2023-05-04 Recklessness Killed My Position Today Profit MTM +2K
Recklessness ( No SL ) killed my profit today
- I was experimenting a strangle.
- Max profit was ₹450/-
- Now, I was busy today so I went outside, by the time I came back I was in ₹ -2000/- Loss 🤬.
- A massive spike has shifted my ₹ 6 call to ₹ 60, sounds unbeleivable right.
Todays Chart
5 Day Chart
- The large green spike killed my position.
- I had no SL
- Took 4X loss.
- Eventhought loss is not much ( -₹2k ) & it was eperimental position.
- My recklessness was the reason I lost it.
- I feel indebted today as I got a slap from the market. Net time when I have big position I will never be this reckless again.
Warning
Lesson Learned Always Keep SL
NB: Also I couldn’t close my CE position. SO God knows how much penalty I would have to pay for that. I had a limit order which never went off and by the time i edit it market closed. 😞