On Thursday due to blunder my morning m2m was – 5.89 cr.
If no blunder it could have around -1.2 cr only.
In my early days of trading I was playing very aggressively with directional trading.
2.
I have applied same psychology on Thursday with directional trading.
Bought far OTM option immediately to reduce margin.
With reduced margin sold 3x qty more than usual. ( including option and bank nifty future)
3.
First time I was watching big swing in m2m till 2:30 on expiry day.
It was like -5.89 cr to -2.8 to -3.7 to -3.1 to -4.5 to to -3 to -5.5 to +8 L to -1.77cr
At news of Ukrainian surrender I booked all my positions at last -1.77 cr m2m.
4.
Again went short at 2:35 around once news digested and ended with profit of +85L
If you have a psychology of watching big swing and have no impact on your mind then you can continue risk taking trading.
I can handle that but I don’t want to take such risk.
Why?
5.
Because in my early day on earning 1L I was so happy and after full time trading I made 8 cr in 2.5 years.
It took 2.5 years to make 8 cr and now I don’t want to give away equivalent amount in just a day by taking bigger risk.
6.
That could be the reason why big traders are not taking risk and only focusing on amount in figure instead high ROI.
It’s very difficult see big swing in m2m with big position size.
Figure matters with big capital. Not ROI.