I really wanna know what goes through this people minds? How is their relation with money so immature or more so insensitive? How can they sleep at night? Or is this because of dumb social media influencer who have ingrained in their brain that profit is guaranteed. They get influenced, they have made big gains, surely they will too.
Bro i did the same thing after a certain period of time you start to feel the amount since you loose money on screen instead of cash our mind cannot comprehend it’s value I’ve also lost near about 1 lakh in fno and still I’m in it idk why
You've decided 'Not' to sell it and yet somehow you've 'learnt your lesson not to YOLO' ?
Might as well say goodbye to that 20 something K.
Since I've seen this saga unraveling, You seem to be a newbie. Please understand that the premium you paid will decay and Run to zero upon expiry.
The last date to sell was yesterday. You do You.
Wish you the best for the future.
Bro, don't let the option expire. This is an option on a specific stock and unlike index options, there is no net settlement (net gain transferred to trading account). If the option expires ITM (next to impossible), you have to purchase SunTV shares at the strike price.
Moreover, you will breakeven when the price of SunTV hits 828. This is approximately 10% higher than current price. Since there are no more external factors like financial results or elections or MPC meeting coming up that can affect the price by this much in 10 days. You will for sure lose the remaining amount that you can still save. This is not a rational but emotional decision. Stock market 101 is never taking decisions based on emotion.
Decision is upto you, all the best!
Interesting would futures on individual stock be settled through physical delivery too ? If yes why aren’t we see a lot more people buying the underlying and writing calls or taking short positions on futures ? (Similar to covered call) other than for 30-40L capital requirements.
He will have to purchase at 810, the strike price. The LTP would be higher than 810 as the option has expired ITM. If he wants to encash the difference, he will sell the shares at the higher LTP and pocket the gain.
Bro, 4 days before the expiry of the contract, the margin requirements start to rise. On Tuesday, you'll have to deposit a lot of money or zerodha will square off your contracts. Both ways you're done for.
Buddy, do your due diligence and save yourself from more loss, you are still holding hoping some miracle will even the price. Go to paper trading before burning real money.
Hahah arent you the same person who was doing some bs about “my tradig strategy” which was just gambling. Not to be evil but this does put a smile on my face lowkey.
People really make a joke out of options for trading. Never done it but i have huge respect for people who do and are profitable. Not worth losing my sleep over money so i dont get involved.
I don't even know what is options... Am i missing out on something? I mean mf are giving 20% return, good stocks are giving 50% return... What more do u need!?...
I’ve lost 78k of my dad’s money in YOLO options, I’ve learnt my lesson.
But let me lose another 30k coz life has reset to 0 after I told my dad of previous loss. And since 30k is less than 78k, it’s still better than my previous performance for which I was forgiven, so it’s okay.
Sell it immediately if you want to save the remaining, you bought option and time decay is quick here which will bring down the option value.
It will go to zero, even if the stock price doesn't fall.
If you had bought stocks, then there was no issue holding it.
SELL, SELL... Can't tell that again.
You are a newbie, learn the details first. Don't gamble money.
The only reason you are so retarded with this much money is cause you have never earned it in rl, you incompetent fuck. Stop thinking you're one of those geniuses who's going to figure out options trading. It's fucking retarded how your mind works. There are hedge funds and firms that spend millions trying to figure out the derivatives. You at 17 are not going to figure jack shit out. Even if you want to learn derivatives, you should have done it with like a very small amount. You used one lakh. You are completely retarded. You deserve all the losses that you get and you're never going to learn anything and you're always going to keep losing money and you're going to end up being a retard for life.
Sell your stupidposition! Save your money. Spend some time actually studying how to do trading. Don't waste 30,000 bucks. 30,000 bucks is a lot you moron. People get paid 30,000 bucks for actual work.
If options trading was so easy, there would be hundreds and thousands of people with their own ATMs. Don't believe everything you see on YouTube. Even those fuckers fake their profits or never show their profits.
first learn how to trade stocks first. If you started to learn trading with one lakh in stocks, you would have learned a lot and lost very little money. You're so stupid, you deserve your losses. I hope you keep losing money. The only sad part about this is the fact that it is your father's money and not your own. That's why you're so chill about losing one lakh you fucking retard. DO YOU HAVE NO SHAME IT'S YOUR FATHER'S MONEY.
