Afzal Lokhandwala: Trade on DIOD closed after stop loss hit

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Ashutosh Sureka

2 hours ago

Afzal Lokhandwala: Trade on DIOD closed after stop loss hit — DIOD trade closed after stop loss

Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, highlights the realities of trading after a recent club trade in DIOD. The trade was entered on 18th June with a predefined stop loss, but the initial breakout did not hold and ultimately triggered the stop, resulting in a booked loss.

Lokhandwala emphasizes that not every trade will work out and views this as a normal part of investment strategy, stressing the importance of discipline and moving forward after setbacks.

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Lokhandwala has commented on recent bouts of market turmoil. Earlier this month, he explained the sharp fall in the S&P 500 on June 5, which marked the U.S. stock market's worst day since October. He also reported significant declines in major IT stocks, noting that Infosys, TCS, and Wipro each lost over 25% since February.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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