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13th June 2024 – the Trades

Blogs , Trading Life , Trading Mistakes

Runard6 June 13, 2024 12:43 PM

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SHILLONG :: Market opened at 23480 approximately, thereby allowing me good entry for call sell till gap fill, but I made a mistake in the trade execution, instead of call sell, I bought a call. I quickly close the trade, at …[..]…

As per my early market view, I was inclined with a positive view no matter where the market opens.

Market opened at 23480 approximately, thereby allowing me good entry for call sell till gap fill, but I made a mistake in the trade execution, instead of call sell, I bought a call. Realizing the mistake, I quickly close the trade, at 9:18am, and by that time, market has already started trading around 23430 levels, Therefore a straddle trade executed as below , expecting a cooling at this level:-

As the market was settling around 23360-70 Level, I added some more ATM & OTM put sell, with an expectation to rise from here, in line with my view. The orders as in the order book below.



Fig. NIFTY 50

All trades were closed at 12:00pm, as I had achieved my target today, and don’t want to loose my wins if any unwanted volatility at 1pm.

Fig. Current MTM at 12:00pm

Fig. Final MTM at the day end.

It was an easy day today, and I made a small mistake while entering trade but I close the trade quickly and managed a good Positive(+) MTM, and the following is the verified P&L– verified by Dhan.