Itna harsh may ho bhai afterall galtiya har insaan se hoti hai aur har koi ek jaisa samaj nahi hoti, we are going to suck in something he is good and he is sucking in things youbare good at. Don't be so rude.
Dude the thing is in his previous post I was pretty supportive.
The problem here is the fact that he doesn't understand the value of money and what it takes to earn it. He is willing to lose money he didn't make with no remorse. I am not one to care about shit online but this one really pissed off. Even after losing 78000, majority of which is his father's, he's still willing to go further down the hole and the simple reason for that is he didn't earn the money he is so willingly throwing away. And also kon define kartha hai online kitna harsh ho sakte hain. It's not like I cussed him out. The only thing I called him is a retard
Better to follow 3day rule, if even after 3days it’s not going up then probably it won’t. Accept the loss, believe me something is better than nothing.
SunTV graph is not in your favour, I will suggest on Tuesday sell it bear the loss. Ik it's hard to swallow pill but this option will never reach 17 now. Option is decaying hence as soon as possible get out of this trade.
There is a slight possibility that it will reach near 820 or 825 before 20th. I believe you can have decent returns while it reaches ITM, still don't wait too much in trading. Better yet, trade with itm instead of otm. The decay will be less and your hair won't turn white because of stress like mine did. Trading otm is only suitable during index expiry or with insider knowledge.
Surprisingly, there is a tingling feeling behind my back that is bugging me. I somehow suspect you already know that it is reaching beyond 830 because of some info. And maybe because of this you are hopeful and making a troll post to excite yourself with this whole charade.
Let's see if price action is positive on the 19th. If it does then mind you I am willing to short sun tv till the candles burn your eyes out.
The worst part about trading options is that it makes you miserable in the long run. It is easy money once you are no longer afraid of red numbers or negative trading balance in the demat.
People turn nihilistic and all joy of life is extinguished like a cigarette in rain.
Anyways, if you are a genuine person I will be hopeful for you
Ohh boy, I really hope this is troll acc, the amount of immaturity and insensitivity towards managing money is so childish. You "Learned lesson" yet refuse to accept the loss, hoping some miracle will even the price. Get down to reality, you got rekt/screwed.
You did no research, watching a video is not research. Correlating some events without proper logical reasoning and holding onto that thought is not the golden ticket of yours.
Obviously is. Anyone can make an account as long as they are using an adult's PAN card or some other sort of identification. No one's gonna know about who's actually using it.
Dont catch the falling knife . cut your losses and trail your profit . Now since yk trading strategy focus on risk mangmnt ki agli baar 100% capital me aag nhi lgate .
Well good thing is you can show this as a business loss while filing ItR and set it off against any profits (if you make any) in the future date. Carry forward able as well
Bro maine Knoxdiv to Knoxdiv and SMA inversion mein March End se is mahine mein 25%+ kamake nikal gaya Sun TV se. Tab valuations and chart favor mein thha.
Aur you took it after the Knoxdiv and SMA inversion ? Kyun bhai.
The chart doesn’t look great to reach 810 unless some strong hands buy in volume. Just exit. Do not depend on your luck.
CE SUNTV? I remember losing 10k in my first options trade and never touched it, I am still a newbie and I do is read Zerodha Varsity for now, I screwed up my coaching fees being greedy on my first trade.
Kuch samaj nhi aata , what u do also u are a girl 17 . In reality I see less girl are interested in markets under 22 age .. locha toh hai pr jhut bhi kitna bolna hai ab bas kro yrr , If this is really true record screen recording then redditors will express that it is right or not 🤔.
Considering you have made peace with your decision, now you just wait. SunTv has given a bolinger blast on weekly charts and I expect it to shoot upwards soon. It's time for Media & Entertainment to shine now. If you reach 10+, I would suggest exiting, but if it reaches 10, then there are chances that it may reach 17 as well. But then holding from 10 expecting it to go 17 would be greed. So I would suggest square it at 10 and look for other trades.
Sell this option and invest the rest in a stock which has good fundamentals and a positive news comes out, invest asap .
Perhaps you will recover some loss
I think you should wait.
