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Stocks

Sos: Exit all positions, buy Nifty put

The stop loss of 3400 has been breached on the Short Only Strategy. Since I only use end-of-day prices, and this was the first day the EOD price crossed 3400, it had to be today when the exit was reached.

The return has dwindled to about 2.67% (annualized) now, which is pathetic. Gotta take care and get into the next downswing. Luckily there wasn’t too much of a position on this time, otherwise the losses would have been intense. Still, I see a huge downmove, so I’m content buying a few puts – 1000 to start with – looking for a 10% move down. That may not happen this month, so capital must be allocated to stretch across months.

My apologies for not keeping this updated – I get small bursts of time to microblog (Twitter) so have ignored the sheet. It’s updated now.

  • hari says:

    >Deepak,

    I wish your prediction comes true.Though some of the positions I took when the Index was at 8k are up 50% I didn’t buy a lot.Ironic and it has happened many times.

    I wish there is one big downward move to take advantage of ?
    Some of the IT counters are under fire like rolta and KPIT.Do you think this will sustain even after the Infy results or were they punished a lot?

    Thanks,
    Hari

  • Anonymous says:

    >Deepak,
    We have a very gr88 informative blogs.

    Kindly keep posting valueable and investing opportunities.
    Cheers,
    Arkad
    Happy Investing 🙂