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Four stop-losses and one winner: the 16 September SENSEX session

16 September 2026 · AlgoRishi
0104091116 Month-to-date cumulative P&L (signals book, 900 qty virtual) +₹7,882
Tracked on real market prices · virtual capital · past performance is not indicative of future results.

Three stop-losses. One winner. The day still ended red by ₹11,293.

If you have ever been down ₹60,000 by lunch and finished the day almost flat, you know exactly what Wednesday felt like. Here is the full session, trade by trade, nothing hidden.

5trades recorded
-₹11,293day P&L
-₹60,435worst point of the day
+₹7,882month to date

What the machine does

Every morning the engine maps the levels that matter on SENSEX — the prices where buyers and sellers fought before. It does not predict. It waits for price to break one of those levels and confirm the break, then it buys an option in that direction.

After entry, three things are fixed and automatic: a stop-loss 22 points below the option's entry price, a partial exit that books half the position when the trade runs, and a trailing floor that follows the price up once the trade is well ahead.

Think of it like a taxi meter running in reverse. The moment you sit down, the maximum you can lose is already printed on the meter. Everything after that is upside.

The morning: two quick cuts

At 09:56 the engine bought the 74,200 call at 437.90. It exited in the same minute at 436.75 — the trailing logic pulled it out for a loss of ₹1,035. Small, fast, forgettable.

At 09:57 it tried again, the 74,300 call at 393.55. That one went straight against us. Stop-loss hit at 371.55 in under a minute. Exactly 22 points. Exactly ₹19,800.

Two entries, ninety seconds apart, both dead by 09:58. The morning break was not a break — it was noise wearing a break's costume.

Two stop-losses inside two minutes is what a false break looks like from the inside. There is no version of a breakout system that avoids these. The only question is how much each one costs, and that number is set before entry, not after.

The afternoon: worse, then better

At 13:16 the direction flipped. The engine bought the 74,500 put at 353.85. The book records this break being taken twice, and both legs stopped out at 331.85 by 13:19 — another 22 points each, ₹39,600 combined.

At that moment the day was down ₹60,435. Four entries, four losses.

Then at 13:19, one minute later, it bought the 74,600 put at 380.70. This time the break held. The scale-out fired and booked ₹8,800 on the first half. The rest rode from 380.70 to 468.40 — nearly 88 points — before the trailing floor closed it at 13:31.

Total on that single trade: ₹49,142, in twelve minutes.

The session, in one picture

Running P&L through the session ₹0 -20k -60k 09:58 13:19 worst point 13:31 close 09:15 15:30
Down ₹60,435 at 13:19, back to -₹11,293 by 13:31. One trade did all the repair work.

The trade log

Time inInstrumentInOutExitP&L
09:5674,200 CE437.90436.75trail-₹1,035
09:5774,300 CE393.55371.55stop-loss-₹19,800
13:1674,500 PE (leg 1)353.85331.85stop-loss-₹19,800
13:1674,500 PE (leg 2)353.85331.85stop-loss-₹19,800
13:1974,600 PE380.70468.40trail (scaled out)+₹49,142

What we actually learn from this

The scoreboard says 1 win, 4 losses. The P&L says the day was almost saved. Both are true, and that gap is the entire point.

A cricket analogy: a batsman can be beaten four balls in a row and still take the over for 18 if the fifth one is in the slot. What ruins him is not the four dot balls — it is throwing the bat at ball five because he is angry about the first four.

Four losses in a row is exactly the moment a human doubles the size or skips the stop. The machine did neither. Trade five went in at the same size, with the same 22-point stop, with the same rules as trade one. That is the only reason it was allowed to be big.

The fixed stop is what makes the big winner possible. If losses are uncapped, you cannot afford to still be in the market at 13:19.

Where the month stands

September so far: nine sessions traded, five green and four red, ₹7,882 net. That is a thin number and we are not going to dress it up. A single red day this month (-₹26,200 on the 10th) is larger than the entire month's profit.

We publish the red days at the same size as the green ones, because a track record that only shows winners is not a track record. It is an advertisement.

Tomorrow is Thursday — SENSEX weekly expiry. Option prices move faster and decay faster on expiry day. Same rules, same stop, same size.

Disclosure: AlgoRishi publishes signal tracking on real market prices using virtual capital, for information and education only. Nothing here is investment advice or a recommendation to trade. Futures & options trading involves substantial risk of loss. Past performance is not indicative of future results. AlgoRishi is not a SEBI-registered investment adviser or research analyst.