Market journey is never smooth. Just when we think that we are getting somewhere, there is a roadblock that sets us back.
Yesterday saw NIFTY going down 171 points. It was worse at 216 points but some recovery towards the close helped.
Our trades were doing very well till Friday.
This move yesterday took away a big chunk of MTM gains.
From near 71000 we are down to 58000.
It is still a profit. so there are no concerns. The strategy is about setting up the trades and doing nothing after that. Sometimes the wait brings additional profit, at other times it takes back some of the profit. Eventually all these things even out.
There is no point in worrying on day to day basis.
US markets were down yesterday but it seems we have already seen the down effect. SGX NIFTY is down only 19 points at this time. How the market fares today will be seen soon. Your guess is as good as mine.
We stay with the trades.
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.