Another volatile day for the market and another bad day for being the lazy trader.
Nifty ended up higher with most of the heavy weights not participating in the move. Only financials did anything of note. RELIANCE did nothing and ITC went down 5%. INFY and TCS were both in the red and so were LT and HINDUNILVR.
Yesterday was not a great advertisement for the lazy trader strategy where the loss has now become very uncomfortable.
The other set up, Not So Lazy too suffered similarly and we have this to show for:
Down and out. We do not know yet. There maybe more pain today or some relief. Let us wait and see.
Once again, we do nothing.
Stay lazy, stay happy.
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.