Who says, 13 is an unlucky number...? Just closed the 13th position of STM....within a day - a massive 7% profit..!
Well, it was just in line with our expectation...! The signal was positive - Future signal upto 7725...! As it was on the verge of expiry , expected Spot also- almost similar to that....!
So, confidently went for CALL side...! Back up was current month 7600 PUT...!
Mentally prepared for it would go for a throw away prices...!
On a first look - it may look like a foolish decision...!
But, even in adverse direction movement - 7600 PUT itself , would fetch us a huge profit..!
As I was so sure on a positive direction - I went for MARCH month put itself as back up...! A bit of dilemma would have been next month PUT as back up..!
If we selected 7700 CALL current month and next month put as back up - things would have been easier. But any adverse direction happens, would make us nervous...!
Hope, now you can understand why this combo was selected, with very narrow gap.
I am happy that there are some interesting observations being made... thought of clarifying it...!
So, Yes, a bit of aggressiveness - to compensate on the two weeks idle period...!
If we can keep patience (or) can able to sustain high tension , we can even earn more on this combo...! But, I am a weak hearted guy & feel this is enough & happily made exit...!
When I am finishing this post, the combo is still showing 176 to 180 range...! Vow..!
So one more fluke Call.....!
More than technical competency, It's HIS blessings..! All the credit goes to HIM...! Let us continue our sincere prayers and let HIM take care of everything...!
With kind regards,