Hi friends, I am relatively new to trading, just 1 month old. I traded as if I knew everything and also earned around 12,000 in MINIFTY but suddenly, the trend did take a bad turn. I went for 5 shorts in August month, all averaging around 3898.00 and when the market raised, I thought it would come down before the day closes. It did not. Then I thought, ok, let us wait and hoped the next day it would fall. But right from Thursday, the market has been rising and now it stands around 4460. Just calculate my loss. A difference of 460 points for 5 Lots , 46,000 just vanished like anything. Had I covered at the initial stage itself, I would not have lost much. Still I am holding 3 lots with me, praying the market comes down at least 100 points tomorrow. No idea what is in store for me.
Yet, I have put up a brave smile, coz I have learned a great lesson through experience.