Monday, November 22, 2010

broker effect

today is a classical case of broker effect.5350 is being talked about.!!
i had a small short position in bank nifty and jp associates, which i covered at a loss right at 9.16 am.thankfully it was small since i didnt really wanna short overnight esp after panic.
i only wish he had called me before market close on friday and not in the evening. would have saved me good money, as i would nt have been short into close then.

but this is also a reminder to me to stick to ones beliefs.a bull mkt should not really be shorted esp overnight.intraday is the best trade if one wants to short.

a vacation to mauritius would ve been much cheaper!

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