Sep21-W1: Nifty Option Trades mismanaged to cause loss

If I stay with you, if I’m choosing wrong

I don’t care at all

If I’m losing now, but I’m winning late

That’s all I want

I don’t care at all

I am lost

I don’t care at all

Lost my time, my life is going on

It is not like I did not take stop loss. I took it on 17050 CE but immediately sold 17150 CE. Why? Because I wanted to recover the money heist done by Nifty. P&L was situation was not that bad till Wednesday as I did some smart plays between 17150 and 17200 CE. But by Thursday noon, I decided to retain 17200 CE till 1530 and rollover in case of loss. And well, the rest is history. This trend is not my friend.

So I sold OTM strangles from Aug 27 to Sep 2 whose daily candles were like this:

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Here are the results:

Net Profit (after deducting brokerage)	Capital deployed (approx)	Week’s ROI	Annualized ROI for this week	Total no. of weeks traded till today	Annualized  return till today
Rs. -11,051	Rs. 7,16,384	-1.54%	-55.43%	12	6.01%

The following is breakdown of week’s positions:

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DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.