NIFTY stayed weak throughout the day on Monday. At one point it was down more than 100 points but staged a good recovery from there.
On such a day, YESBANK and INFRATEL ended higher while IBULHSGFIN lost big.
Among the short candidates there was no big move.
The method is still losing money but the position improved from the previous day. The loss came down from around Rs. 49000 to Rs. 36000.
We had planned to stay with these trades for 5 days and today is the fifth day. So we wait and watch for today.
SGX NIFTY is trading higher by about 50 points as I write. That gives an indication for a strong opening. Just an indication, what happens thereafter is entirely different.
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.
Azar Shaikh January 15, 2019 at 9:22 am
Sir if trade goes in our favour.Most likely Yesbank may do it. Will we get enough volume to exit position.Reply
Always Great learning with you sir.
SUNIL K SAHU January 15, 2019 at 9:35 am
You updated details of another month.Reply
admin January 15, 2019 at 10:00 am
Please go through carefully. There are two series being written about. One is Buy Strength Sell Weakness January 2019. Another is our regular series — January 2019– Options Buying Continued.
Sunil January 15, 2019 at 9:50 am
The trade seems to be of another month.Reply
Anonymous January 16, 2019 at 12:29 am
Hi Sir,with due respect may be you should stop writing this blog.May be this us the time to look and find the mistakes and correct those mistakes.Reply
Because there are people who are blindly following you and they are loosing lots of money.
I know this there is disclaimer but there are beginners ,students where money is very important.they are wasting their money.
Please stop giving option recommendations in the name of education.
admin January 16, 2019 at 8:52 am
Thanks for sharing your thoughts.
I respect the views expressed by the readers even when they are not in agreement with me. The blog is about teaching a method of trading options profitably. How can the success or failure be judged if it is not based on examples of real trades. I agree that the losses hurt when they happen. One just does not give up. You stay with the method.
I do not know how long you have been reading this blog. If someone had blindly followed ( as you mentioned) for last 8 months, that someone would not be complaining but counting the profit of little more than Rs. 5.00 lakhs.