For last few days, banking stocks are moving up and down alternately. The effect on our trades is that we went up from losing to gaining to again losing.
So many days have gone and our trades have not gone anywhere yet.
This is what BANKNIFTY did yesterday.
Actually, banking stocks were the only good place in the market yesterday. BANKNIFTY gained 2.19% while NIFTY was up just 0.71%.
The up move in the stocks helped reduce the loss.
Do we get into profit now?
Or will the loss increase?
Wrong questions. With a strategy in place one is not supposed to worry on a daily basis.
That is the lesson to be learnt.
We stay with the trades and answers to these questions will be given by the market.
Trade cautiously, trade profitably.
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.