How we made 8% in 24 days doing nothing !
not a thread 🧵 !
not a thread 🧵 !
https://twitter.com/chartians/status/1537338588740087808
⚡️16th June was one the biggest hit on negative side in a day ♥️⚡️
It was the day when we booked our biggest loss.
It was the day when we booked our biggest loss.
⚡️#Nifty was 15500 added dips till 15300
Was confident or would say lucky that it was a point where everyone seemed to be bullish. I was closely watching some clues of bottom formation, spotted none hence decide to enter in tranches
Was confident or would say lucky that it was a point where everyone seemed to be bullish. I was closely watching some clues of bottom formation, spotted none hence decide to enter in tranches
I was even ready for 14700 levels to add but luckily 17th and the next candle confirmed that we are in for a pause (Double doji)
⚡️Emotionally shattered but knew exactly characteristics of markets, the point you panic and shit your pants is the time you dont give up.
⚡️Had no guts to long nifty futures hence deployed a sizeable amount of #Niftybees and was sure max 100-150 or not more than 300 points.
⚡️Added my last tranche when #Nifty was at 15289-300 (⚡️#Nifty cmp 16750)
⚡️Still riding it and will see further levels.
⚡️8%+ in 36 days on a big capital.
⚡️Still riding it and will see further levels.
⚡️8%+ in 36 days on a big capital.
⚡️Still see no signs of bull run to start, we can or should see more downside and could break recent bottom of 15100
⚡️Obviously it wont happen tomorrow or this week but such counter rallies fog your mind considering it that market is back at it again !
⚡️Obviously it wont happen tomorrow or this week but such counter rallies fog your mind considering it that market is back at it again !
⚡️Hence will see 17k levels to book gains and then wait for another leg of downside till 14000-13900 (5-6 months down the line)
#Buyinpanic #Trading
#Buyinpanic #Trading
Now honestly speaking this kind of comfort comes only when we have a good corpus to deploy and is not possible for a small capital because once you book a cut throat deep loss i too lost my sane.
All i can say is no book helped me because no book teaches you to catch bottom neither one can learn to catch all of them.
Luck + risk taking ability + experience and screen time helped me.
My confirmation came when breakdowns like #SRF #deepaknitrate #IT and couple of pharma and #fmcg breaking highs caught my attention.
Decided to hop in and markets rewarded well !
See you next time !
See you next time !
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