“Wonderful Day & All well executed Trades”
#safebull , Blogs , Journal
SHILLONG :: Following up with the trend since morning, VWAP in 15mins candle have dipped and Cumulative Delta divergence observed after 1st 15-mins candle(green) with negative Delta.
Shillong:: After a huge loss on Thursday Expiry, reason being:
- Not exiting the loss trade early at stop loss.
- Sticking to the gut to achieve the 100% target instead market traversed in reverse direction.
Learned a lesson, the need to stick to the pre-decided stop loss levels and we should trust our gut but not to the extend that a green trade turns red.
After Learning these lessons, I had placed a call ratio spread for Friday on Finnifty with an expectation to open mildly positive for the Friday.
EARLY MORNING FRIDAY
After a sell-off in US and other world markets domino effect is seen in Indian Market as well, added with the SEBI Chief controversy- market open in red.
Following up with the trend since morning, VWAP in 15mins candle have dipped and Cumulative Delta divergence observed after 1st 15-mins candle(green) with negative Delta. Then using Market Auction theory waited for right moment. After 11am market started recovering but cumulative delta remained steady indicating absorption/exhaustion of buyers. Trade executed.
The Overall Market Scenario :
All looked red in the morning.
The Trades
The following were the orders placed:
The Positions:
Trading terminal positions.
