A new term thanks to Trump.
China retaliates by imposing their own tariffs on US exports to China and the markets tank.
Then as usually happens, markets decide that such a reaction was unwarranted and they recover. It is poor traders like you and me who are left wondering as to what hit us and why.
We can listen to all the explanations dished out on Business Channels by their experts — they will just speak the reverse of what they said yesterday — but no one has a word to say about our losses due to the knee jerk reactions of the markets.
A quick review of our selections:
With the fall yesterday, BUY selections went wrong whereas the SELL selections recovered some of the loss.
Still, it is not good going so far.
And the signs today are of a positive strong recovery. So the SELL side may take some more beating.
Still the decision is to stick with the same list.
Let us see how things pan out for the day.
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.
Prashanth April 5, 2018 at 9:46 am
Why are we not cutting loss in Tata Motors (-8.5%) and RPower (-17.63%) ?Reply