I am having the worst day of my option selling career and I think this will be the last day that I mess up. I realised the importance of having hedges and having extra money when margin call occurs!!
I haven’t even eaten anything today!!
I was okay till I exited the positions!
Here are the screenshots before market open!
This was the status pre-opening and nifty opening down more than 1000 points or 4% well luckily my zerodha and ICICI positions were hedged. I was very much worried about this positions! and I have taken like 1 lakh hit in both which is not bad for a black swan day
I actually didn’t lose money in stock options but I wish I had held stock PE options that would have made quite some money!!
Just 30k loss which is pretty good
But firstock account got messed up, nifty was hovering around the breakeven position and I didn’t really know how to adjust and I was planning on keeping the position. Nifty shouldn’t go below this.
But then I was in 2.8 lakhs margin call and I exited on PE sell and margin reduced to 1.5 lakhs and then somehow the margin increased to 3.5 lakhs. Their stupid RMS systems. and I exited the positions at loss and I couldn’t get back in. Fuck.Fuck. Fuck!!
Should have added the money somehow but I had no way of raising the money!! I think I added 50k. How will I get that back though.
I am trying to raise 10lakhs loan again and this time I am not gonna use this amount I promise!!!
I may not get it and If I don’t I’ll have to sell all the stock and stocks are in all loss!!
sell the gold and silver and nifty bees and the liquid funds. That will be 5 Lakhs!! and always have hedged positions always in long term options!!! always
Hedges are to limit the losses and to ensure that no matter what we won’t go bankrupt!!
My net worth reduced by 3 lakhs today.. Fucking Trump but yeah it’s all on me!!!
I couldn’t even take intraday trades today due to this mayhem!
and even worse I am carrying nifty futures for tomorrow. God knows what for !!