Welcome to Friday, the 13th.
The name is associated with a horror movie.
We do not need any horror show today. We had our worst nightmare coming true yesterday when our trades lost about Rs. 20000 collectively in a single day.
Our trades went real bad yesterday as NIFTY kept moving higher and all the stocks of our trades kept with the general market trend.
The net result for us:
No pep talk or encouraging words are going to bring back the money. In two days, we have gone from +19000 to -16000.
That was the doing of the market and bringing the money back too will be the market’s doing. We wait with the trades for yet another day and will consider salvaging our position on Monday.
No new trades.
Let us hope at the end of day it is a different theme:
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.