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Went to @HDFC_Bank today to open a new account. Had all documents + funds ready.
The manager asked what I do. I said I trade futures. He didn’t even know what that is, confused it with forex, and refused to open my account saying it’s “not legal.”
Futures & Options trading is completely legal and regulated in India by Securities and Exchange Board of India.
Forex trading is restricted in India (only allowed via approved exchanges), but that’s not even what I do.
Crazy that someone responsible for opening bank accounts doesn’t understand basic financial instruments.
Absolutely disappointing experience.
Missed an A+ setup because I was already red on the day.
I was chasing the 4H gap low and thought we’d finally fill the gap from the 23rd, it was only about 100 points away. But oh well.
Not breaking my rules by taking a third trade. On to next week.
~ $NQ Shorts
Today was the perfect example of why your SL should always be at SMT highs and lows. My original stop was going to be at 24,513, but I followed my rules and placed it at SMT highs and there we go, a smooth 1:1.
How to avoid losses 101 fr. Off to the gym we go.