Do not take panga with market

Do not take panga with market  and save your capital and trade also .

yesterday I did so was quite confident about market closing around 6000/- plus minus 25 .so when saw that 5900  ce  was trading at 36  37  asked traders to buy at 37 38 and hold till market close …like this at chatroom 

25 Jul 13, 02:10 PM

[×] [o] Admin: BUY 5900 ce at 37 39 and hold till 3,28 PM

25 Jul 13, 02:42 PM

[×] [o] Admin: add more ce at 22 26 ce 5900 possible tgt 35 45

25 Jul 13, 02:53 PM

[×] [o] Admin: ce at 30 BOOK qty that u bought at 22 24 see here  http://clientsviews.blogspot.in/2013/07/chat-history-25-july-1145-pm.html

Not planned for a stoploss order because watching that bank nifty was strong enough and hovering around previous close …Dotted red line was previous  close and bank nifty was hovering  at it till 2.45 PM and trading in horizontal channel..but real expiry game started after 2.45 and in less than 2 minute bank nifty corrected by  80 points …have a look

and market thrown me in dustbin …my call was trading at 7 – 8  at the time of close . loss of 30 points or more  on trade without stoploss and over confident plan…

25 Jul 13, 03:28 PM

[×] [o] Admin: pls sq off ce 5900 at cmp

got loss update in chat room …

25 Jul 13, 04:40 PM

[×] [o] Quazi: loss booked for today 5420

25 Jul 13, 04:53 PM

[×] [o] Admin: what was ur trdae quazi

25 Jul 13, 04:53 PM

[×] [o] Admin: pls update

25 Jul 13, 05:57 PM

[×] [o] Quazi: 5900 ce

I have learnt from above unpleasant episode that do not take panga with market …do not trade without stoploss  and every thing is possible on expiry day .

Do not take panga with market