Quarter 1 of FY 23 has given a lot of new learning in #trading and #Investment.
"#Market is like an Amoeba which keeps on changing its shape" so one has to adapt to it and grow.
So let's see what all #mistakes I did and what changes I did to my trading style.
"#Market is like an Amoeba which keeps on changing its shape" so one has to adapt to it and grow.
So let's see what all #mistakes I did and what changes I did to my trading style.
First of all, let's start with #Options Trading.
Earlier I used to take the entire position on Thursday/Friday: one week before expiry. Because of this, I had no margin left for any adjustments in case of gapup or gapdown opening.
Earlier I used to take the entire position on Thursday/Friday: one week before expiry. Because of this, I had no margin left for any adjustments in case of gapup or gapdown opening.
Now, I don't take all the positions in one go. It is splitted across three days.
25% Position on Thursday.
25% Position on Friday.
50% Position on Monday.
After this, I stopped doing fire fighting via adjustments and if Stoploss is hit, simply exit the position.
25% Position on Thursday.
25% Position on Friday.
50% Position on Monday.
After this, I stopped doing fire fighting via adjustments and if Stoploss is hit, simply exit the position.
Now in cash stocks.
I used to pyramid/average the stocks at random places instead of looking for support.
This has led to over accumulation of few stocks that were in downtrend.
I used to pyramid/average the stocks at random places instead of looking for support.
This has led to over accumulation of few stocks that were in downtrend.
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