I did short sell 1 lot of Educomp at 2350 on Thrusday and now with election results feeling extremely scared.
Definitely a big gap up expected on Monday and with extremely large volatility stock like EDUCOMP, it might open gap up arnd 250 points. Feeling scared.
Technically, as per charts I believe me shorting EDUCOMP at 2350 was perfectly ok for a short swing trade but now have a lesson learnt that sentiments also play an equally important role along with technicals.
What do you all think on this, how much loss expected for me on Monday. Also, please advice on how to exit now?
A market Buy order before market opens ? or
wait for market to open gap up and then buy seeing the price. problem with Educomp is that it very quickly goes up/down in first 5 -10 mins.
Definitely a big gap up expected on Monday and with extremely large volatility stock like EDUCOMP, it might open gap up arnd 250 points. Feeling scared.
Technically, as per charts I believe me shorting EDUCOMP at 2350 was perfectly ok for a short swing trade but now have a lesson learnt that sentiments also play an equally important role along with technicals.
What do you all think on this, how much loss expected for me on Monday. Also, please advice on how to exit now?
A market Buy order before market opens ? or
wait for market to open gap up and then buy seeing the price. problem with Educomp is that it very quickly goes up/down in first 5 -10 mins.