In the last post I had mentioned about my first trade, and the losses I made in it. As it turned out, those were just paper losses, and I actually got to close the trade at a profit.
Whatever, in the end, I just got out capturing a panic-moment in the market when the stock went down from -4% to -7% in a few minutes. The best thing about the current market is that everyone is scared, and it takes only a few moments for a stock to fall down. The best policy during these volatile market should be to capture the intra-day volatility.
Still, the lesson is learnt from the trade. Next time, would be a little more careful before shorting a stock. It was a lucky escape for me, and I would be doing more home work from now onwards.
Whatever, in the end, I just got out capturing a panic-moment in the market when the stock went down from -4% to -7% in a few minutes. The best thing about the current market is that everyone is scared, and it takes only a few moments for a stock to fall down. The best policy during these volatile market should be to capture the intra-day volatility.
Still, the lesson is learnt from the trade. Next time, would be a little more careful before shorting a stock. It was a lucky escape for me, and I would be doing more home work from now onwards.
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