I have closed 50% OF MGC short at 1492.2. Idea is I will again get a chance to add short at near 1498-1500 zone Account : 112.9% of initial capital.
New Position NIFTY@SGX - Short - 11600 (Edited from 11575 TO 11600 taking into account the added Short given in the next reply) SL : Consistent 5 min Closes above 11640 Target: 2985 Basis of Trade: NIFTY tried to get above 11700 multiple times and it failed. Ideally would have wanted short near 11640, but not too sure if I will get a chance. I will see if I can add an another short at higher level, and will want to get atleast 200 points on this position. What I don’t like about this trade: a) I am shorting at a bounce zone and am expecting to be red for sometime. Most probably, this trade will show its true colors from coming tueday with festival holiday coming up in India on Monday.
Added Nifty Short position @11629.5 bringing up my cost price to 11613.3 Worst part is I entered that price while the bid was that 11632. Looks like broker is screwing me up here. Also added MGC Short @1497 moving up slightly my cost price to 1496.
Also I have doubled my capital to hold the nifty positions. Going forward, the gain will be shown 50% of what it is current. Almost running full positions on my capitals. So now, it will be all about managing the positions
Closed the Nifty position @11582.5 which was added at 11629.5. The earlier position is still open Account : 106.9% of initial plus added capital.