I had posted the status of these trades on Monday updating the status till Friday, December 02.
Over last two trading days, NIFTY has moved slightly lower but unfortunately for my trades, some of the stocks moved much higher, the big culprits being PEL, RELIANCE and PVR.
On Friday, December 02 the status was:
MTM loss in future trades — (-) 148202
MTM loss in option trades — (-) 2980
Let us see how the trades performed on Monday and Tuesday.
Status on December 05:
Loss in futures ; (-) 176830
Loss in options: (-) 323
Yesterday, there was some down move in BIOCON, BHARTIARTL and UPL.
Let us see how it affected the trades.
Position on December 06:
Futures: (-) 135597
Options: (-) 2427
On Friday, the MTM loss was 151182.
On Monday, it went up to 177153.
Yesterday, it climbed down to 138024.
It is still a big loss and getting out of it will remain a huge task. We shall live through the turmoil and see where that takes us.
No indications from SGX NIFTY as it is down 20 points at 8:00 Am this morning.
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.