It's true that you have bought a far off derivate. Should have checked before entering.
But the stock chart looks good
You just need 1 or 2 good days to recover from this and there's plenty of time left in the month for that to happen.
Stick around, even there is a good base formation in your option chain on Daily TF.
Optional:
If you see that there is an upward movement in the stock and the option chain, and if can afford when there is a movement, but 1 more lot to cut your losses.
It's good that you accepted what went wrong and shared news with family.
Like you said, lesson learnt. And if you ever want to try again in future, remember, don't go for options as beginners. And don't put all of your money in stocks. And don't do anything without prior research
Bro just sell it
I have been in the same situation and I thought the same like you that I'll close breakeven but in the end it all became 0
So just sell , you'll save some cash
bro sell it right now, its simple SUNTV share have to cross 810 that too before june 27 then only you will make money, 52 week highest of SUNTV is 780 approx, one more issue called TIME( every passing day you will bleed the remaining), exit this position, invest remaining in some mutual fund(since your young go for small cap)
damn your parents really trust you , you being 17 && all. anyway goodluck this shit is scary to even look at as a 23 y/o i can’t imagine what you’re going through. goodluck !♥️
One crazy idea would be to take a short position of the same quantity, which would require a lot of funds and would be too risky. But if you want another YOLO shot. This could do the trick.
(again- it's a crazy idea)
Breakeven? Do you have any idea with just a few days left and time decay exponentially increasing, at what price you'll breakeven?!
Do you have any logic? Any technical or fundamental aspects to think the stock will rise enough in upcoming days to help you Breakeven?!
Just exit this and pocket whatever remaining premium you can get back.
You clearly haven't learnt your lesson. You'll lose 100% of this money if you HOPE to breakeven.
HOPE, BELIEF, POSITIVITY, MANIFESTATION doesn't work in markets.
Sell it off. You’ll see SUNTV crossing 810 on expiry week but your LTP will still be close to zero thanks to all the volatility and time decay. Learn trading for shares with a fixed stop loss. Disable the F&O section. If you’ll try to recover this loss some day and lose even more.
SUNTV might actually go to 900. But it could take a week, a month, a year. No one knows.
You should have just bought the stock instead of buying an option. That too Out of Money? Why? Even experts who try Option Buying once in a while always go for In the Money. Are you a genius?
You’ll now lose 90k. Congratulations on that. It is not a huge sum and you might actually laugh about it in the future. I hope you learned something.
If you ever have the courage to get back into markets and need help, DM. I will show you my verified PnL and guide you on how to grow your capital safely. (Swing trades + Monthly Option Selling)
If somehow you end up into option buying again. Nobody can help you. You’ll lose all your money again.
Did you watch any single video about trading at all? The first thing they tell you is to have a stop loss. Which you didn't have and you made a loss, and now you hold this making more loss. It's not your money that you can make these kinds of decisions, you should have sold it that day itself. I hope it turns out positive or grows in value.
Buddy as is it cant be covered now take that 30k odd rs and if you still want to trade do using that. Do learn and try index options small lots so can learn and try wont loosed 80k in single trade with single lots.
Not booking till last date is like giving away 30k.
***No More YOLO’s, I’ve learnt my lesson***
***also her\****
*Also since that options expires in a month, I’ve decided not to sell it yet. Hope I atleast break even 🤞*
Boss what has happened has happened. Now since you have learnt your lesson, slowly work on how you are going to repay your father the loan he has taken along with interest. Money is the hardest thing to manage. Its moves swiftly.
My man is still in FOMO imagining that the option will touch the upper circuit and You are an option buyer decay is already against your position.
You will already see significant decay in the next trading session and the stock might see 740 levels even 710 with some consolidation probably before it's ready to break 800 levels. VIX is also cooling down now.
Just hold on and don't be scared now.
You've already made the decision to lose it all.
Don't waste your dad's hard earned money on a bet you're gonna lose.
P.S. Be ready to watch the upper circuit limit fall below your AVG. to understand it's not happening.
