P R Sundar suffers a loss of Rs 1 Crore

Started by Michael Gonsalves, May 22, 2022, 11:17 AM

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Michael Gonsalves

PR Sundar revealed that on 19th May, he was carrying Bullish positions (presumably Put shorts). However, this backfired badly because the markets plunged like a stone because of relentless selling by the FIIs.This caused his to suffer a huge MTM loss of Rs. 1 crore.

"It is the worst day of my trading career," he said in a mournful tone.

He also stated that the huge loss had occurred because he had not paid attention to the position sizing and had made many silly mistakes.

"Even after so many years of experience, have gone wrong in position sizing and made few other silly mistakes, markets have chosen to teach me expensive lesson," he stated.