Executive Summary: NIFTY BANKNIFTY Futures Short Sell Entry was on Friday 3rd June 2022 @ 16780 June Futures, by Friday 17th June 2022 were in Profit of 1,70,000 (mind you – all in one lot of NIFTY & BANKNIFTY); only to convert into loss on Friday 29th July 2022.

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This happened with us for the first time in Rocket Trades’ history of 6 Years that we thought we know all the answers but Market forcefully has changed the Subject itself. Result – Failed Miserably. 😢

We were prepared for Trend but NIFTY50 gave us Range.

Herewith attached the records, please see and help us understand where possibly we went wrong.

Pre-Entry Updates:

We want to clarify once again through these records that we are neither permanent Bull 🐂 nor permanent Bear 🐻. We simply follow the Market Trend by Avoiding Range Trading.

There is no logical explanation for this, Except that what we are and what we do.

Sometimes We may show arrogance, over-confidence, humbleness, flexibility but when it comes to Trading we strictly follow only Pillars’ Strategy and its levels’ and ruthless execution without caring for the end results. In one word follow Discipline, which will always save us from market volatility.

Entry, Exit and in-between:

BANKNIFTY has troubled us a lot. Especially during our Short Sell Holding period, SBIN acted as Strong Wall for the Bears. Because of that, NIFTY50 has shown V shaped recovery from 15183 levels.

Most Importantly, forget the consolidation for few Days, Market has not even spent few hours both at Top & bottom. Market just touched 16780 and came down immediately, likewise, touched 15183 and started recovering. And, that made Permanent Bulls or Bear’s Day.

People like us just remained spectator (rather loser) during this time.

All in all, we need to train ourselves enough to believe in nonsense (I mean volatility) and remain stick to it despite all evidence to the contrary. No Option. No Escape.

Bitcoin, KOSPI, Stock Futures, and News:

We were equally focusing on Global Indices like Bitcoin, Ethereum, NSE Stocks Futures which were either at bottom or were Possible BUY. But since we can not do crypto and NIFTY50 view was bearish, so we preferred to wait for Stock Futures which turned out to be judgemental mistake.

They all performed very-well, but we missed. Bad – Luck. 😞

Anyways, what happened has happened. And now We are waiting for next opportunity, which could be a Short Sell Trade most probably.