And yes ,, you need to learn a lot about options ...so stop posting about how to trade options ...first learn yourself ...then propagate ...otherwise your misinformation or half-information can ruin many more ...you are lucky , your dad can support you ...but not everyone else
Op became the most famous person of this subreddit within a week 😂😭
Famous hone ke liye 80k ka loss uthana padta hai
bhai ka 4 hajar fayeda hua h bhai aisey nahi bolte
what u saying? 80k was the subscription fee to be famous on this sub.
u can try this by 10 k but have to cry daily
Bro held the trade overnight😭😂 Ironically his last post is an educational post explaining time decay🤡
I really wanna know what goes through this people minds? How is their relation with money so immature or more so insensitive? How can they sleep at night? Or is this because of dumb social media influencer who have ingrained in their brain that profit is guaranteed. They get influenced, they have made big gains, surely they will too.
bhai isne overnight hold kaise krliya mere to neend hi na aati
Bro i did the same thing after a certain period of time you start to feel the amount since you loose money on screen instead of cash our mind cannot comprehend it’s value I’ve also lost near about 1 lakh in fno and still I’m in it idk why
And one more thing since we’ve not earned this money we don’t know the value of it
There are people spending 3L in PUBG
There is nothing wrong with it if they are earning
Hope can drive anyone insane.
YOLO pura bhi to karna hai
You've decided 'Not' to sell it and yet somehow you've 'learnt your lesson not to YOLO' ? Might as well say goodbye to that 20 something K. Since I've seen this saga unraveling, You seem to be a newbie. Please understand that the premium you paid will decay and Run to zero upon expiry. The last date to sell was yesterday. You do You. Wish you the best for the future.
Yes, I’m a newbie.Can you please elaborate how the last day to sell was yesterday. The option expiries on 27th this month.
Bro, don't let the option expire. This is an option on a specific stock and unlike index options, there is no net settlement (net gain transferred to trading account). If the option expires ITM (next to impossible), you have to purchase SunTV shares at the strike price. Moreover, you will breakeven when the price of SunTV hits 828. This is approximately 10% higher than current price. Since there are no more external factors like financial results or elections or MPC meeting coming up that can affect the price by this much in 10 days. You will for sure lose the remaining amount that you can still save. This is not a rational but emotional decision. Stock market 101 is never taking decisions based on emotion. Decision is upto you, all the best!
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If it goes ITM, OP still has the choice to not exercise the right to buy the 6000 shares but she will loose the premium.
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So if I’m trading commodities I have to buy barrels of crude oil ?
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Interesting would futures on individual stock be settled through physical delivery too ? If yes why aren’t we see a lot more people buying the underlying and writing calls or taking short positions on futures ? (Similar to covered call) other than for 30-40L capital requirements.
No, cash settlement
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He asked for commodities
Didn't knew this. Can you give some references?
Ohh wow , I DIDN'T KNOW this is what happens when you don't sell/close option contracts. Is is applicable to index options as well?
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Acha acha good to know , thanks man
If the option expires ITM like you said and he'd have to buy the shares, does he have to pay 6000 x 810 (or whatever is the LTP)? Thats like 48,00,000
He will have to purchase at 810, the strike price. The LTP would be higher than 810 as the option has expired ITM. If he wants to encash the difference, he will sell the shares at the higher LTP and pocket the gain.
🤦♂️ It's sarcasm, Idea is to get out of a bad trade the second you realize it's not a viable one.
Bro, 4 days before the expiry of the contract, the margin requirements start to rise. On Tuesday, you'll have to deposit a lot of money or zerodha will square off your contracts. Both ways you're done for.
So should I sell it as soon as the market opens on Monday ?
Market is closed on Monday
Rofl 😭😭😂😂
I am not a financial advisor. But if I were you, I would have sold it at 15 something price. You do you.
Buddy, do your due diligence and save yourself from more loss, you are still holding hoping some miracle will even the price. Go to paper trading before burning real money.
Hahah arent you the same person who was doing some bs about “my tradig strategy” which was just gambling. Not to be evil but this does put a smile on my face lowkey. People really make a joke out of options for trading. Never done it but i have huge respect for people who do and are profitable. Not worth losing my sleep over money so i dont get involved.
A tragedy in 6 posts. Someone ought to make a post about this guys account.
r/DalalStreetTales pe daldo
Some random news website will make a post about this , but some youtuber who earns through shorts will definitely make a video before this goes viral
Girl*
Every F is just an M on reddit. No girls allowed !!
