Friday, August 5

Trading System, Trading Rules and the Trading Plan

Today Nifty opened Gap Down and than continued its downtrend till it reached the 5120 levels set up a panic bottom than a pullback and a close above 5200 levels.How many traders blindly shorted at 5150 levels and end up in losses and How many must be averaging there longs at 5500-5600 levels only based on there emotions and intuition. As a Trader you should always trade on your trading system not with your emotions.
Buy and Sell only when your levels comes not on your emotions.
I have interacted with many …
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