I’m penning this publish to as a result of I would like to inform somebody and launch my shock and frustration
I’ve misplaced 90k in in the future and I simply can’t recover from that reality. I do know I’m responsible solely as I didn’t exit regardless of seeing I’m making loss due to hope of worth rebounding.
I do intraday scalping and most days I don’t purchase greater than 2 or 5 heaps. Normally, I make little earnings. Generally, I take 15 heaps too.
For previous one month, I seen that in Sensex, there may be often a sudden drop in Choices within the second half after which the worth of the choices rebounds. Now, I felt it may be due to the “establishments”. Previous few weeks, it occurred very often that I noticed Name/Put possibility costs to fall, and I purchased as a result of I knew costs would rise once more based mostly on the OI resistance and help.
Then I noticed costs fell extra and when I was pondering of exiting, costs rebounded and I made earnings. I used to exit the commerce the second I get some revenue and later used to remorse that why I didn’t keep longer.
Because it was a recognized sample, on Sep 22, I adopted the identical strategy. After I purchased name possibility, costs began falling once more. And on at the present time, I went on shopping for extra heaps as I assumed costs would rebound and this time, I’d take full benefit!
After which I noticed 25k loss and costs rebounded slightly, however I didn’t exit as I had not made revenue! I noticed 50k+ loss, however I assumed I can’t take a lot hit! Nevertheless it went on sliding, and it was 86k once I exited. Then I made just a few revenge trades for which I incurred revenue after which loss and complete is 90k+Service Prices!
I entered buying and selling this yr Jan. I’ve been extraordinarily conservative about danger administration. I was scared even with 300 Rs loss. Initially, I used to be promoting and shopping for shares solely however later I began possibility buying and selling. Once more, a really conservative strategy.
Step by step I made little earnings and I gained confidence.
I made just a few loss and earnings general and was standing at a complete lack of 15k. I knew I may get it coated inside this month. And now, I’m at a lack of 1 lac!
I do know many would counsel me to give up buying and selling, be disciplined, verify danger administration. However I don’t need to give up this market with out not less than recovering the cash misplaced. I’m now taking very cautious strategy. Some other suggestion is most welcome!
Thanks for studying my publish.