Newsletter date: 09-August-2018
According to news sources NSE has applied for extending equity derivatives trading hours till midnight from 1 Oct 2018.
If you do not know this news let me take back to a news sometime back in May, 2018. SEBI proposed a committee to look into extension of trading hours and finally in May 18 it gave a nod. You can read the news here:
http://www.zeebiz.com/india/news-sebi-extends-market-trading-hours-heres-what-experts-say-45795
And now in Aug, 18 NSE has applied for extension of timings of derivatives trading hours till midnight from 1 Oct 2018.
Trading Timing of NSE from 01-Oct-18:
Normal Cash Segment (Equity) : 9.15 am to 3.30 pm
Derivative (Futures & Options) 9.15 am to 3.30 pm – break – 5.00 pm to 11.55 pm.
This is good news for wining traders but very bad news for losing traders.
It is a high probability that if Nifty has applied then SEBI will approve it. BSE will obviously follow suit.
From 1-Oct-18 surviving without hedging will become impossible.
Lets assume a trader takes a trade in fist session (9-3) and loses money. He/She will obviously go for revenge trading in the second session (5-12), and lose more. Next day the story will continue.
And if you win you might try another shot in the second session – and will end up losing what you won that day. 🙁
Life is going to be difficult for traders who cannot control their emotions to trade, who do not trade with hedge, who trade without a plan, who trade on tips & who trade on speculation.
If you are reading this before 01-Oct-18 you will see this coming true after 01-Oct-18. And if you are reading this after 01-Oct-18, you will agree.
That’s the reason we should trade equity or commodity derivatives (futures and options) without any bias or direction and we should trade with hedge for protection.
My nifty course teaches proper hedging methods of monthly income with peace of mind. Its better to hedge and trade and be happy with a small but significant monthly income. With hedging there will not be any home runs, but your profits will start accumulating slowly to become big at a later date.
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