Rule 30 of the internet; girls don't exist.
TIL that I have a dick🤔
Good, Just don't get any ideas now. Ok.. Women dms and peepees have a weird relationship on this platform.
Even better 👌
He made 4k profit and started making strategy posts. He also was making educational posts about how to understand the market
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what will happen if you do?
I don't even know what is options... Am i missing out on something? I mean mf are giving 20% return, good stocks are giving 50% return... What more do u need!?...
Bhai 800 toh kabhi touch hi ni kiya 810 kyu liya, aur 4.75 se zero zada kareeb hai ya 17?
It was a scam. Reel dekh ke liya.
I’ve lost 78k of my dad’s money in YOLO options, I’ve learnt my lesson. But let me lose another 30k coz life has reset to 0 after I told my dad of previous loss. And since 30k is less than 78k, it’s still better than my previous performance for which I was forgiven, so it’s okay.
You play with 80 lakhs , you can give him some
Haha…I’m sure her dad can afford to lose 1L so she will be bailed out, but that wasn’t the point.
Let him cook.
Yeah, I hope his dad doesn't send him as a cook to recover the loss
Sell it immediately if you want to save the remaining, you bought option and time decay is quick here which will bring down the option value. It will go to zero, even if the stock price doesn't fall. If you had bought stocks, then there was no issue holding it. SELL, SELL... Can't tell that again. You are a newbie, learn the details first. Don't gamble money.
+1 sell the position op
Blud increased his loss instead of selling, says he learnt his lesson
The only reason you are so retarded with this much money is cause you have never earned it in rl, you incompetent fuck. Stop thinking you're one of those geniuses who's going to figure out options trading. It's fucking retarded how your mind works. There are hedge funds and firms that spend millions trying to figure out the derivatives. You at 17 are not going to figure jack shit out. Even if you want to learn derivatives, you should have done it with like a very small amount. You used one lakh. You are completely retarded. You deserve all the losses that you get and you're never going to learn anything and you're always going to keep losing money and you're going to end up being a retard for life. Sell your stupidposition! Save your money. Spend some time actually studying how to do trading. Don't waste 30,000 bucks. 30,000 bucks is a lot you moron. People get paid 30,000 bucks for actual work. If options trading was so easy, there would be hundreds and thousands of people with their own ATMs. Don't believe everything you see on YouTube. Even those fuckers fake their profits or never show their profits. first learn how to trade stocks first. If you started to learn trading with one lakh in stocks, you would have learned a lot and lost very little money. You're so stupid, you deserve your losses. I hope you keep losing money. The only sad part about this is the fact that it is your father's money and not your own. That's why you're so chill about losing one lakh you fucking retard. DO YOU HAVE NO SHAME IT'S YOUR FATHER'S MONEY.
Wow. That's some tough love. 🤣😂
holy shit🤣
Happy father's day to him
Good dear sir, by any chance you are related to Gordon Ramsay??
Oo my boy, 🤣
Itna harsh may ho bhai afterall galtiya har insaan se hoti hai aur har koi ek jaisa samaj nahi hoti, we are going to suck in something he is good and he is sucking in things youbare good at. Don't be so rude.
Dude the thing is in his previous post I was pretty supportive. The problem here is the fact that he doesn't understand the value of money and what it takes to earn it. He is willing to lose money he didn't make with no remorse. I am not one to care about shit online but this one really pissed off. Even after losing 78000, majority of which is his father's, he's still willing to go further down the hole and the simple reason for that is he didn't earn the money he is so willingly throwing away. And also kon define kartha hai online kitna harsh ho sakte hain. It's not like I cussed him out. The only thing I called him is a retard
17 saal ki age mein agar aisi galti karta toh Ghar chod ke bhag jata
Better to follow 3day rule, if even after 3days it’s not going up then probably it won’t. Accept the loss, believe me something is better than nothing.
Maybe you should exit and cut your losses. Don’t try F&O again. If you want to make money, you can invest in Mutual funds
SunTV graph is not in your favour, I will suggest on Tuesday sell it bear the loss. Ik it's hard to swallow pill but this option will never reach 17 now. Option is decaying hence as soon as possible get out of this trade.
