How someone can get fucked by the FIIs despite being right

Here's how the operators work to screw folks despite being right.

It looks like most traders in India are day traders and very few are positional traders. So most of the falls in Indian markets are gap downs and intraday the operators - a.k.a FII - Fucked up Institutional Investors do is to force short covering and in the process get some dumb longs.

Here is what happened to my traders yesterday:

1. Shorts @5272 - with 5300CEs as hedges in the ratio of 3:2

2. More shorts @5284 - with 5300CEs as hedges in the ratio of 3:2

3. Some more Shorts @5297 - with 5300CEs as hedges in the ratio of 3:2

Average short price 5282 or something .. and what happens 2:50 yesterday FIIs decide to screw all the shorts. And in 2 minutes some 12L Nifty futures are traded and price rises to 5291.

And I am thinking ... I have hedges so i am ok till 5300+. And boom next thing u know is suckers run it above 5300 - losses mount :(

And then they start premium of 11-14 points and market goes to 5311 - now I start doubting - OK I am short but this thing is looking ominous. Let me see if it stops at 5313-5314. Eventually they run it all the way up to 5320 and there's just few minutes left.

With heavy losses and the kind of volumes coming in NF - I feel Nifty will gap up - especially because S&P500 is oversold and if S&P closes 1-2% up - we might gap up to 5350 levels! So I decide to cover most of my shorts @5321 and leave the 5300CEs.

And the FIIs - the Fucked up Institutional Investors quietly gap down Nifty by almost 60 points -- like robbers entering through the back door. I was thinking what the fuck is that? At least US markets have some amount of shame - almost 80-90% of fall happens intraday. And gap down is just a small % of the fall.

And next day u don't feel like shorting because of the previous day ramp-to-screw-shorts :(

PS: And most Indian bloggers are horribly optimistic - totally unaware of whatever the fuck is happening in whole world. They take some oscialltors or some averages and live in their own world. I am sure even they get screwed by FIIs - because during months when Nifty rises - they might make money but during months when market falls they might just promptly give back all the the money to the FIIs!