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jackson_philips
Mar 30, 2020 8:06 AM

A look at higher TF Short

Nifty 50 IndexNSE

Description

I was just looking at the Monthly Chart and the Big Uptrend had to correct somewhere.
I've seen this happening in many TrendLine breaks, such a huge RED Candle break is usually followed by another Midsized RED Candle.
So this month shows a HUGE RED ******g Candle, and I'm going to assume that the Next Month is also going to be RED and it is very well possible that we will see the light of 7000 - 6500 Levels. ( LOOK AT FIB LEVEL ASWELL )
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If this happens, it is not really a permanent gloom & doom situation. I for one will be investing at least 50% of my wealth and then wait for the next 10 years.

Comment

Close to 14L in RED, Still holding :(

Comment

Close to 6L in RED, Still Holding :)

Comment

Added another 5 short. Total 40 Lots Short :)

Comment

Still holding Apprx 20L in RED

Comment

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
upk007
If you can’t sleep at night because of your stock market position, then you have gone too far. If this
is the case, then sell your position down to the sleeping level, ..Jesse Livermore.
jackson_philips
@upk007, nope Slept Good :)
You win some, You lose some.
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