I am extremely sorry and apologize that I will not be able to continue this thread, since I started this experiment, its my responsibility to take it to logical conclusion:
1. I still find the broader market is weak and lot of churning happening and I am not able to understand it.
2. Know that one cannot be correct all the time, if any doubt crops up, best option is to reduce the equity exposure and think with clear mind the next step.
3. Its our hard earned profits and our priority should be to protect it first. This is what I am doing here, just follow the market and protect profit...keep repeating....over time it will make a huge difference.
4. Be humble to accept it if you are wrong and dont force your opinion on the market.
5. Being small & trading in cash and no leverage is a huge edge, as time is on our side which allows the leisure of not taking hasty decisions.
Strategy Update: 31-08-2020:
1. Sold PFIZER
2. Bought NTPC
3. Reduced equity exposure to 50%
4. PF status:
5. Performance numbers as of now:
23 continuous wins and no losses (If the remaining half does not get into profits the take will become a loss)
Average win% now stands at 7.02%
Next probable actions one can take for these type of strategies is that if the market does not improve in next few days exit all positions and the loss will be minimal, however if the situation improves, increase the equity exposure and continue running the strategy normally.