NIFTY made a very big up move yesterday.
Very close to 200 points.
But the funny thing is that it did not add much value to our BUY selections.
They are where they were two days ago.
We know that markets had gone down by 116 points a day earlier. With these 196 points, we are in fact up by 80 points from two days earlier. BUY selections should have made a good show. They did, but not a real good show.
The SELL selections were not supposed to do well on such a day and they did not.
Where does that leave us ?
A trader faces these questions many times.
Markets will be tricky and irrational at times. We have to keep our belief in the methods we adopt. Same method gave us a very decent gain in the month of March. It is known to work most of the time. Let us not rush to judgement in just a week’s time.
I will stay with the trades.
For the record, here is the performance ( Poor Performance, I would add ) :
We shall review tomorrow morning.
Market opens in 20 minutes time. Let us see how the day unfolds.
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.