Recklessness ( No SL ) killed my profit today

• I was experimenting a strangle.
• Max profit was ₹450/-
• Now, I was busy today so I went outside, by the time I came back I was in ₹ -2000/- Loss 🤬.
• A massive spike has shifted my ₹ 6 call to ₹ 60, sounds unbeleivable right.

Todays Chart

5 Day Chart

• The large green spike killed my position.
• I had no SL
• Took 4X loss.
• Eventhought loss is not much ( -₹2k ) & it was eperimental position.
• My recklessness was the reason I lost it.
• I feel indebted today as I got a slap from the market. Net time when I have big position I will never be this reckless again.

Lesson Learned Always Keep SL

― OptionsMaddy

NB: Also I couldn’t close my CE position. SO God knows how much penalty I would have to pay for that. I had a limit order which never went off and by the time i edit it market closed. 😞