L2T
I was ashamed of telling my truth. But even i will tell you what happened with me. I was long on a call 2900 @ 114 and sq off same when nifty was around 2865 , fearing as usual Nifty will slide frm that i sold at a 2k loss for my ce and took 2600PE with that money around 4 lots @40 thinking i will make good profits. Feeling as usual we will face selling at each level but now am sitting on a excellent loss of 12k
The Gains which i made in OCT have been totally wiped off even my capital is at risk now. As Devan said , we were overly bearish and we are punished for that. I have lost heavily this month Learntotrade on my assumptions.
I wont accept defeat easily , i got metastock , learnt some indicators and to draw TLs frm saint sir and using those but left with just 1 more chance. next time wrong and i will be out of mkts. Max people must be on Puts here and all have been wiped off.
The Trade i took was to Buy a RIL PA1260 @22 as it was making higher highs and lower lows. The RSI was nearly in overbought zone and Stochs gave Sell signal yesterday , today that signal was reinforced. Though RIL didnt close below uptrendline , i frm now on will only trade in stock options not more than 4k in one trade considering ma age and capital and NO assumptions atall. If RIL tanks i gain , else 2k also gone
but atleast i used my mind even if it turns wrong. RIL didnt participate in rally today atleast.
Friends , i learnt a lesson never to take tips frm anyone or have a pre determined sentiment or trade. I was over confident after made 25k in oct and thats gone and am back to earth.4 days left in Exp and even if we tank now PE of Nifty are already worthless. I will fight agains mkt , thats all i cn say.
Cheers friends , we will make profits soon. Volatility is so high and Satda bears are not supporting us
I was ashamed of telling my truth. But even i will tell you what happened with me. I was long on a call 2900 @ 114 and sq off same when nifty was around 2865 , fearing as usual Nifty will slide frm that i sold at a 2k loss for my ce and took 2600PE with that money around 4 lots @40 thinking i will make good profits. Feeling as usual we will face selling at each level but now am sitting on a excellent loss of 12k
The Gains which i made in OCT have been totally wiped off even my capital is at risk now. As Devan said , we were overly bearish and we are punished for that. I have lost heavily this month Learntotrade on my assumptions.
I wont accept defeat easily , i got metastock , learnt some indicators and to draw TLs frm saint sir and using those but left with just 1 more chance. next time wrong and i will be out of mkts. Max people must be on Puts here and all have been wiped off.
The Trade i took was to Buy a RIL PA1260 @22 as it was making higher highs and lower lows. The RSI was nearly in overbought zone and Stochs gave Sell signal yesterday , today that signal was reinforced. Though RIL didnt close below uptrendline , i frm now on will only trade in stock options not more than 4k in one trade considering ma age and capital and NO assumptions atall. If RIL tanks i gain , else 2k also gone
but atleast i used my mind even if it turns wrong. RIL didnt participate in rally today atleast.Friends , i learnt a lesson never to take tips frm anyone or have a pre determined sentiment or trade. I was over confident after made 25k in oct and thats gone and am back to earth.4 days left in Exp and even if we tank now PE of Nifty are already worthless. I will fight agains mkt , thats all i cn say.
Cheers friends , we will make profits soon. Volatility is so high and Satda bears are not supporting us
i was on 2900 PUTS day before yestdrday bough at 51 i saw the PUt value go till 29 (i ws holding 30 lots)...at end of day niftty went till 3065 and just before close i added 3k PUT at 59(10 lots)...it was not my fluke bu indicaors told one coreection is on cards ..Yestedra evening i booked partial loss in 2900 OUT and sold at 44 and sold 3k call with profit..although net was loss arnd 10k ...but I sold yesterday as RSI indicated oversold!! and immediately bough 3k call at 49 and exited today at 60
Learning is :markets will give opportunity to Exit we will have to take that opportunity ...
As of now no positons
...thought of buying PUT in last 5 min but resisted till tomo
