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Subhadip Nandy @SubhadipNandy
, 7 tweets, 2 min read Read on Twitter
I am running a pure contra trade today, in with buys at exactly day lows for the instrument. Getting profit on my buys, not taking it.. waiting. I will wait the whole move or get hit on my stop, will not book profits early. Let's see
see the day low :)
now selling 160 at 2.50, making net risk 1.1 with a max profit potential of 8.9 #insane if done correctly
If someone read my analysis yesterday, one will understand this trade. I back up my analysis, always #skin_in_the_game
Now setup this position in such a way that will lose a max 20k if horribly wrong, can make 1.8 lacs if correct . 😃
So far, so good. Contra trade I discussed in detail yesterday :
After the whole day's various adjustments, now the position is a straight 150-160 bull spread @ Rs2 debit. As you can see, I have already made back Rs. 1 thru scalping, so actual risk now is R.1. Hope to recover that tomorrow to make the trade free
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