SH's 315 Strategy - how to use if effectively

[srfelixmca]

Bought @4748. :thumb:

 

[rkkarnani]

Bought @4748. :thumb:

trust you "covered" your shorts!!

 

[Tradewithhunter]

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

NF gapped down with 3 EMA around 4800 ... I decided against booking shorts since difference was around 50 points only (also IB break)

continue to hold shorts

Cheers
SH

 

[rkkarnani]

Holding a single lot of 5100 PE... after a long time would have a "multibagger" in Options!!

Exited balance 4 lots much early though were "Free" after selling 5 of the 10 lots taken!!

Simply fear of loosing profits in hand!!

 

[rajesh pawar]

NF gapped down with 3 EMA around 4800 ... I decided against booking shorts since difference was around 50 points only (also IB break)

continue to hold shorts

Cheers
SH

Booked my short today morning at 4770. I wanted to wait for break of todays high to book shorts but greed took over and thoughts died down.

Re entered shorts at 4706 on 3ema touch. I was reluctant to re enter shorts due to expiry tomorrow and volatility but the trade was taken to instill discipline and have faith in 315 system.

Thanks.....

 

[rkkarnani]

Holding a single lot of 5100 PE... after a long time would have a "multibagger" in Options!!

Exited balance 4 lots much early though were "Free" after selling 5 of the 10 lots taken!!

Simply fear of loosing profits in hand!!

SL of 399 hit the Put (5100 PE) Did a high of ~465!!!

 

[timepass]

Re entered shorts at 4706 on 3ema touch.

3ema at 4706 ???

 

[rkkarnani]

3ema at 4706 ???

No this does not mean 3ema was at 4706!! It means, when Price was 3706, 3EMA was touching the Price bar which has high of ~4774 today!!

 

[trader_boy]

guys if nf closes above 4710 ..then should we hold or exit shorts cus then 3ema wont be touchning todays eod candle

 

[achopraa]

NF gapped down with 3 EMA around 4800 ... I decided against booking shorts since difference was around 50 points only (also IB break)

continue to hold shorts

Cheers
SH

But I thought and read in the forum that the profit to be booked if Nifty opens below 50 points. Anyways turned out to be good for you. Did you book at 4636?