The NIFTY move yesterday tells the story of the day.
Very volatile but ending up flat.
And it flattened our trades.
When every other stock recovered, we still had KOTABANK losing 3%. LT too was a loser. RELIANCE and UPL were gainers on the day.
A perfect recipe for disaster. Stocks with PUT trades gained and those with CALL trades lost out.
The result of the disaster:
We wait with these bloodied and struggling trades. And do not add any other trade to add to our misery.
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.