Silver Moving , Buying frenzy in the market, Locking profits, Next opportunities..
Check comment for update on silver & next sectors. A lot of things have happened since my last update. I was caught in election volatility & booked out 50% of my positions. I was hoping for further slippages in the market, but prices started recovering the next day & eventually, I built everything back in the next 2 days. Currently from last week i have started booking out profits from my positional trades. 1 day before the election my portfolio for this FY was up around 26% & due to election volatility it came down to about 9 %. It is back again to the previous levels, a bit above. I wont sell my top 2 stocks but i am booking out the rest gradually. Now the rationale behind locking profit is that, in the last month, the portfolio fluctuated from 26 - 9 - 29. If markets go into trouble, I don't want to give back 20% twice to the market in 1 month. If I have 100 shares, I book out 5-10 every day, so that I can get a good average if the price keeps moving up. I have already booked 50% of my total positions. This process is called BOOKING OUT ON STRENGTH. I am taking advantage of the parabolic move. Us markets are currently thinning out & a handful of stocks are taking it higher, soon our market will experience the same. As of now there are no triggers in our market. But it just takes 1 session for the sentiment to change. Now, I cannot let my money sit idle in my account, that would be foolish for a trader. What I am doing is getting into sector ETFs of Banks, It , Auto. ETFs are less volatile, if the market is going to move 5-7% more from here until Budget, my returns will be in tune with the market. I am fine if I don't outperform the market for the next 5-7%. After budget i will reasses the situation and will get back again into equities. It is also a good feeling to book out & bring that money home. Whenever opportunities arise in subsequent quarters I can hit it hard & go full throttle since I have a good cushion.
steppenwolf
Stealth
2 months ago
steppenwolf
Stealth
2 months ago
steppenwolf
Stealth
2 months ago
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by salt
Gojek
What do we think? JPow with the rate cuts is going to get us some nice returns hopefully 🤞
Loving how 2024 is looking actually. Getting rid of my cash position and all in on equity. Plus, locking in the good interest rates FDs. Not seeing lucrative returns on FDs till the next quantitative tightening now. Godspeed! Time to make some 💰
India's Nifty 50 and Sensex are on course to log the longest joint weekly winning streak in nearly six years
https://in.tradingview.com/news/reuters.com,2023:newsml_L4N3DA1AI:0-powell-s-rate-remarks-a-christmas-gift-to-global-markets-jefferies-chris-wood/