get out at suitable moment and book some loss. On monday keep ur SL at high of first bar in 15 min TF + suitable filter.
Get out or this market will really beat u badly. dont wait for recovery. recovery may or may not happen.
but i think u have done it as per 315 system, that has already generated buy signal. Follow ur system and loses are integral part of any system
looser, he has shorted Nifty, so he is not waiting for "recovery" he wants a breakdown to previous lows...
If he is following 315 , he is correct in staying "short", 315 is yet to give a Buy signal which was far away at the begining of yesterady but with a ~150+ points move in NF the Long signal might have got closer.... as suggested by a few members, one can take position in Options to minimise whips!! I personally too 5400 PE in Nifty June for just ~19.90, I know my profits would be less but so would be my losses. Totally agree with you : "Loses are integral part of any system"!! One must accept it to trade more confidently. Thanks.
ps.: Would like to add : If possible, let us try to refrain from advising on this thread and allow Sharmaji to respond... or we may tend to dilute the very intention of this thread!! Just an observation, as for me, now onwards, "mostly" I will be asking or commenting on Sharmajis posts.