hi,
i gained that insight with the loss of 20k partly booked by rolling over from 5000 to 5200 call. though i thought i am hedging my gain with this short option. i definitely went for intuition and suffered this . as many times repeated by joe ross trade what u see not what u believe. my market scans are screaming for shorts in a lot of scripts in f&O. candlestick formations have not given a single buy signal on friday. increased volatility after a long run up is another indication for short. but as seen index have not shown weakness till friday. i am with market for now and hedged myself with long future against sold call. though i am very bearish for now at least as this is a hysterical euphoria which has a history of hard knock , a very hard knock down. i am 80% cash now , planning for 100% within next few days and hopefully go for fishing.
one more thing though i thought many times to short all weaker stocks but market action has frightened me to keep myself out from shorting,thankful to god for this. all underdogs have also ran like anything. but now i finding many ,almost all,of them are resisting their previous top are at resistance.there may be attempts for false breakout.
so shorting for at least 2 to 3 days is a big no-no for me.for i am a very timid guy who keeps his losses as small as possible .there are a lot of crackers waiting inside the market for dushera.
sorry spoken too much
any
i gained that insight with the loss of 20k partly booked by rolling over from 5000 to 5200 call. though i thought i am hedging my gain with this short option. i definitely went for intuition and suffered this . as many times repeated by joe ross trade what u see not what u believe. my market scans are screaming for shorts in a lot of scripts in f&O. candlestick formations have not given a single buy signal on friday. increased volatility after a long run up is another indication for short. but as seen index have not shown weakness till friday. i am with market for now and hedged myself with long future against sold call. though i am very bearish for now at least as this is a hysterical euphoria which has a history of hard knock , a very hard knock down. i am 80% cash now , planning for 100% within next few days and hopefully go for fishing.
one more thing though i thought many times to short all weaker stocks but market action has frightened me to keep myself out from shorting,thankful to god for this. all underdogs have also ran like anything. but now i finding many ,almost all,of them are resisting their previous top are at resistance.there may be attempts for false breakout.
so shorting for at least 2 to 3 days is a big no-no for me.for i am a very timid guy who keeps his losses as small as possible .there are a lot of crackers waiting inside the market for dushera.
sorry spoken too much
any