I started taking intraday positions in Nifty after long and I am being hit for SL back and forth!!. I should jut stop. Don’t take trade at all
This was a Tuesday and its nifty weekly expiry now. So I just took a 26000 call at 22 and it went up till 35 but then I finally squared it off at 3rs and I again entered 25900 ce at 13 and exited at 17. and finally entered 23850 trade at 14 and exited at 22 but then the nifty just shot up and it finally closed above 80. I made loses about 2k but I felt I would have won. And lost 2k more in crude trade at night!!
And today, I had no fucking reason to take trade- I took one trade and took 3 more and all hit SLs nifty was being rangebound and I was taking positions hoping it would break out
Almost 3k loss – FCUK! It’s happening at a time when I really don’t have money to waste around and have bills to pay. I should really just stop trading! or trade very intelligently. Basically I can only trade when I can afford to lose money!!
Commodities seems nice, I mean the movement is bearable. Not as manipulated as nifty. I think I should stop trading totally in nifty and take only hero or zero positions and that would be like lottery. 1000 rs every week.
Here I am selling, 100rs monthly option for getting 7500rs in month and I am losing 7k trading options in 2 days crazy! There is a huge upside in day trading but there is a huge downside too!
Trading is tough!. I need to focus on getting a job with higher salary so I can afford to trade. That must be the focus
Also I think I can trade reversals, because, then if I am wrong SLs will be less and if I am right target can be large. That’s great!!
The overall loss for today. I think, I’ll be able to do better next week, also I have raised a request for 70k from EPFO to tide over next 2 months lets see!!