A flat day for the index and a negative day for our trades. That was market on Monday for us.
As each day goes by I find that it is becoming a dull and repetitive task to keep writing these posts. You can not add much excitement specially when losing money. Then I remember that trading becomes profitable when it gets dull and boring. Let us hope it really gets profitable now.
The trade in TITAN PUT 1100 went wrong immediately as it was entered at Rs. 12.00.
M&M had given some hopes in the morning when going down to Rs. 523.50 and then reversed in a big way. A typical day in the life of a trader. Hopes being raised and dashed are par for the course.
Status at the end of day:
SGX NIFTY is again indicating a flattish trend.
For the day, we do not take any new trades. Be watchful with the current trades.
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.