Trimming longs now
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January 2020
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Trader, Ex ICICI Bank, Edelweiss, 10+ years derivatives trading,
Price action + MacroEco
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Paper Trades
Stocks
Not moving as expected, want to trim positions
Moving too slowly, exiting
Naah took 15200 27may ce, stopped Friday, that's y saying v nicely timed
Nicely timed!
Subah pata chalega, abhi to aisa lag raha gap down, thoda sell and then second half short covering, waise expiry day hai to kya pata
Got stopped in morning. Was observing price action after that, doesn't look particularly good. If carrying might as well wait for result now, should get an uptick to exit. Hdfc group results are hardly ever bad. Position in the money looks difficult this series, seems to forming ...
When in doubt exit and evaluate, if trade correct reenter is what I do. Helps think clearly
I am pretty sure earnings will be beat, but given the macro context market may sell into any uptick
If closes higher/holds 2364, exit on the next short covering bounce, or a vicious downside break of 2365, immediate exit, that will be sign of breakdown
Not looking bullish, trapped me too showing upside on 28th april
Option value decaying so exiting beforehand, might enter via futures
@vivekpuri1987 Sir your comments on this trade ?
Moving too slowly, exiting
Actually better, let me buy March calls, buying calls to save margin, and not feb calls as theta decay too fast in last 7-10 days
Last week of expiry, theta decay fast, will square option and buy futures
Fresh break high, expect 4-5% move up further, maybe today
Move didnt come, still long will enter again in a day or two, either exide or amara raja
Market too bullish will try later when turns
Bad results, px action looks weak pst