Yesterday, the Bombay Stock Exchange (BSE) had a bad day at the office, with a decline of over 6%. Here are some observations and a summary of my trade plan:
1. I have been trading and investing in this particular script simultaneously.
2. As a result, my investment position is now free of my capital.
3. I plan to hold the script for the long term with a long-term stop-loss level, which is quite steep. I will let the compounding work its magic over many years.
4. The script is BSE, and there is potential for growth as Indians have not yet started investing. Additionally, there is a tailwind of options segments picking up the STAR MF platform and CDSL investment.
5. I will consider reinvesting if the stock sets up for trading strategies.
Disclaimer: I am currently invested in this script. Please do your own research.
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