• Rohit Katwal

Update - 31 November 2018

Volatile market made me exit some of the positions and enter into new one. I hope we are bullish now as market again rejected downside with good momentum. I will finish delivery trading with minor profit. This is 5th week so even little profit is bonus for me.

  • I was regularly watching market but as market crossed 24850, I added some short position.

  • As market crossed 24950, and by the time I could get online market was already at 25100.

  • Profit would have been fine, but I am fine with whatever profit I can make. I was travelling and I knew the risks. I had to meet a broker for my trading requirements.

  • I reversed my positions and sold put with reverse hedge of 1:7 to 8.

  • As I said, this was fifth week so I am not in much pressure to risk and earn more.

  • Benefit with hedged position is that losses are bare minimum.

  • If we go up tomorrow, I will end up making a profit of 5000, which is better than making a loss.

  • If market goes little sideways, then also it will be no profit not loss.

  • Also, we have formed a HH, HL formation, so I am convinced that market has bottomed for now, so I am bullish now. I hope its not a fake break to upside now.

Here are my positions, order book and admin positions now -

26 October 2018 - 01 Nov 2018.xlsx

Rohit Katwal

36 views0 comments