Playing since 2005 lost 13+3 lakhs

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stock72

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Re: Playing since 2005 lost 13+3 lacks

You bought 6200 puts at what price? I guess if you bought you may be on the safe side seeing how the markets are doing...
Alroyraj,
I dont think so I will be on the safer side ... I bought at 73 rs on 04/11/2010. total 47 lots . sold 27 @ 60 and holding still 20 lots.
 

vishalalluri

Well-Known Member
Re: Playing since 2005 lost 13+3 lacks

Hi,

Let me explain....you do not need to feel handicapped...if you don't have any charting facility for intraday......infact charting on intraday.... is very limiting...

Just following price action....and with a bit of patience...& right scrips on the watchlist.... you can do 100 trades that will all be winners..... that is how I trade and am not not gifted with any special talent....infact probably even less armed for trading...than most of you guys here....


Happy & Safer Trading

SavantGarde
hi Savant sir

Its been long i had communicated with you ,i just recently got back into trading and its techiniques after joining my first job.What i recently figurred out about my trading nowadays is as against what u quoted i have succesfully built up the two aspects of patience and following up of price action but the only one thing i think i am lacking is a correct watch list

I think i need your advise and help on that .

hoping things are as always at the best levels in your life :)

i remember still, one thread last year i was having a discussion on nifty and u had quoted """ have patience vishal markets are gona reach new highs next year "" and they did .:clap:
 
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Re: Playing since 2005 lost 13+3 lacks

Wonder what kind of stop losses people keep for nifty options..10% or 20% or till expiry (scrap value). Levels are all a joke. Intraday is seems fine of course because a was positional...grass is greener on the other side.
Stop loss on the nifty options is very tricky thing.....because most of the time premium will come to buying price again so you feel cheated..if SL hit...happens to me many times...but what if they go down the drain.?.:annoyed:..so its a tricky thing...use SL or not in options...I suffered many times because SL hit and then premium rise to the top....:(
 

stock72

Well-Known Member
Re: Playing since 2005 lost 13+3 lacks

10-11-2010- Gambling gave 1k profit. so the number now -1559+1=-1558k .

regards

Note: Have not closed the reminaing 20 lots of 6200 PE opened on 04-11-2010. ( Incurred loss in this so far is 17k)
11-11-2010 Gambling loss 1k ( got 1.5 k and paid a brokerage of 2.5k ) .
so the number now -1558-1=-1559k.

Note: Closed remaining 10 lots @ 60 and other 10 lot @ my purchase price of 73. ( these 20 lots are remaining from 47 lots of 6200 PE @73 opened on 4/11)
Hence the total loss here is 24k (13*37lots*50)
So finally the number now -1559-24=- 1583k

Tired myself. I need to work hard to get back my 1583k. I hope I will not do the mistake I did on 4/11 which accounts this 24k loss. in fact this Thursday also seems similar . a violent move . But I obeyed my gambling plan and escaped with -1k loss.
Take care.
Regards
 

rajeabc

Well-Known Member
Re: Playing since 2005 lost 13+3 lacks

11-11-2010 Gambling loss 1k ( got 1.5 k and paid a brokerage of 2.5k ) .
so the number now -1558-1=-1559k.

Note: Closed remaining 10 lots @ 60 and other 10 lot @ my purchase price of 73. ( these 20 lots are remaining from 47 lots of 6200 PE @73 opened on 4/11)
Hence the total loss here is 24k (13*37lots*50)
So finally the number now -1559-24=- 1583k

Tired myself. I need to work hard to get back my 1583k. I hope I will not do the mistake I did on 4/11 which accounts this 24k loss. in fact this Thursday also seems similar . a violent move . But I obeyed my gambling plan and escaped with -1k loss.
Take care.
Regards
long way to go .. my best wishes are with you.
If you trade so much , why don't you go for some better brokerage plan ? there are few who charge only 1000 Rs per month for unlimited trade ?
I am not representative of any house.
 

PGDIMES

Well-Known Member
Re: Playing since 2005 lost 13+3 lacks

long way to go .. my best wishes are with you.
If you trade so much , why don't you go for some better brokerage plan ? there are few who charge only 1000 Rs per month for unlimited trade ?
I am not representative of any house.
There is none to give you that advantage in FNO segment:rofl::rofl::rofl:...
 
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