Worst day of the month I guess. I was too overconfident and went really bullish with equity options and also stock calls and here is the results
The first trade was 23900 call and I exited that in 800rs loss and then took 23700 put and I exited that thinking nifty will go up and then bought 23900 call again. So stupid, Like always I keep buying nifty when it was going down hoping for a reversal and it fucked me up
Classic examples of buying high and selling low. I just learn to let go if it is against my view. today I traded against the trend and lost money.
I went all in on stock call options too
This was the status initially
Then it increased further. The only bad trade was the M&M one which I caught at the top. The rest were all good trades on a wrong day. But yeah, I should have taken PE trades too
And today became the worst day since I started trading stocks:
11k loss, I was supposed to go to church and go to office today. And I just sat at home and wasted money.
I was very over-confident. And I realised trading is tough, on most days. So what I need to learn is when to trade.
I should take the minimum risk and focus should be only to not lose big. Take small losses, wait for bigger returns.
best way to make money is to sell otm options with hedge whenever markets is stable and the key to stay profitable here is that to be out of position when we have no idea of the direction
I don’t think I’ll ever make it big in trading and I don’t expect to. I just want to be a disciplined trader and be disciplined in all aspects of my life.
Be fit, eat healthy, stay in touch with people, show up, study, pass that exam, no addictions