mannered-hedera/cc9O8NmbPQ0mr7

It was 7th contiguous win day.

Of course, decent profit came to pocket today only.

However I am happy that MTM swing is in control
https://twitter.com/itjegan/status/1686334191414472704

Last hour reversal led to kiss my portfolio SL. Booked a loss of 6.5L

Intraday Loss: 6.5L
ROI: -1.2%

Capital: 5.35Cr
Monthly PNL: 6.5L -> ROI (Aug: 1.21%)

#VerifiedBySensibull
https://verified.sensibull.com/ps/mannered-hedera/0Q9he0Izd6IKXh

First hour volatility and last-hour gamma led to SL hunting, though MTM swing was in control. Booked a loss of 5L

Intraday Loss: 5L
ROI: -0.9%

Capital: 5.3Cr
Monthly PNL: 1.5L -> ROI (Aug: 0.28%)

#VerifiedBySensibull https://verified.sensibull.com/ps/mannered-hedera/WsS62EuuAPe1pH

Milked profit from playing on the shores of the sea.

Intraday Profit: 1.8L
ROI: 0.3%

Capital: 5.4 Cr (Adjusted capital for basket size)
Monthly PNL: 3.3L -> ROI (Aug: 0.61%)

#VerifiedBySensibull https://verified.sensibull.com/ps/mannered-hedera/EzlRrtjftG5Nb5

Fortunately long waited linear decay happened today at ATM from 105 to 80

Linear decay has helped to encash the linear profit since morning. It ended with a profit of 13L

Intraday Profit: 13L
ROI: 2.4%

Capital: 5.4Cr
Monthly PNL: 16.3L -> ROI (Aug: 3.03%)

#VerifiedBySensibull
https://twitter.com/itjegan/status/1688853390296506368

When market is roaming around SL, an atheist will become a theist (worshipper)
https://twitter.com/itjegan/status/1689192924574257152

Market has not changed before much (more than 100 years). Why it changes much now?

Possible reasons

1) Algorithms
2) Transparency of news and data
3) All digital data is either cheaper or free
4) Heavy retail participation
5) Digital technology keeps any alpha very short

Twitt Link:https://twitter.com/itjegan/status/1689196891354148864

New Trader: What is alpha in market?
Jegan: A system or logic that can give profit consistently with less drawdown.
New Trader: What is the best alpha you found so far?
Jegan: Alpha to find new alpha in current conditions, not to follow only one because market dynamics change.

Twitt Link: https://twitter.com/itjegan/status/1689195762733969408

If you try to become marathon runner, IAS or any other big target and you failed, major loss would be your time. Remaining things unchanged.


But in trading, if you fail, along with your time your money will be lost.


Never treat trading like any other thing.

Twitt Link: https://twitter.com/itjegan/status/1689198893903622144

My Friend: I wanted to become either hero or zero. Cannot wait for success for long time.
Jegan: Take more leverage and do trading.

Twitt Link: https://twitter.com/itjegan/status/1689202265125748737

Hey Jegan!! How do you say that market does discrimination.

Jegan: It likes only V, U, W, M, N in A-Z alphabets

Twitt Link: https://twitter.com/itjegan/status/1689202921295187968

Orthodox U-turn eroded the profit in the end. The system was stable to curb the MTM swing. It ended with no profit no loss

Intraday PNL: No profit no loss
ROI: -

Capital: 5.5Cr
Monthly PNL: 16.3L -> ROI (Aug: 3.03%)

#VerifiedBySensibull
https://web.sensibull.com/verified-pnl/mannered-hedera/ohOf8rzffaXhaQ

We have RBI meeting tomorrow at 10 am.

Keep an eye on #banknifty SLs (It may jump)

In Charts: How India's economy has changed since RBI's June 8 policy decision - https://moneycontrol.com/news/business/in-charts-how-indias-economy-has-changed-since-rbis-june-8-policy-decision-11123241.html

Twitt Link: https://twitter.com/itjegan/status/1689220670847066112

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Twitt Link: https://twitter.com/itjegan/status/1689249447006367744