Silver filled gap at 260k levels
Happy did not added at higher levels
Still not adding as there is no reversal sign
Falling like there is no end
225k and 200k seems to be next support
If sustains there, will think over ✔️
Imagine you’re driving at 200 km/h and narrowly avoid a life-threatening accident. Your heart is racing, but you’re safe.
Now you still have to drive home.
Do you continue at the same speed, or do you slow down?
Of course, you slow down.
That speed is position sizing.
After a losing trade, most traders do one of the dumbest things I’ve seen: they increase their size instead of reducing it.
They’re desperate to get back into profits, so they size up, take another trade, and end up digging a deeper hole. One loss turns into a spiral of losses.
I do the opposite.
If I take a $300 loss, I don’t risk $300 again. I cut my risk down to $150. That way, even if the next trade is a loser, the damage is controlled.
I’m not trying to recover the loss.
I’m trying to execute my strategy properly.
Reducing size keeps my emotions in check, protects my capital, and ensures that risk never interferes with execution.
Since I know I have a proven edge eventually I will get back into profit, maybe not the same day but the next day.
As long as I execute my edge well I will keep making money.
As a market participant, I always hope the budget will reduce STT, but it keeps going up. STT was introduced when LTCG was made 0, but now that LTCG is back... 😬
The 60% F&O STT increase from Budget 2024 (0.0125% → 0.02% on futures and 0.0625% → 0.1% on options) didn't impact volumes much at first, the bull market continued with surging participation. But markets don't always have bull runs; the impact showed up in the year we just had.
Projected STT collection for FY 2025-26 was ₹78k crores. Collection so far (until Jan 11) is ~₹45k crores. Even if we estimate another ₹12k crores by March 31, that brings the total to ₹57k crores, almost 25% below the projection. I think the government would've collected a lot more without the 2024 hike. 🙈
Of course, disclaimer: I'll benefit from lower STT, so my opinion is naturally biased.
BTW, the budget is on a Sunday this time, and markets are open. We're one of the few brokers that allow BTST trades on Sunday, and you won't get same-day NAV when buying MFs on Sunday.
This BlackFriday, We are providing our Legacy Scanner that has enabled us to catch all Multibagger trades in my portfolio 💼 and assisted me to make 10X at portfolio levels in the last 4.5 years.
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