NIFTY moved a lot yesterday to go nowhere.

It was volatile in a narrow range. Yes, 120-130 points is a narrow range these days. It opened high, went higher, cooled off from those levels and suddenly down 50 points. Then it moved up and closed just 6 points in the red. A very difficult day for the day trading types.

Not an easy day for our types too.

I have been saying it repeatedly that the volatility is here to stay. We need to factor it in our trades. High premiums is one of the problems we shall be facing. That makes it tough for us.

We saw it yesterday how trades can go wrong. MARUTI went wrong badly. It just kept on moving higher irrespective of what NIFTY was doing. M&M came down towards the close. But we are so far gone in that trade that the slight gains do not make us happy. IDEA went wrong but TATAMOTORS did well. A mixed bag for the day.

On the whole, we went a little more in the red. Not by much but negative all the same.

There is temptation to take a few more trades. But protecting the capital is very important. Already about Rs. 78000 are committed in these trades. Remember that the entire amount can be lost. And new trade has got as much chance of success as the current trades. So we shall just stay with our current trades and expect that one or two will get into the money soon.

No new trades for the day.

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.