One day a big down move and one day a gain of 103 points. A typical trader would be tearing his hair in frustration and suffering losses both ways.
Not the lazy trader.
Market moves do not affect these trades. Only when the top 10 stocks do not outperform , there is some loss.
Nifty fell 183 points on Tuesday, August 13 and this was the position at the close on that day:
And a day later, when Nifty went up 103 points, the position changed to:
This was because the top 10 weights did not outperform on Wednesday.
Look at the top gainers for the day:
None of the heavyweights are in the top gainers for the day.
Such days are a bother but we live with them. We do nothing.
Enjoy the holiday today and as far as trading is concerned — Stay lazy, stay happy.
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.