Nifty is stable, India VIX above 17 and has increased more that 6% from previous close at 16.04. At the time of writing it had increased by 7.86%, it has dropped slightly now.
Some of you had booked profits in Strategy 1 after the RBI news helped VIX to drop significantly.
So today is a great day to enter Strategy 1 again.
We made a profit and since VIX is high we will make it again.
I do not think there is any real reason for the VIX to increase except the falling prices of crude oil.
It has tumbled 5% and it looks like the panic in commodity markets have spilled over into the equity markets as well. Otherwise there is no reason for the VIX to have increased so much today.
But isn’t this what we are looking for? VIX has increased and you can trade Strategy 1. It also helps that the trend is up – so there is a great chance that VIX may decrease in a few days. This is exactly what we want. Great opportunity.
For those who did not book profits:
If you did not book profits its highly suggested that you check your current trade.
If there is a small profit of even 2% – exit and book the profit.
And then enter into a new Strategy 1 today with 7900 as base.
If you are not making any profit, then wait till SL (stop loss) is hit as per the document. Stick to discipline. Trading profitably is possible only if you stick to discipline. Over a long time disciplined traders makes money. Non-disciplined ones perish.
If you do not know what is strategy 1 its a part of my paid course.
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Dilip Shaw, Founder
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