I did not update the progress of lazy trades over last few days.
We are noticing the fact that these heavy weight stocks are under performing the market in this month, which is not good for our trades. That also tells us that any rally in such a market is very likely to fizzle out soon. We have seen that already.
We were having a mark to market loss of Rs. 116703 on May 14, 2020. Over next 3 trading days, NIFTY was just flat on Friday, lost 313 points on Monday and gained 55 points yesterday. All these moves brought down the loss slightly.
The loss is now at 100559. Still a big loss. We have to stay with the trades till Friday and see where that takes us.
Not So Lazy :
The second strategy with the trades did much better over these 3 days. The loss was at Rs. 53760 on May 14.
Now it is reduced considerably.
Let us see how the trades perform today and tomorrow. All the trades need to be closed on Friday.
Nothing to be done today.
Stay lazy, stay happy.
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.