ShriVenks

Options Trader

[ShriVenks @shrivenks]

Looking at Gift Nifty today early morning, I was sure my net position will turn green! But it was not to be...Not today.... the bears are really strong!
https://t.co/qw5rrG0SJX

[WayMac 📊 @waymac_x]

POV: Traders using the iPhone Duo😂😂💔

[ShriVenks @shrivenks]

Some recovery today helped by good move in BSE!
https://t.co/sYXm6NITs0

[ShriVenks @shrivenks]

Calls going in the red but exited none and no new entries. Have booked 8 lakhs in last 2 days... if stocks go up a bit in the next few days .'.. it should be fine!
https://t.co/IVx0y0ZwBE

[ShriVenks @shrivenks]

@broski_hu Yes... for stock options!

[ShriVenks @shrivenks]

Booked HCL put option in profit... rest of the stock call option positions lost in value!
https://t.co/yTgniSDgd3

[ShriVenks @shrivenks]

The only consolation today is that my stock options are in the net green. Booked HAL with some good profit! Trying to do stock options at the same time is taking my eyes off my index positions... not an excuse but a factor in my Nifty blowout as I did not focus and do proper risk management
https://t.co/eHzL0DlPI0

[ShriVenks @shrivenks]

@aj_nikhil It is a downward spiral with no end for some who take big risks!

[ShriVenks @shrivenks]

Closed the position with full loss! Thanks for all the advice and the support wishing me well.
Asked Gemini why it happened -
Loss Aversion: A psychological bias where the pain of losing money is twice as strong as the joy of making it. Traders hold losers hoping the market will turn back.
Disposition Effect: The tendency to sell winning trades too early and hold onto losing trades for too long.
Hopium: A slang term for blindly hoping a bad trade will recover without any factual or technical reason.Sunk
Cost Fallacy: Believing you must stay in the trade because you already lost a lot of money, rather than treating the capital fresh.
Ego/Pride: Refusing to admit being wrong to oneself or others.
Why It Happens
Lack of Discipline: Ignoring a pre-planned stop loss because fear takes over the decision-making process.
#VerifiedBySensibull https://t.co/tMkRIttY9U

[ShriVenks @shrivenks]

@AshishGupta325 I generally do intraday but with more capital got caught in a downward spiral!

[ShriVenks @shrivenks]

#VerifiedBySensibull https://t.co/mameNSz8Kg

[ShriVenks @shrivenks]

Holding on! Doesn't look good for Monday opening
https://t.co/waFBHcg5cZ

[ShriVenks @shrivenks]

@TradingBeast_ @BeSensibull It takes only the overnight ledger balance and funds added on that day. So, base is very low and so showing very high percent. Actual investment is 30.5 and loss is 15.9 and so loss % should be - 52%

[ShriVenks @shrivenks]

-10L (overnight) to +4L (9.50am) to -16L (close)
Plan is to hold till expiry.
Next week buy both ways during CAS and be done with the gain/pain in 15 minutes
#VerifiedBySensibull https://t.co/5xl9fmACGj

[ShriVenks @shrivenks]

@B4bulltraderr 50/50 chance... can go anyway.. taking a gamble only!

[ShriVenks @shrivenks]

@faizan_fs Not really... Got used to taking losses for last many years! :-)

[ShriVenks @shrivenks]

One more long shot...
#VerifiedBySensibull https://t.co/4cmaEOEtY2

[ShriVenks @shrivenks]

@pataanahimujhe Don't think there are enough reasons for the market to go further down except oil prices. If oil cools down, expecting some bullish moves.

[ShriVenks @shrivenks]

@riteshagarwal Breaking even now!

[ShriVenks @shrivenks]

@Samrock7861 Includes yesterday loss which was carried forward. Booked 11L Loss today... rest i am carrying next week expiry

[ShriVenks @shrivenks]

Managed to surpass the losses of last 2 years in one week!
#VerifiedBySensibull https://t.co/JsTRcvOCz4