March 2024 Performance & Trading Plan for April 2024

The world of trading is a dynamic landscape, constantly shifting and evolving. It’s a realm where past experiences inform future strategies, where lessons learned today pave the way for tomorrow’s success.

As we close the chapter on March 2024, we invite you to join us on a journey of reflection and anticipation.

Let’s delve into a detailed review of our trading performance for the past month and unveil our strategic trading plan for the exciting month of April 2024.

March 2024 Performance

March 2024 provided a valuable learning experience. I achieved a win rate of 45% and an overall ROI of 0.70%. The yearly return for 2024 is 8.3%.

The whole march was a roller coaster ride. Few trades worked and few did not.

Analyzing individual strategies revealed some interesting insights. Let's do a deep dive into it:

In this whole quarter, our BankNifty Option Buying Strategy - 2 has made decent money. In March also this strategy was the top performer.

BankNifty Option Selling Strategy was the least performer this month. I was using re-entry in the initial 2 weeks which triggered big loss. Later I removed the re-entry and used the same strategy that I have shared in my course.

• You can check out our premium option strategies here: Advance Course to Learn Intraday Option Strategies

The high volatility in March triggered stoploss on both sides resulting in loss in option selling strategies. Despite of loss in selling strategies, we managed to book profit in buying strategies.

In March, I tested a few delta-neutral auto-adjust option strategies that made decent money and helped close this month with a slight profit. (I'm testing these delta-neutral strategies, and will share once ready. Keep following!)

Trading Plan for April 2024

March is notorious for its volatile swings, and I'm taking proactive measures to navigate this dynamic market. By meticulously analyzing my March performance, I've identified areas for improvement and am fine-tuning my approach for the month ahead.

Firstly, I'm sharpening my focus on optimizing my rule-based option selling strategies. This involves rigorously back-testing and refining my existing strategies to ensure they perform even better in potentially volatile conditions.

In the last 6 months, I have observed that traditional time-based option strategies are not working. So we need to change our approach. So instead of following fix stoploss, I'm following price movement or Greeks like delta to adjust my strategies.

Nowadays, with the help of algo-trading tools, it's easy to execute these strategies. Very soon I will share the strategies, Keep following!

Secondly, If you can see the above performance, you will find that Option Buying strategies are consistently profitable.

So, I'm expanding my toolkit by exploring the addition of a specific option buying strategy in Nifty and BankNifty. This strategic move aims to diversify my option buying portfolio and potentially mitigate risk while offering additional profit opportunities.

Diversification is crucial in volatile markets, as it helps spread risk across different assets and strategies.

Finally, I'm re-emphasizing the importance of robust risk management. As always, I will be implementing clear stop-loss and take-profit levels for each trade. These measures aim to minimize potential losses and lock in profits when the market moves in my favour.

By combining strategic refinement, diversification, and robust risk management, I'm confident in my ability to navigate the potential complexities of March and potentially achieve success in this dynamic market.

Final Words

In conclusion, the world of trading is not just about numbers and charts; it’s about understanding the past and planning for the future. It’s about learning from our experiences and using that knowledge to shape our strategies.

While I'm sharing my journey and strategies for educational purposes, I understand that not everyone has the time or resources to actively manage their own options trades. If you're interested in exploring the potential of options trading and are looking for a managed account option, feel free to contact us via WhatsApp to discuss the possibility of collaborating on a profit-sharing basis.

As we step into April 2024, we carry with us the lessons of March and the promise of a new month filled with opportunities. At TradePik, we remain committed to providing you with the most accurate and timely trading insights. So, stay tuned for more updates, and here’s to a successful trading journey in April 2024!

Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.