Financial setback

Financial Setback: Reflecting on Today's Loss

We experienced a financial setback due to the decisions made during today's trading session. Emotions overcame discipline, leading us to make trades based on ego rather than our well-established strategy. We deviated from our execution plan, failing to wait for clear market signals before taking action.

Frustration set in, prompting three additional trades in a misguided attempt to recover losses. Unfortunately, this approach only compounded the financial setbacks. It's disheartening to acknowledge these mistakes, as we know we are capable of better decision-making. However, it's crucial to view these experiences as valuable lessons, providing opportunities for growth and improvement.

To address this setback, we've decided to take a short break from trading to clear our minds and meticulously review our trading plan. We recognize the importance of emotional awareness and commit to engaging in trades only when they align with our well-thought-out plan. We are determined to bounce back, armed with the lessons learned and a renewed commitment to discipline.

Now, let's discuss the specific trades:

BANKNIFTY 44800 CALL loss of --43.13%

Bank Nifty 44300 PUT  loss of –-26.3%

 

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