SH's 315 Strategy - how to use if effectively

Piuvbn

I am an avid follower of 315 and regret not taking shorts yesterday. Now since I already have calls my ego was not willing to accept the loss so easily and wanted the market to prove me wrong.

But finally gave up and entered shorts at 4838. Loss booked in calls. I don't have any new strategy..

Happy to be with 315 again...
 
Piuvbn

I am an avid follower of 315 and regret not taking shorts yesterday. Now since I already have calls my ego was not willing to accept the loss so easily and wanted the market to prove me wrong.

But finally gave up and entered shorts at 4838. Loss booked in calls. I don't have any new strategy..

Happy to be with 315 again...
this is all we need !
 

NTrader42

Well-Known Member
Piuvbn

I am an avid follower of 315 and regret not taking shorts yesterday. Now since I already have calls my ego was not willing to accept the loss so easily and wanted the market to prove me wrong.

But finally gave up and entered shorts at 4838. Loss booked in calls. I don't have any new strategy..

Happy to be with 315 again...
Hello Rajesh

There are many things in-build into this system that makes it much better than plain ema cross system.

The calls you purchased could have acted as a hedge if you had not squared the short side of the trade (or re-entered as per rules), Anyway these are the experiences that help us grow as traders. . .

Lesson Learned, Price Paid, we can forget the price as long as we keep the lesson for ever. :thumb:

Thanks
 
Hello Rajesh

There are many things in-build into this system that makes it much better than plain ema cross system.

The calls you purchased could have acted as a hedge if you had not squared the short side of the trade (or re-entered as per rules), Anyway these are the experiences that help us grow as traders. . .

Lesson Learned, Price Paid, we can forget the price as long as we keep the lesson for ever. :thumb:

Thanks
Absolutely, that was my plan. To buy equivalent Nifty Shorts today and the Calls to act as Hedge.
Although the way market reacted today, could have made decent profits, but nevertheless due to unpredictability managed to atleast cover my y'days Calls and the Nifty Shorts without any loss.

Lets see what market has in store for future.

There was a quote earlier on MoneyControl - Don't cross your fingers for a Pullback. It proved so very true.
 
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