How I made a Loss of Rs. 2300 on Mar 9, 2020 – Let’s discuss here;
Traded Instrument
Weekly Index option, as we can see the below Screenshot from my Zerodha A/c ie;
-
- Index – Nifty Call Option
- Expiry – 12th March
- Strike Price – 11300
- Traded Quantity – 6000
Strategy to Initiate Trade
Nifty is at 10700 and all the Call Options were down by 90% and I thought I can make a quick 1-2 point move.
So, I placed a Order and in next 10 mins I reached 1 point above my Buy Price and placed a Sell Order for 2 points above my buy price and this is the mistake as far as this trade is concerned.
Reasons for Loss of Rs. 2300?
- Not sticking to Plan ( Plan is to get 8%-13% and close the trade but even after 18% return I didn’t closed it)
- Over Confidence ( Going against Trend)
- No Stop Loss ( Bad Behavior Buddy )
- Not Executing Rescue Plan ( Implementing Plan -B)
- Doing multiple things along with trade ( Not everyday is Yours)
Conclusion
Looking forward to not repeat these pitfalls and making sure everything goes according to Plan, if it doesn’t work then go for Plan – B. I’ll discuss what is my Plan – B in another trade blog.
Until then, this is Rushi. Happy Trading!
This really answered my problem, thanks!
I as well as my pals ended up checking out the nice tactics on your site and all of the sudden got a terrible feeling I had not thanked the website owner for them. Most of the young men were definitely as a consequence glad to read through them and have unquestionably been making the most of those things. Thank you for truly being quite thoughtful and for getting such really good things millions of individuals are really needing to discover. Our own sincere apologies for not expressing appreciation to sooner.
I definitely wanted to compose a quick note to be able to say thanks to you for those stunning guides you are showing on this site. My prolonged internet look up has finally been recognized with reasonable tips to exchange with my neighbours. I ‘d point out that most of us readers actually are very much endowed to exist in a fabulous network with many marvellous people with insightful solutions. I feel extremely lucky to have come across your entire web site and look forward to many more thrilling moments reading here. Thanks once more for a lot of things.
I wish to convey my love for your kindness in support of those people that actually need guidance on that issue. Your personal dedication to passing the solution around became remarkably functional and has frequently helped women just like me to realize their ambitions. The interesting suggestions indicates this much to me and far more to my fellow workers. With thanks; from each one of us.
Thank you a lot for giving everyone an extraordinarily nice chance to read critical reviews from this site. It is always so kind and as well , jam-packed with fun for me personally and my office mates to visit the blog particularly 3 times in 7 days to learn the newest things you have got. And indeed, we’re at all times fascinated with your stunning tips you give. Certain 1 facts in this post are completely the most effective we have all had.
Thanks for each of your labor on this site. Ellie enjoys participating in research and it’s easy to see why. Most people hear all about the dynamic way you present very useful ideas through this website and in addition foster contribution from other ones on the concept while our simple princess is in fact being taught so much. Have fun with the rest of the year. You are performing a really great job.
Needed to draft you the little bit of note just to thank you so much over again for all the splendid tips you’ve documented here. It is really shockingly open-handed of you to grant openly all many individuals would have sold as an ebook to help with making some bucks on their own, especially given that you could have tried it in the event you decided. The advice also served like the easy way to be sure that the rest have the same dreams the same as my personal own to know the truth very much more related to this issue. I think there are some more pleasant moments in the future for individuals who looked over your blog.
I wish to convey my passion for your kind-heartedness for men and women that require help on in this subject. Your very own commitment to getting the solution across has been amazingly important and has all the time enabled most people like me to reach their goals. Your amazing warm and helpful suggestions can mean a great deal to me and far more to my colleagues. Many thanks; from everyone of us.
I precisely desired to thank you very much once again. I do not know what I could possibly have handled in the absence of those ways contributed by you over this field. Previously it was the depressing dilemma for me personally, however , spending time with this specialized style you managed it took me to leap over gladness. Extremely thankful for your support and expect you really know what an amazing job you are doing instructing others all through your blog. Most likely you have never met all of us.
