Brother,
every trader forecasts.
forecast definition from Google
Verb
(to) Predict or estimate (a future event or trend).
Since markets are non-deterministic, everyone who is participating in the market has to predict/estimate what is going to happen.
You are forecasting Nifty will continue to go up (and will base your trades on that assumption). I am forecasting Nifty will probably go down after hitting 6300 or the where-about(and will trade based on that assumption).
Yes, I had entered a bear put spread on the BN before the Repo rate announcement and no, I am not holding it now. I have
long back closed that position at a loss.
I accept my losses quickly and do not hold on to my losing positions brother. I am not convinced in this up-move and therefore I am not participating in it.
Please note that I have no short positions, so there are no lines to read in between. I have no positions at all right now.
If you are convinced and are participating, its good for you and
I congratulate you on that.
My friend, please give opinions but at the same time don't make others feel lesser by calling them chameleons.
You may have opinions based on your reasons and I may have opinions based on my reasons. Just because the market is not going as I thought doesn't mean you can make fun of it.
Sorry if I have hurt anyone with my opinions. I will not post my opinions on this forum from now on.
Thanks.