I stayed out of the market early this morning. After observing a reversal from top ,I shorted a call, expecting further downside given the weakness in price action and sentiment.
The trade was running at approximately ₹10 lakh in profit, but I was aiming for a larger target. The market then reversed and hit my stop-loss.
I waited again and reassessed. Put premiums were showing weakness, while calls looked strong on the chart, so I shifted to selling puts. Two trades, helped me finish with a decent overall profit.
The key is to maintain your composure, adapt to what the market is showing you, and stay focused on your process. Execution is in your hands,the outcome is up to the market.
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