Hello
Carried home long @ 18024 yesterday and about +200 points of M2M gains
Holding the same position now with -200 Points of M2M draw down
Was unable to get out or cut the position in the opening fall,
now no point in closing it or selling it in panic . . .
Just draw a line in the sand and say if I buy here where will I sell / put a SL . . .
So the SL goes below xx750, once that decision is made the mind is at peace and ready to absorb the -350 points ka jhatka . . .
As of now it looks like a very big down day . . . being on the wrong side of it not only creates a -ve M2M but also opportunity loss . . .
Then again
I have to accept this interaction of
my chosen time frame (30 minutes) based system with the randomness of the market.
Thanks