November Series comes to a close today.
For us, it is already over with the losses booked.
Some time back a reader had commented that the success rate of our trades will come down to just 5% after some time. How prophetic?
For November, we did not get a single trade right. That makes it 0%.
We can stay worried about it or we can move on. Worrying never solves a problem, so the only course open to us is to move on.
NIFTY closed at a record high yesterday and is just 32 points away from the record number. We may see new highs in December too.
It is fortunate that this big up move did not hurt our trades badly.
M&M PUT 520 opened at Rs. 10.00 and was down to Rs. 9.00 in no time. It was bought at Rs. 9.00 and then we saw it going down to Rs. 7.00.
Thereafter it moved to Rs. 11.00 before closing at Rs. 10.00.
COALINDIA was bought a Rs. 3.40 and started going wrong immediately.
The position for December trades at close yesterday:
We watch the trades today.
No new trades to be considered today.
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.