We live in the age of instant gratification. We want results immediately and we want them right.
Stock Market is a great teacher. It teaches us discipline and it teaches us the patience. It does not care for what we want. When a teacher does not care for what you want the lessons are learnt in a hard way.
NIFTY ended at 10795 on Friday, January 11, 2019 down by about 26 points.
We had banked upon the three strong stocks to keep going up and the 3 weak stocks to continue with the down trend. Nothing of the sort happened. The strong lost value and the weak became strong. A double whammy.
And we have nothing to show for our poor effort to mimic the futures trades at a lesser risk.
The loss goes up.
We had planned to give 5 days to these trades out of which 3 are gone. We stay with the plan. Losses and gains are part of trading. If these 5 days go wrong there is always another set of 5 days.
Nothing else is to be done except watching the performance of these options today.
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.
Tharik January 14, 2019 at 8:58 am
“If these 5 days go wrong there is always another set of 5 days” – Excellent words Sir.
There is always a next chance. We just need to stay alive and patient here 🙂Reply