I was able to exit earlier position without any loss but have now landed in different soup.
Took position against my Day signal by going with Hourly signal. It seems to be going horribly wrong again. Must learn to control my urge to keep jumping in multiple timeframes. L
The position returns close to break-even. All signals are now in green. Let’s see how it developed over next few days.
I ignored my hourly chart and did not reverse position. Now paying price for it. Market tanked and I am still holding my position. The signal Is still green.
I am going to stick to my system. Let’s see.
After a long gap, now my signals are all green. Put has now reached below my sold price.
I had to pay heavy price though. I have booked loss of Rs 20000 while liquidating two lots.
With late surge, my loss has gone down now.
Also, out of four indicators, three are green now. But unless the fourth ne also turns green, the position still runs the risk.. (unless MMS comes up with some big-bang announcements).
Position Update:
Since Market bounced back, there is some reduction in loss. However, I had already booked loss in 100 puts (about Rs 20,000) . Let’s see if I am able to recover it by the end of the month.
I had to book part loss to avoid margin call. The position now stands at 250 with loss of about Rs 20000 booked. This has not gone as per my plan. My hourly signal will turn green tomorrow. Hoping to get the position back on track over next couple of days. Hoping that the loss gets contained at the above amount and is recovered by end of the month (September).
With markets crashing, position took hit again. One indicator is still up but all others continue to remain in red. Not sure how this is going to pan out.
I will have to decide till what time do I take losses L
Status Quo: Markets remained flat & position also remained where it was. Fingers crossed…
Market moves in my direction. Position has now come to breakeven. Not sure how next week pans out though as it is an expiry week. Also, only one of my indicators have turned. Let’s wait and watch.
The situation turned for better today with nifty bouncing back about 100 points. The position is still in loss but it has come down.
The Coppock signal has turned red again, but that seems due to oscilation in index values.
Lets see how situation pans out.
Every time I go against my signal….. It is a same story L
While one of the indicators is still green, position has sunk deep in red now.
I am holding on. Let’s see..
One signal continues to be in buy while others are sell.
I have taken big position. Not sure if this is going to work my way or hit me back. Fingers crossed.
I went against my system and took position.
I initiated the position on Friday and added some today. Today one of the indicators have turned green. Let’s see if situation gets salvaged somewhat over next few days.
Here is the update..
No change is signal. It looks like 16th will see one of the signal turning green.
I am not sure how will market react to RBI’s after-market announcement of curbing dollar outflows from India.
Let’s see J
No change in any of the signals. While Nifty closed above its pivot, not sure whether it will sustain.
Let’s see it tomorrow.
