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
[×] [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…
[×] [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
Really like your candid and open confession . This is a rarity ... Openly sharing one's misses is mark of a true professional ..Thank you for being such a genuine trading mentor and a true professional . Market respects maturity and above all honesty in the long run
ReplyDeleteReally like your candid and open confession . This is a rarity ... Openly sharing one's misses is mark of a true professional ..Thank you for being such a genuine trading mentor and a true professional . Market respects maturity and above all honesty in the long run
ReplyDeletethanks for appreciation @ biswajit
ReplyDelete