Yesterday we were looking at a notional profit of Rs. 15000 when the day began.
Stolen mangoes look delicious before the watchman catches us. The catching up happened as we were too busy to note the approach.
At one time, HAVELLS PUT 450 went above Rs. 17.00 as the stock price came into the money. We did not cash the opportunity and were sorry for it at the end of day.
Every other trade went bad. From Rs. 15000 we are down to just Rs. 5000.
Still, it is a profit and we should be okay with it.
New trades in INDUSINDBANK and COALINDIA were not taken because they were to be entered after an exit from BANKBARODA. That did not happen.
What to do now? :
Now that the market moved up, we are on shaky ground with all the PUTS.
There is some hope from the SGX NIFTY indicating a 50 point decline.
We wait for a while and see how it is working out. I would wait for a profit of about Rs. 10000 from all the trades combined before thinking of an exit.
Let us see what is the actual market mood today.
No new trade.
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.