Profit ₹20,000/- for 15 July 2019 - 18 July 2019
India Vix is hovering at its lowest which means low premiums at near distance strikes. So had to reduce my profit expectations from 1.5% to 1% for fund safety reasons.
Managed to mint ₹20,000/- for the third week of July 2019.
Low Vix environment is not good for directional trades right now as the volatility bursts were in short range, so first trade of mine hit stoploss. Unless volatility increases a little, I am not going to take any directional trade.
As soon as I realized that I was making a mistake doing directional trade, I immediately went on to sideways strategies and that helped me.
PMS Accounts Under Management made a return of 0.90% for the third week of July 2019.
Here is the screenshot of the orders I took along with net positions:
Trade log has been updated in the sheet below: