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jackson_philips
Mar 27, 2020 8:44 AM

Am I just being a Pessimist ? Short

Nifty 50 IndexNSE

Description

Am I just being a Pessimist?
Still holding on to 35 Lots NIFTY Futures Short

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Still holding the 35Lots
Approx 14L in RED. Let's see where this goes.

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Close to 6L in RED, Still Holding :)

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Added another 5 short. Total 40 Lots Short :)

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Still holding Apprx 20L in RED

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Still holding. Approx 19L in RED.
I have 2 more days for April Contract Expiry :(

Trade closed manually

Exit with approx 1000 Point Loss :(
30L Down the Drain.
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Will stop trading for a few weeks and CRY in FETAL Position. I guess I was overconfident :)
Comments
AvadhutJosh
I also booked the loss but took opposite direction to counter some loss. Although it didn't recover fully but made me believe trend is friend in markets.
ssen
you are not alone mate.. I know the feeling.. trust me :)

It is very unlikely that the recent upmove had a lot of fresh buy.. given the current economic scenario.. mostly short covering I think.
All the best.
AvadhutJosh
@ssen, you are right. He is not alone but in Indian markets many a times it's operator show just by pulling up one or two heavyweights they manage things.. but this looks deep than that..
kedarchhatre
@AvadhutJosh, very true sir, jakson may earn heavy profit in coming weeks.
xTako
@AvadhutJosh, Explains why Reliance moved up 8%+ today.
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