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Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, reports that the PARACABLES trade hit stops and resulted in a loss.
Lokhandwala explains that losses occur often in their trading approach, with many trades failing. However, he emphasizes that when trades do not work out, the resulting losses are always limited.
Lokhandwala previously discussed the sharp fall in the S&P 500 on June 5, calling it the U.S. stock market's worst day since October in an earlier market update. In a separate report, he noted holding four positions in India and recently adding SBCL, while monitoring setups in the auto, chemicals, and pharma sectors as detailed in his India portfolio update. These reports reflect Lokhandwala's ongoing commentary on equity positions and trade outcomes.