As a newbie, By Mistake while testing I bought Dec 20000 PE for 3200 now it is showing 10k loss, I don't want to loose that much money. What to do ? plz suggest

As a newbie, By Mistake while testing I bought Dec 20000 PE for 3200 now it is showing 10k loss, I don’t want to loose that much money. What to do ? plz suggest.

Why did you buy so far option contract that too deep deep deep ITM?

There’s hardly any liquidity in that contract.

For how much did you purchase and qty?

Bought 1 lot only, as I said, I was trying something and bought, that was my stupidity

Almost all would have done such mistakes early on (and even later). Part of the learning process.

Finally Sold it and made good profit … Lol … Profit from mistake…That too 1.3% in 5 days.
So much Relief…

Today you are happy if market tank even more you feel like banging your head on a wall for exiting early.

I don’t even follow that , so no chance :wink:

Happy to know that you ended with profits. Mistakes are human and it always teaches us a learning lesson. Just be careful in your upcoming trades and try to not panic when you feel something is wrong. Patience is the key when it comes to trading.

Thanks