Just yesterday (LINK), I wrote about how March is going to be a red month, and today, we have a severe sell-off in stocks except for a few large caps. Per my system, I am kicked out of ALL my positions today except for three large-cap futures trades in which I am in profits (#WIPRO, #SBILIFE, and #IPCALAB). Suddenly, I am in a loss of 43 Lacs for March (3.5% drawdown)
A mechanical mistake I made is that I had exited 50% of #CAPACITE in February, but I recorded 100% exit in my journal, and until today, I assumed I didn't hold it.
Today, I found a position down by 14%, and it was CAPACITE. I immediately exited and corrected my journal.
So, when you compare the current picture with the one I shared two days back, you may see a slight increase in February profits.
Here it is, just in case: https://t.me/AfzalLokhandwala/6455
Most money is lost when the market turns. A smart trader takes it as market feedback and does not LOSE more subsequently. Only a few would understand this, and become champions.
Go through my messages from the last few days.