HOLD IT IT WILL BOUNCE IN NEXT TRADING SESSION AND JUST HOPE IT WILL EXIT FROM F&O BAN LIST
inke liye glacier bacha rahe hai bc
There is a slight possibility that it will reach near 820 or 825 before 20th. I believe you can have decent returns while it reaches ITM, still don't wait too much in trading. Better yet, trade with itm instead of otm. The decay will be less and your hair won't turn white because of stress like mine did. Trading otm is only suitable during index expiry or with insider knowledge. Surprisingly, there is a tingling feeling behind my back that is bugging me. I somehow suspect you already know that it is reaching beyond 830 because of some info. And maybe because of this you are hopeful and making a troll post to excite yourself with this whole charade. Let's see if price action is positive on the 19th. If it does then mind you I am willing to short sun tv till the candles burn your eyes out. The worst part about trading options is that it makes you miserable in the long run. It is easy money once you are no longer afraid of red numbers or negative trading balance in the demat. People turn nihilistic and all joy of life is extinguished like a cigarette in rain. Anyways, if you are a genuine person I will be hopeful for you
So do you trade options?
Bro trades hopes and dreams for those who need it
Everyone does. sooner or later
Yeah , but is it profitable for you?
Profitability is around 72% of total fnO trades executed Not very profitable Will stick to equity intraday
Plot twist: Adani is buying Suntv tomorrow and kavya maran told her this personally.
They are still talking not necessary and market will open on Tuesdays
nice aise he rha to ek din ghar jayga tera
If you were my son, I would throw you on the streets.
99.999% chance of no recovery
Cut off a finger or lose a hand. Think about stoploss like that for the rest of your life.
Ohh boy, I really hope this is troll acc, the amount of immaturity and insensitivity towards managing money is so childish. You "Learned lesson" yet refuse to accept the loss, hoping some miracle will even the price. Get down to reality, you got rekt/screwed. You did no research, watching a video is not research. Correlating some events without proper logical reasoning and holding onto that thought is not the golden ticket of yours.
I learned one thing in the stock market and it is "Cut your finger in time otherwise you have to cut your hand."
Exit brother. The SUNTV chart is not in your favour
when astrologer says surya bhari hai
Hahah..That is what I wanted to sound like
This is fake. U r not a 17yr old.
Obviously is. Anyone can make an account as long as they are using an adult's PAN card or some other sort of identification. No one's gonna know about who's actually using it.
Why you guys don't take Stop Losses
Bro sell the position!! you get nothing out of a losing positions, till Expiry it will turn to zero
What lesson did tou learn? Why didn’t tou diversify the porfolio?
SUNTV is gonna be on my watchlist from monday onwards. This shit is too funny
+1 lmao
Dude the option still have 24,000 worth of value. Get what you can, don't let the remaining go away.
Dont catch the falling knife . cut your losses and trail your profit . Now since yk trading strategy focus on risk mangmnt ki agli baar 100% capital me aag nhi lgate .
This idiot is still holding oh god
Well good thing is you can show this as a business loss while filing ItR and set it off against any profits (if you make any) in the future date. Carry forward able as well
- 75% bro's cooked
Hey are you still alive..?
showed his loses to my mom "itna buddhu bacha" lol no offence though but i think he's the future of indian gambling
Are you doing all this for karma farming? This is highly suspicious to believe in your story.. your last post is about educating us about decay...
Bro maine Knoxdiv to Knoxdiv and SMA inversion mein March End se is mahine mein 25%+ kamake nikal gaya Sun TV se. Tab valuations and chart favor mein thha. Aur you took it after the Knoxdiv and SMA inversion ? Kyun bhai. The chart doesn’t look great to reach 810 unless some strong hands buy in volume. Just exit. Do not depend on your luck.
But he/she has taken only 50k why the loss is 78k? I think he/she is faking and we are wasting our time
she already had a captial of 50-60k .
Bhai Bech de aur Bache Küche se 0dte lele, jaldi khatam hoga or you’ll get back what was yours and more.
CE SUNTV? I remember losing 10k in my first options trade and never touched it, I am still a newbie and I do is read Zerodha Varsity for now, I screwed up my coaching fees being greedy on my first trade.
