2023-05-05 Another Learning Day Gambling Loss -₹2K MTM Profit +₹700
Intraday straddle & Intraday buy went wrong on Big Money games
- Today I tried straddle again like yesterdays strangle.
- Went wrong horribly.
- Position sizing saved big loss
- Lost around -1K.
- After 3 O clock expected horrible upmove like yesterday.
- Took position intraday pe, thankfully one strike down.
- A massive downmove killed position.
- Averaged and got ample opportunity to reduce or close position in profit.
- But I gambled & lost another -1K.
- Loss is small but the mental trauma is hard.
Warning
Lesson : Never gamble to recover loss. Sometime it had given big retuns but the right way is better. Slow & study positional is the right way to go.
Current Position
Days History
Positional Strategy Size increased
- Also took positional positions.
- Expecting a small upmove on Monday.
Info
😉 I should pinch myself not to do intraday gambles like this.