Tuesday, August 31, 2021

Index

Market is always right...  obey the market direction.... not your views...

Last week .... i exited the 16800 call short position with 6 points loss.... because...market told breakout... hence, i exited...

Today it is 443......  (you can't do adjustments when direction changes, adjustments can be done only on paper not in the real market)...

Message is, you should book the loss when the direction changes...  you should never ever fight against the trend...

Learn and earn....

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16800 call short follow up

Exited / booked loss @ 174.80...shorted at 168.80

Nifty spot trading above 16689...hence.. closed..

Will decide on Monday...

No position....

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