Staring At Massive MTM Losses - What Should I do Now?

[nara]

and all these for only 7 nifty points!!! :rofl::rofl::rofl:

Nifty points were secondary concern until I sold them.

 

[krishere]

Dude dats a 10% profit......

and all these for only 7 nifty points!!! :rofl::rofl::rofl:

 

[nara]

Dude dats a 10% profit......

Yep, Rs. 42000 to be precise.

 

[TheDreamer]

Nifty points were secondary concern until I sold them.

What was the primary concern? excitement/ fun/ hedging/ gambling/ trade execution?

Dude dats a 10% profit......

Krish, at least one can understand that...

Yep, Rs. 42000 to be precise.

yeah... the notional loss was Rs. 1,44,000 to be precise... ask Thomson & Thompson...

 

[TraderRavi]

What was the primary concern? excitement/ fun/ hedging/ gambling/ trade execution?



Krish, at least one can understand that...



yeah... the notional loss was Rs. 1,44,000 to be precise... ask Thomson & Thompson...

I can imagine his condition when CE was @ 30.....thats why he exited at first sign of profit.....

 

[nara]

I can imagine his condition when CE was @ 30.....thats why he exited at first sign of profit.....

True that. That is what I am trying to perfect. I need to overcome the first wave of relief after being in continuous piercing pressure. There was no hurry to shed off my position when the market outlook had become strongly positive.

 

[nara]

What was the primary concern? excitement/ fun/ hedging/ gambling/ trade execution?



Krish, at least one can understand that...



yeah... the notional loss was Rs. 1,44,000 to be precise... ask Thomson & Thompson...

All well that ends well...:clapping: But this was not my worst gamble yet:rofl: How about taking position at 20, averaging it to 15.6 only to see it go to 2, but you end up miraculously selling it at 16.1 because there was a sudden spurt from 2 to 24, all on the February expiry day in the last hour or so. So, yeah...I am perfecting my gambling skills. I would rather not put my lot size for fear of your notional loss figure.

 

[smartcat]

I can imagine his condition when CE was @ 30.....thats why he exited at first sign of profit.....

And I'm thinking of exiting partly (or fully) even without the first sign of profit (say, at 10k loss). It's a Jaan Hain Toh Jahaan Hain psychology!

 

[SavantGarde]

Hi StCt,

Doing nothing at this stage......is not advisable....if you have the time & inclination.... you can turn this around.....!!!

SG

And I'm thinking of exiting partly (or fully) even without the first sign of profit (say, at 10k loss). It's a Jaan Hain Toh Jahaan Hain psychology!

 

[TraderRavi]

And I'm thinking of exiting partly (or fully) even without the first sign of profit (say, at 10k loss). It's a Jaan Hain Toh Jahaan Hain psychology!

see one can look into this like ..if someone is 50000 in loss MTM.....so if he exits at 10000 loss ....that means profit of 40000............see positive thinking....