Hello Readers,
This was the first day of the project of Breakout. As i am working as a apprentice in a financial institution, i could not watch the market from the morning because of the customer rush in the office. But i managed to watch the OI which was favourable to the PE buying.
From that i had a view of bearish market. i could not watch the market , luckily i had drawn important supports in the chart earlier. When i open the chart at 10.05 am, the nifty trying to break my line and the OI is also favouring PE, so i entered PE option buying with a capital of 1500/- only out of 2000/-.
Due to my busy work, i put alert for target and stoploss which automatically inform me about that. At 11.05 am, my app shows the alert that my target hit and i closed my position. I just look for a targer of 0.23 % in nifty.
The nifty goes downwards very much and if i hold the position more time, i would triple my capital in one day. But i did not have the courage to do that because my profit will also washed out with the capital if the nifty reversed from any important zone.
So day 1 profit.
Rule: Don't be greed and fear
Rule: I don't need full movement of nifty, Go and take what you need today and return back safely
Thank you readers, hope for 15/03/2023
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