Gujrat 2017 election result has come as expected, but what was not expected has also happened. BJP was suppose to win more than last state election held in 2012 due to its CM becoming PM of India – but that did not happen.
Congress is leading in major cities and even towns. This was unexpected by BJP, Congress and even the stock markets.
That is the reason today Markets opened HUGE GAP down and then swiftly recovered once it was confirmed that BJP will win Gujrat.
Hope you saw the volatility and market drama today.
This is why I say its important to keep money safe.
See today’s (18-Dec-2017 at 11.08 am) Nifty Graph – an amazing recovery.
At 9.16 am Nifty was 10,121.90 – and at 11.08 am when it was clear that BJP will win Nifty was at 10,423.30.
That’s a difference of 301.4 or 3% move intraday within 2 hours of opening.
I do not know about you but I am sure many future traders must have had a sleepless night yesterday.
Those who were Future buy would have lost huge today and would have exited the market by 9.30 am only to realize that had they waited 2 hours more they could have made a profit.
Same would have happened with Call buyers.
IF YOU DO NOT HEDGE YOUR POSITION YOU WILL NEVER MAKE MONEY TRADING THE STOCK MARKETS.
This is why I have been advocating to learn hedging since the start of this blog in 2015.
And those who did my course in 2015/16/17 are happy today.
See this WhatsApp message I got early morning today:
See the image clearly – this client was long future yet made a profit when Sensex, Nifty, Bank Nifty were all down heavily.
He couldn’t book profit in time else he would have taken home 10k in a single trade for a 5k course.
This is what good education can do to your trading account.
Do Not Take Tips, Do Not Speculate The Markets, Do Not Listen To Your Brokers – Just Learn To Trade Well Yourself, Stand On Your Own Feet And Make Money Trading Options & Futures For YOUR LIFE.
Learn Today And Stop Speculating The Markets From Tomorrow.
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Dilip Shaw, Founder
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