NIFTY made a new high once again.
And then took a dive. It closed 100 points lower with losses all around.
There is a 234 points gap between the high and the low.
This relentless fall was bound to impact the setup in a negative way and it did.
MTM profit has come down.
But the strategy is about waiting it out. As always, we do nothing and stay with the trades.
Trade cautiously, trade profitably.
My book PROFIT FROM NIFTY OPTIONS — ART OF DOING NOTHING is now available on Amazon.
You can buy it here:
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.