Nifty Opens at 4.8% after a long time!
What are your positions? Were you long or short yesterday?
I had some call shorts overnight and This was a white swan event for me. biggest loss i’ve seen in my 5+ years of trading career which is about 5% of my capital.
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Long 
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After closely watching how prices behaved before and on budget day, I honestly started to dislike the instrument itself. The kind of moves, the randomness, and the way it reacted made me feel sick and wanted to step back completely and stay away for a while.
Long , but on a different theme and not the Nifty.
That hurts, no doubt.
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it does but i’m not sad for this. this is a rare event that too it happened on expiry day else it wouldn’t have been this much pain. 5% is not a small amount but still it’s not that bad, can cover without revenge or aggression trading. but yeah, it does hurt. i mentioned this just to show whoever reads that there are losses and it’s part of the game. i have no shame in accepting losses as long as it’s under control and within rules and systems i follow.
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I wonder if this gapup was planned because its something which came right after the budget which was a slash. Also this gapup touched the ATH and now its slashing. For the last few years, the budget month has always been red and hence in my opinion the budget month is plainly for value investing and not exactly for trading.
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No. The market can surprise based on events. If anything is certain, it is that the market is uncertain.
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Well markets are uncertain all the time. Its us investors/traders who make it certain and then we term is as markets went our way or the highway. The coincidence of the trade deal and the budget was too much and hence put it out there. It won’t change the way things run anyway.
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