Another volatile day but on the positive side.
NIFTY finally managed to close just above 11200.
LT and BHARTIARTL closed slightly in the red but that did not give us anything. Other two trades kept on going wrong.
Overall the day gave us a further loss of about Rs. 2200 which is not so bad viewed together with the 98 point gain in NIFTY.
A set back is a setback and now we need a big down move in at least two of our stocks to bring about some normalcy.
While we wait for that to happen, what we can do is that we do not add more trades to a losing situation.
Once again, no more trades and we sit though the day stoically.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.