This strategy is engaged in a strange pattern in this series. Trades go right for two days, then take a big step backwards. When things start looking better again, market throws a spanner into the works and we are halted again.
This has been going on for last 7-8 trading days and yesterday was again the kind of day when we had to move backward.
BANKNIFTY was the laggard of the market yesterday.
All the 12 stocks were losers.
With this kind of market, not much was expected from our set of trades and they took a beating. However the damage was not too serious.
It is the second trade which is causing some worries. But worrying never helped in making a profit.
We let the market do its thing and see where that takes us.
Trade cautiously, trade profitably.
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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.