Thank you a lot for giving everyone such a terrific opportunity to check tips from this blog. It really is very lovely and as well , packed with a good time for me and my office mates to search the blog particularly thrice in 7 days to read through the new items you have. And indeed, I am just certainly fulfilled concerning the awesome tips and hints you give. Some two tips in this posting are honestly the most beneficial I’ve ever had.
I together with my friends were actually viewing the great guidelines from your web page and so immediately I got a horrible feeling I never thanked the website owner for those secrets. These guys happened to be passionate to see all of them and have now very much been taking advantage of them. I appreciate you for turning out to be considerably helpful and for figuring out such quality subjects millions of individuals are really wanting to be informed on. My very own sincere apologies for not expressing appreciation to sooner.
I am also commenting to make you understand what a perfect encounter our girl gained visiting your web page. She came to understand a good number of issues, including what it’s like to possess a very effective coaching spirit to get others quite simply know a number of very confusing subject matter. You truly surpassed readers’ desires. Thanks for rendering the beneficial, trustworthy, explanatory and even cool guidance on this topic to Tanya.
I intended to draft you a very little observation to be able to thank you once again with the awesome pointers you’ve provided above. It has been certainly particularly open-handed of you to make unhampered all many people would have sold as an e book to generate some bucks for their own end, and in particular given that you could possibly have tried it if you ever decided. The basics as well acted as the great way to recognize that other individuals have a similar eagerness the same as my personal own to know the truth very much more in regard to this problem. I believe there are many more fun instances in the future for many who looked at your blog.
I simply had to thank you very much again. I am not sure the things I would’ve carried out without the type of tips contributed by you concerning my problem. It was actually a real daunting circumstance in my position, but being able to see a specialised technique you processed it forced me to jump over fulfillment. I’m just happy for the guidance and then have high hopes you realize what a powerful job you are putting in instructing the rest via a web site. I know that you haven’t come across any of us.
Thank you so much for giving everyone such a pleasant chance to discover important secrets from this site. It can be very pleasurable and also stuffed with a good time for me personally and my office acquaintances to search your site more than thrice weekly to learn the fresh guides you have. And of course, I am at all times motivated with all the striking solutions served by you. Certain 2 areas in this posting are honestly the very best I have ever had.
My husband and i ended up being absolutely excited when Michael could do his studies by way of the ideas he obtained out of the blog. It is now and again perplexing just to choose to be releasing solutions that many others have been trying to sell. And we understand we have you to be grateful to because of that. Those illustrations you’ve made, the easy blog menu, the friendships you can assist to foster – it is all superb, and it’s assisting our son and our family imagine that this issue is enjoyable, and that is incredibly serious. Thanks for the whole thing!
I am also writing to let you be aware of what a wonderful discovery my cousin’s girl enjoyed studying your web page. She mastered a wide variety of things, including what it is like to possess an incredible teaching nature to let other individuals easily thoroughly grasp certain extremely tough subject matter. You truly surpassed people’s desires. Thank you for showing those interesting, trusted, informative and in addition unique thoughts on that topic to Emily.
My wife and i have been absolutely comfortable Albert could finish off his inquiry through the ideas he discovered from your own site. It is now and again perplexing to just continually be giving for free helpful hints which many people could have been making money from. And we remember we need the blog owner to appreciate for this. The main explanations you’ve made, the simple website menu, the relationships you will help to create – it’s got many fantastic, and it’s aiding our son and us believe that that article is exciting, and that is very indispensable. Thank you for all the pieces!
Thanks a lot for providing individuals with remarkably special chance to read articles and blog posts from this blog. It’s usually so superb and as well , stuffed with a great time for me and my office peers to visit your site at least thrice a week to find out the newest things you have got. And of course, I’m just certainly happy for the effective advice you give. Certain two areas in this post are indeed the finest we have had.