This is what NIFTY did for the day.

Of course it did not matter to our trades which were already closed.

But I would like to share what one reader sent to me yesterday:

This reader exited HINDPETRO PUT 190 Rs. 10.50 and set up another trade for October Series.

The Buy price of PUT 190 was Rs. 2.60.

This is an example of patience paying out in option buying. We ran away trying to save our money. This reader stayed in the trade and made more money than we saved.

I am glad that there are readers who still have the belief necessary to become winners in this game.

That is the thought for the day.

Again we sit on the sidelines and do nothing.

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.