USA exchanges Dow Jones & Nasdaq had a blood bath in last trading session after Indian Market closures.
What to do now as an Investor?
If you are a long term investor, KEEP CALM, BE POSITIVE and accumulate good stock like SBI, IREDA, TRENT, (follow for more shares to accumulate) at lower levels. Investors should not be worried because long term gain comes only with this kind of roller coasters in market, so let it be.
What to do as a Trader?
If you are a Trader, do not carry any overnight positions in Call Or Put side on both buying and selling until and unless US and IRAN war have some seriously sound solutions, As we all know do not buy or sell anything reacting on Donald Trump statements as he is the most stupid President US have ever had.
Being a trader don’t rush to buy a put option, let market bounce and face resistance then only sell on rise.
If you already holding put option then if market open 300+ points then immediately book profits once market open with gap down and don’t rush for more profits. Please don’t go for second trade on Monday if already had profits.
If you are holding call option do not panic either. Let the market open gap down, there is a high chance of market to bounce before more fall as market always retests resistance before more fall. Sell your call option once market bounce from the 23000 to its resistance around 23200-300 so it will make your loos smaller don’t rush to sell call option as soon as market open in panic, let the market settle first. Suggesting to hold call option except 9 June expiry.
Always remember
“ When Retailers Sell Big Players Buy, When Retailers Buy Big Players Sell”
So don’t fall in trap, Be Positive & Don’t Panic because panic creates more losses.
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