Yesterday bears came visiting.
One moment everything is fine. Suddenly there was a collapse. Some recovery happened but sellers regrouped and came back again to push the index down a little bit more.
Is this is a sign that bull run is over?
Market moves up and market moves down. We can not keep worrying about everyday moves.
But yesterday’s move brought down the MTM profit quite a bit. The second trade moved into a losing position.
Some readers have asked me that we could have exited early in the day with a good profit.
We could have. Probably with around Rs. 14000-15000.
If we exit like this every time, how can we have an average profit of Rs. 23000 over last 19 months.
Fluctuations are part of the game. We stay with the trades.
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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.