We are into the last day of the week for trading.

NIFTY closed mildly negative yesterday.

At one stage it was down by more than 80 points but like it has done all through last 7 days, it ended up strong and the entire loss was almost wiped out. We can not say the same about our trades which kept on bleeding further. Now we are down by nearly Rs. 30000 for the month. We did not make good profit in November too so this position is a cause of concern.

It is at such times of doubts that the belief come into play. Belief in our methods helped us become profitable in June. It helped last month to wipe out the losses after being in the red few days before expiry. As far as the current situation is concerned, it is not new for us. We know the likely results too. Either we come out of the bad situation or we end up losing money. In both situations overall picture will remain profitable for the year. The profit figures for the 8 month period May -December will inspire us to keep doing the same things again in 2019 as well.

Here is the current position which we know is not good.

If the one good trade in SUNPHARMA PUT 450 was not taken it would have been an absolute disaster. Thanks to the market for small mercies.

New Trades :

BHARTIARTL is among the weak stocks over last 30 days. Not done well over last 7 days as well. Stock has got decent volatility and if things go right, it can lose a little more than 5% over the 4 trading days left in this month. Current price is about Rs. 315.

We go for PUT 300 at Rs. 1.40- 1.60 . Lot Size is 1700. Maximum risk is Rs. 2720. With things already bad, this is a minor addition to the likely loss. If the trade works out, we make some money on this.

US Markets again made new 52 week lows yesterday. But our markets look to be in complete disconnect with the rest of the world. SGX NIFTY is about 37 points down as I write but let us not read too much into it. We have seen yesterday that 80 points down did not ultimately matter. Market will do whatever it does. No one can predict the outcome.

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.