July Update 🚀
July Trade Analysis & Learnings
July was very different than other months because of low movement and low vix. It was exciting in many ways -
1. Not a single red day — steady gains📈
This was the 1st month ever in my entire trading carrier where there was no negative day.
Here is the link to verified P&L.
One of the reasons probably was as the market has fallen consistently in the month of Jul. From a peak of 25600 on 1st and 2nd Jul it touched the low of 24600 on 29th Jul. The anticipation of fall after 23rd (Tweet here) worked out really well except in 23rd itself.
This is how the weekly expiries Premium earned looked like.
2. VIX stayed sleepy 😴
Vix fell steadily from 1st Jul (13) to a low of 10 on 24th Jul, after which it spiked to 12 due to fall after 24th. This pointed out people were expecting breaking of 25000 would be difficult which did happen in the last week of Jul.
3. 🔥 30-day win streak hit — eyes now on 50 👀
I have completed 30 days of consecutive streak which is still active. I am praying to reach to 50 this time. Lets see what is there in the store for me.
4. 🧠 Survivor Algo officially open-sourced
With the help of Sambath (his X Profile) we have been able to ope source the Survivor Algo (1st in the list).
5. 📩 What would you like to read more about?
I’m always looking to share things that are useful, actionable, or thought-provoking. If there’s something specific you’d like me to write more about just leave a comment. I’d love to hear from you and add more posts on this substack with your input.
Do share what you found interesting in July and what worked for you and what did not. Looking forward to hearing from you.
I have been a trader for the last one year and I am into selling options.
I have been doing it manually. It involved buying for out of the money options and hedging them.
The last 3 days of July produced draw down as the sensex kept moving towards the put side. While they were intraday recovery I was tempted to take fresh trades with bullish bias but this complicated my setup and I end up not making profit.
However if you take the month has a whole I did end up in green.
would love to read about market direction reading or behaviour ? how to read the market ?