Myra and Pallavi in Bangkok

28-May-2023

Myra and Pallavi arrived in Bangkok on 23rd May, and so it's been a busy week doing homely settlements with buying lot of kitchen stuff, taking water bottle subscriptions, and some site seeing. Life at Narathiwas was bit peaceful in this sense that you don't have to buy a lot of stuff, but now since I have moved to a rented place which is going to be my #Bangkok home for at-least next one year, it needs all daily utility stuff from kettle, utensils to cleaning methods. 

Well, the week has gone very fast with next set of tasks lined up. I need to sort out their dependent visas, find school and also close on the university for Anvay in next few weeks. Also, it's going to be slightly busier in office as next MVP of corporate portal will start and we get into the same routine of morning standups and evening leadership calls. 

On the trading side, I am too disappointed with my results of May as have to take an INR 125k loss while rolling over the positions to June, and June is also not looking better. In retrospect, it's the same old problem of not accepting a loss easily. I should have moved on after April adjustments and follow my intraday system. Markets seem to be euphoric with no signs of retracement. Everyone seems to be very bullish, and it's not looking wrong. 

I assume markets have already priced in that interest rates now peaked, and inflation is on downward trajectory which means any hard recessions fears already discounted. Also, no one is talking about #Ukraine war anymore. The world has moved on and country now part of ruins. 

Part of my strategy will be to get out of this trade without any losses. I am not sure now, that it can be done. I need to get more aggressive in selling puts to recover some and minimize losses. 

Also, I am getting a bit greedy on #IDFCBank which is showing 45% gains. I am getting biased to book profits and buy #Infosys last week. However, #Infosys has already moved up from lows lately, and one reason, I couldn't sell the bank equity last week as most of my IDFC bank equity is pledged, and I need to get it un-pledged before selling. I still think, Infosys is a good buy and it also pays dividend regularly. You can easily get 40k in dividends if you own a 1000 stock, which is not a great yield (<1%) but when compared to IDFC Bank, where zero returns for last five years. It's still a thought at the moment.

Have a great day!

vA