In today’s post I do not have much to write.
On Friday, except COALINDIA trade, other trades went wrong. That is okay. For Rs. 2000 we are buying hope and nothing more. After that it is left to the market.
The position on Friday:
New Trade :
DHFL has come up with poor results. Sometime there is a ripple effect on similar companies stock prices too.
We look for IBULHSGFIN PUT 540, far away from the current price of Rs. 668. This stock is known to move 10-15% in a day at least once or twice in a month. If that happens, our job is done. If it does not, our Rs. 2000 are gone.
No risk, no reward. And some risk, no reward at most of the time. We are looking for only few successes to make us come through.
IBULHSGFIN PUT 540 @ Rs. 2.00-2.25 would be my hopeful trade.
Lot Size 800 Maximum Risk Rs. 2000.
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.