SparklyRaccoon
SparklyRaccoon

[TRADING] OPPORTUNITY TO BUY OR OPPORTUNITY TO SELL ?

This was my last market update. I built a portfolio in real-time, explaining what I'm doing and why I'm doing it.

https://share.gvine.app/VaSwtbqJVzF384YRA

I have given a list stocks in the comment section where i want to build newer positions. I have given some psychology related tips as well. Check them out.

Out of the list Jindal, ABB, Siemens, Colpal, ICICI B, TATA S I did cut down on ICICI Bank and Colpal last week as they were around 2-3% gain. I found another opportunity in Havells as well. Although I didn't make a post about it or update it here, I did discuss it with @TheOatmeal in the DMs when i got in. My avg Buy price is 1575.

I have certainly been very lucky in this cycle. Well it's not just pure luck i did identify leaders of the current run and have been doing this for quite some time now. But the moves in my portfolio have been amazing and pretty smooth during recent fall as well. My top 3 winners are -

Jindal - +23.14% ABB - +39% SIEMENS - +44.32% These 3 stocks have given me a lot of cushion to operate further. None of the above 3 stocks violated their trending pivot during the market fall.

I made a few posts about SBI and that trade is still on. Check it here. https://share.gvine.app/yXc9GETSiWn8c2Uz8

https://share.gvine.app/yYujDrw15CLsLxC59

Today's session was excellent. The Nifty moved around 300 points in just 20 to 25 minutes, potentially wiping out months of gains for option writers and cleared up all the short term bearish players out of the system.Such moves in a single day can decimate months and months of hardwork. Just stay away from options if you can.

VIX often rises during election years, as seen in 2014 and 2019. I will only be concerned if it crosses 30 and stays there. Otherwise, it's not worth overanalyzing.People link rise in VIX with Possibility of government changes but if the market senses a shift, 8-12% would just go in a few sessions. The market will not give us a lot of time to manage our positions.

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6mo ago
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