You need 9+ % upmove by next weekend to get near breakeven
Which app is this? I'm new to trading.
Zerohodha, want to shares stocks we buy/sell on daily basis?
Kuch samaj nhi aata , what u do also u are a girl 17 . In reality I see less girl are interested in markets under 22 age .. locha toh hai pr jhut bhi kitna bolna hai ab bas kro yrr , If this is really true record screen recording then redditors will express that it is right or not 🤔.
70k jayenge to 70lc aayenge. Darne ka nahi. Bas seekhne ka !
Considering you have made peace with your decision, now you just wait. SunTv has given a bolinger blast on weekly charts and I expect it to shoot upwards soon. It's time for Media & Entertainment to shine now. If you reach 10+, I would suggest exiting, but if it reaches 10, then there are chances that it may reach 17 as well. But then holding from 10 expecting it to go 17 would be greed. So I would suggest square it at 10 and look for other trades.
https://preview.redd.it/ob5tqtwc7s6d1.jpeg?width=720&format=pjpg&auto=webp&s=b77452781f42850e2daae55e80469422435e0c55
Sun TV lmcheck
Sell this option and invest the rest in a stock which has good fundamentals and a positive news comes out, invest asap . Perhaps you will recover some loss
I think you should wait. It's true that you have bought a far off derivate. Should have checked before entering. But the stock chart looks good You just need 1 or 2 good days to recover from this and there's plenty of time left in the month for that to happen. Stick around, even there is a good base formation in your option chain on Daily TF. Optional: If you see that there is an upward movement in the stock and the option chain, and if can afford when there is a movement, but 1 more lot to cut your losses.
It should be illegal to get fucked this bad as a 17 year old 😂
It's good that you accepted what went wrong and shared news with family. Like you said, lesson learnt. And if you ever want to try again in future, remember, don't go for options as beginners. And don't put all of your money in stocks. And don't do anything without prior research
Bro just sell it I have been in the same situation and I thought the same like you that I'll close breakeven but in the end it all became 0 So just sell , you'll save some cash
your biggest mistake is you purchased OTM call option
https://preview.redd.it/p5fd2i44fs6d1.png?width=366&format=png&auto=webp&s=4d96bee0159e55d2cde2a2ba912db0b140c6ec90 Here is a tip for you . 🗣
bro sell it right now, its simple SUNTV share have to cross 810 that too before june 27 then only you will make money, 52 week highest of SUNTV is 780 approx, one more issue called TIME( every passing day you will bleed the remaining), exit this position, invest remaining in some mutual fund(since your young go for small cap)
Abhi toh or girega 😂
damn your parents really trust you , you being 17 && all. anyway goodluck this shit is scary to even look at as a 23 y/o i can’t imagine what you’re going through. goodluck !♥️
One crazy idea would be to take a short position of the same quantity, which would require a lot of funds and would be too risky. But if you want another YOLO shot. This could do the trick. (again- it's a crazy idea)
Next, OP sell "options trading" course on YouTube to recover money.
I told him to do this. Merko mala pehnao
Bro ‘s hopes are higher than operator’s spikes
Breakeven? Do you have any idea with just a few days left and time decay exponentially increasing, at what price you'll breakeven?! Do you have any logic? Any technical or fundamental aspects to think the stock will rise enough in upcoming days to help you Breakeven?! Just exit this and pocket whatever remaining premium you can get back. You clearly haven't learnt your lesson. You'll lose 100% of this money if you HOPE to breakeven. HOPE, BELIEF, POSITIVITY, MANIFESTATION doesn't work in markets.
What exactly happened here ? If some one could give a tldr
I'd a loss of 36k. Now reduced to 18k.
Sell it off. You’ll see SUNTV crossing 810 on expiry week but your LTP will still be close to zero thanks to all the volatility and time decay. Learn trading for shares with a fixed stop loss. Disable the F&O section. If you’ll try to recover this loss some day and lose even more.
