SH's 315 Strategy - how to use if effectively

[rishete]

3EMA touch.. Short again (hope this is as per rule)

 

[rajesh pawar]

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...

 

[trader_boy]

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]

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

 

[achopraa]

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.

 

[jsgrewal]

market did go to kiss 4860 in the dying moments but not before shaking even the ardent believers in the strategy!

 

[Piuvbn]

Jai ho 315. PR

 

[achopraa]

Jai ho 315.pr

Market Opened Gapdown.
Covered the Shorts.
Waiting for market to touch 4839 (Highly Unlikely) or 4711 to Enter Shorts when 3EMA touches Candle.

 

[Piuvbn]

Market Opened Gapdown.
Covered the Shorts.
Waiting for market to touch 4839 (Highly Unlikely) or 4711 to Enter Shorts when 3EMA touches Candle.

Journey started at 5155 now 4745 (410). Dil Mange More!!! PR

 

[achopraa]

Journey started at 5155 now 4745 (410). Dil Mange More!!! PR

And you holding since 5155 and didnt exit at any point...Hmm...