Just when we start thinking that the day is going good for us, we have to push the thought aside and start wondering as to what hit us.

Yesterday was that kind of day.

NIFTY was trading flattish and then marginally negative. Suddenly it took steroids and showed signs of strength.

The move took it above 11670.

These ups and downs will continue and options will keep on losing premium. It does not matter whether someone bought CALLS or PUTS. A big move in the stock price in the right direction only can deliver the results and it is high time that such a move begins.

Yesterday, RELCAPITAL flattered to deceive. It went down by more than 5% at one stage and then recovered fully to close near the previous close. Other stocks gave some more loss.

We are back to where we were two days ago.

Today is 9th day of the 18 trading days available to us in this expiry. This is the time when the water starts getting muddy and we start worrying about the outcome of our trades. The daily fluctuations with no gains or added loss confuse us further.

One of the readers had talked to me yesterday and asked me as to how I am able to stay calm in such situations.

Worrying about the trades does not stop the loss. Worrying does not make money either.

Some people get out of the positions at this stage thinking they are preventing some loss. But at the same time, they are preventing the profit also from coming to them.

It is important to stay calm. It is difficult but can be done with practice.

Again, no trades today.

SGX NIFTY is down 31 points at this time.

So some of the NIFTY gains of yesterday may be erased today. What happens to our trades will be known as the day unfolds.

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.