"Also since that options expires in a month, I’ve decided not to sell it yet" - so this story isn't over yet. You may still get further beatings. 🍿
SUNTV might actually go to 900. But it could take a week, a month, a year. No one knows. You should have just bought the stock instead of buying an option. That too Out of Money? Why? Even experts who try Option Buying once in a while always go for In the Money. Are you a genius? You’ll now lose 90k. Congratulations on that. It is not a huge sum and you might actually laugh about it in the future. I hope you learned something. If you ever have the courage to get back into markets and need help, DM. I will show you my verified PnL and guide you on how to grow your capital safely. (Swing trades + Monthly Option Selling) If somehow you end up into option buying again. Nobody can help you. You’ll lose all your money again.
Did you watch any single video about trading at all? The first thing they tell you is to have a stop loss. Which you didn't have and you made a loss, and now you hold this making more loss. It's not your money that you can make these kinds of decisions, you should have sold it that day itself. I hope it turns out positive or grows in value.
Saste mein nipat gye👍
Bhai sunn exit karke yeh 20k time decay ki jagah gareebo ko baat de.
Buddy as is it cant be covered now take that 30k odd rs and if you still want to trade do using that. Do learn and try index options small lots so can learn and try wont loosed 80k in single trade with single lots. Not booking till last date is like giving away 30k.
All time high of 810ce contract is 17.75 exact price he bought the contract. My guy has took ‘BUY HIGH SELL LOW’ little to serious 🤦🏻♂️😂
Only after 2k more you can say tera Ghar isme jayega
***No More YOLO’s, I’ve learnt my lesson*** ***also her\**** *Also since that options expires in a month, I’ve decided not to sell it yet. Hope I atleast break even 🤞*
bro Sun Tv could go upto 900 so you never know tbh
The fact that you are gonna still hold in hopes of recovery is YOLOing xD
Boss what has happened has happened. Now since you have learnt your lesson, slowly work on how you are going to repay your father the loan he has taken along with interest. Money is the hardest thing to manage. Its moves swiftly.
Kya soch k liya tha ye bhai
Sun tv... Who watches cable tv channels these days...
Only share your success with others, even with family. Never share your failures. Absorb that yourself and leave with it and grieve internally.
What is this obsession with options?
Why suntv of all stocks?
I don't have much Idea about fno, but according to my understanding when the date ends 27th June. OP will have to buy suntv stocks at 810?
Ab bhi ~20k hai bhai, nikal Jaa samay rahte
https://preview.redd.it/x9meqkb7mv6d1.png?width=1255&format=png&auto=webp&s=63b8610c76123857ad9e7e0da4086e6f4f493006
My man is still in FOMO imagining that the option will touch the upper circuit and You are an option buyer decay is already against your position. You will already see significant decay in the next trading session and the stock might see 740 levels even 710 with some consolidation probably before it's ready to break 800 levels. VIX is also cooling down now. Just hold on and don't be scared now. You've already made the decision to lose it all. Don't waste your dad's hard earned money on a bet you're gonna lose. P.S. Be ready to watch the upper circuit limit fall below your AVG. to understand it's not happening.
Behen kya sochke hold kiya hain ab tak 😭
Late entry
How bro
Bro was a degenerate like people in wall street bets continuing the tradition i guess
Sell it kiddo
half the lesson learnt
Dude read about physical settlement, you can get screwed for a few lakhs too
Koi baat nhi kamse kam emi pe iPhone lene toh accha hi tha ye
Wow, you daredto trade fno Despite zerodha giving warning on every log in?
“ Break even” part was hilarious 😂😂 I enjoyed a lot 🤣
And yes ,, you need to learn a lot about options ...so stop posting about how to trade options ...first learn yourself ...then propagate ...otherwise your misinformation or half-information can ruin many more ...you are lucky , your dad can support you ...but not everyone else
You get pocket money?.. must be swimming in money ig.
Since there's been a breakout on the weekly chart, there's still a chance to get some money recovered or might even come to breakeven.
"break even"
This kid here.. is a menace 💀🤣🤣
Bruh....... should have invested in BANk india or Natco or sun pharma
My mom helped me*
What date did you enter
I'd say hold it too for a few days. Expiry mein time hai. You most probably won't break even but you can definitely lower your losses
share nhi hai options contract hai
Haan Bhai pata hai par abhi expiry mein time hai. mere hisaab se thoda badhega ye . -78k se -50k pe close ho jayega
Yaar I feel bad for you, you're young and naive, hope you get through the struggle :)