When you go wrong there are no places to hide.
Markets will prove us wrong many times. We have to take it on the chin and move on. Keep doing our job without fear and greed.
Here is how things went wrong.
The big loser for the day was TECHM.
It was our only success on the BUY side in March series and yesterday it just kept moving lower even when the market made a good recovery. Rest of the IT stocks were not so weak.
INDUSIND did well and NTPC too came off the low point of the day.
We stay with these selections.
The real trouble came on the SELL side.
Market was not in an obliging mood. Barring RELCAP and BAJAJ AUTO every other stock ended higher. LUPIN seems to be on an up move now and has caused the biggest loss.
We exit LUPIN at Rs. 810. I know it would be a big loss, but we had similar down move in our favor in March.
We stay in the trade in rest of them.
Things are not going well in the initial days of April 2018 contracts. But one has to taste the bitter with the sweet. Every month will not be the month of March and the battle is not won or lost till it is won.
Trade rightly, trade cautiously.
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.