A day earlier I had mentioned that we are in real volatile time in the market. It proved prophetic.
A day of big gains is negated immediately next day by a bigger fall.
Two days, two big moves. At one time, we had seen a cut of more than 300 points. Surely not a market for those with a faint heart.
The sharp decline yesterday helped to improve the position from yesterday but we are not as good as we were on Friday last.
Let us be thankful for a day like yesterday even though some of the trades like ZEEL did not go well. We have to see at the total performance not each component. There is still time for the other trades to contribute.
Dow Jones was again down yesterday but Asia markets are mildly in the green. As I write SGX NIFTY is up by 29 points. No big deal.
We are in for another topsy turvy day. We hope it ends successfully for us.
No additional trades for the day. Watch the current trades carefully.
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.