I tend to keep holding onto my positions and it leads to more and more losses. I need to get out of positions asap.
Another reason I can’t let go of positions is because I have a opposite position in loss.
I was having a wonderful FY24 with all icici and firstock account in good profit and I started taking stupid positions.
And nifty just crashed, back to the levels it was a month ago
Fucking 1500 points fall, I really wish that it stops here. And it makes me wonder what the fuck I am I really doing.
CFA exams results will be out tomorrow and I might fail for sure. I need to spend 1000 dollars to pass that now.
I kinda lost like 3 lakhs rupees, I made over past 2-3 months in a week and snowball just made 4 lakhs in a trade by spending 9k. Well this trade was a hedge. God, when will I be able to trade like this!!
I need to move out of long term option selling. It’s not working for me at all!!
No more new positions in firstock and icici after December options expire
Issues with accounts:
Firstock: Always gets margin called, but they don’t square off asks us to handle. That is great. Always keep the account hedged and have 1 lakh free margin always. Use it to sell deep long term OTM option, and reinvest the same
ICICIdirect: Crazy account, I mean I can’t really understand the margin most times. planning to use it for monthly trades and close positions before 1st. So that EMI gets reduced without any hiccups on 5th. I can do that since I am not over leveraged. Just need to get 10k every month. I can survive
Zerodha: Just play with dec options do nothing! It’s like Yolo money