What a miserable day.
It is on such days that I wonder why I started sharing my methods and trades for everyone to see. There is no harm in losing money when no one is seeing but to do it in a public forum while talking big about the way you trade is not an exercise done lightly.
It matters to me that I lose money, it matters more to me that the readers lose money. But that is trading. Losses happen. We do not have to like them but we have to just accept them.
This is how things went bad for us.
Nothing worked. Absolutely nothing. RELIANCE gained 2%. So what? CALL option still lost money. ASIANPAINTS was mildly in the red. PUT 1600 lost about five Rupees.
The net result is that we are now looking at a loss of above Rs. 31000.
COALINDIA PUT 120 is the new addition to the list of trades and that too added its share to the loss for the day.
The single good trade is ASIANPAINT PUT 1600 and we look towads this trade to keep doing well to prevent further loss.
Some 30 minutes ago, SGX NIFTY was showing a cut of 50 points. Now it is just 16 points. So let us not get our hopes up and see what the market does for us today.
No new trades.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.