Another day with small moves eating away the premiums.
Nifty went lower initially to come back strongly at the end of day.
With just 7 trading days left in this expiry it is time that the tide turns a little bit in our favour .
Yesterday’s position does not look promising.
In the past we have made a comeback from far worse situations. All depends on the mood of the markets .
We are not yet out of trades though ITC looks to have gone bad. Nothing can be done about it, so we just stay in the trade.
We are in 7 trades now and not very far from the price points . All it needs is one day of the right price action.
No new trades for the day .
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.
Comments
Azar October 16, 2018 at 8:53 am
We come down from 165000/- to 78000 very painful to see this.How one should handle such scenario.
Replydev October 16, 2018 at 10:22 am
Sir, I think the time to include hindpetro 200pe is now as it recovered due for gap..
ReplyTharik October 16, 2018 at 12:51 pm
We were down in July series by 1,00,000 Rs.. We came over that situation and ended profitable in the next month.
This month we are lucky to be in profitable position atleast. However the series is not yet over. Let’s hope for the best
ReplyAnkit October 16, 2018 at 9:37 am
Sir,
ReplyI indeed have an ITC 290 CE, but that too is in negative. Lets see where boat turns.
TJ October 16, 2018 at 12:45 pm
Where do you see the overall trend of the market. Are you still bearish?
ReplyTharik October 16, 2018 at 3:21 pm
Painful wait continues. Someone who missed to take Hindpetro trade would have been mentally devastated
ReplyChethan October 16, 2018 at 4:52 pm
I’m there in the list who missed Hindpetro trade list.
ReplyRaj October 16, 2018 at 5:00 pm
Due to volatile, all premiums are getting vaporised. Hope Trump saves up.
ReplyAkshay Sharma October 16, 2018 at 10:35 pm
IMHO waiting for any negative news which will turn the tide in favour of bears is just wishful thinking. I agree that we need to ride the profits to maximize the gains but at the same time we should better manage our trades by cutting losing trades on time. Thoughts??
Reply