Title: A Stroke of Luck: How I Made a Huge Profit in the Stock Market
Introduction: In the world of stock trading, making a significant profit requires a combination of knowledge, analysis, and a touch of luck. Little did I know that one trade would turn into my biggest and luckiest venture ever. In this blog post, I will share the story of how I made an unexpected profit of 1,55,000 rupees, defying all expectations and leaving me in awe of the unpredictability of the stock market.
The Trade that Surprised Me: Before this trade, I had never imagined that I would experience such a windfall. It all began on a seemingly ordinary day in May when the Nifty was trading just above 9000. Despite the lockdown being eased, the market had been underperforming for a couple of days. This led me to believe that there might be an expiration move due to the excessive number of short positions in the system. The technical indicators were also showing promising signs, with Nifty creating a strong support near 9000.
With conviction in my analysis, I took a leap of faith and purchased 1125 shares of MAY 2020 9200 CE at a price of 14 rupees. My belief was that Nifty would hit 9200 within two days, and the May expiry would go beyond that level. Looking back, I regret not investing a larger sum when I had such unwavering determination.
The Unexpected Surprise: After placing the order, I had to leave home and travel to the other end of the city, which meant I couldn't constantly monitor the trading screen. It wasn't until I reached my destination and opened my trading app around 2 PM that I received the shock of a lifetime. The Nifty was trading above 9300, far surpassing my expectations.
Without fully comprehending the extent of my profit, I quickly squared off my position at the market price. Only later did I realize the magnitude of what I had achieved. I had sold my 9200 CE at 152, pocketing a profit of 1,55,000 rupees on an investment of just 16,000 rupees. The screenshot I took just before closing my position (FIG1) serves as a constant reminder of this incredible trade (FIG2).
Lessons Learned: Reflecting on this trade, I realized that several factors contributed to its remarkable success. Firstly, not investing a significant amount of money helped me remain level-headed and avoid overwhelming fear. Secondly, being physically away from the trading screen prevented me from falling victim to false triggers that might have influenced my behavior and led to an early exit.
Conclusion: The stock market is a dynamic and unpredictable arena. This trade served as a valuable lesson, teaching me that a combination of research, intuition, and a bit of luck can lead to unexpected profits. It reminded me of the importance of staying calm and objective, even in the face of remarkable opportunities. While I celebrate this stroke of luck, I also approach future trades with a sense of caution and a desire to continue learning and improving my trading strategies.
Remember, in the stock market, anything is possible. So, keep your eyes open, seize opportunities, and who knows, you might just experience your own stroke of luck.
nice