Your SGX trend not work everyday.........events day .......you should ignore SGX......and you have seen......flat openig of nifty.......and then nifty was green...of RRR hopes......when RRR gave negative surprise market fall......:thumb:
SGX indication was mentioned not as deciding the trend,(trend was down for last 2 days) , but to a person who was already bleeding with losses because of long positions. And when the trend is down, SGX is indicating downmove continuing, and losses mounting, in my view keeping the position against the trend on hope of event and some action by RRR is not a very wise and prudent action.So was hinting to him to get out at the earliest opportunity.
But the person added more long positions on hopes, a very expected and highly dangerous course of action.Add positions also adding to losses.Luckily the market did not crash violently but if it had, then what would have happened to the trader ?
Smart_trade