Will Nifty Correct after 5400?
Last week was a Big Bang Diwali fireworks happening on Dalal Street. Nifty after 10 Weeks of Consolidation broke the 5169-4720 range and and After breaking the range with support of global market we are trading back to 5400 Levels.
Many of Traders are Struck with shorts around 5150-5200 Levels and were left surprised with 150 Points gap up which happened on Friday. I would like to share Few of my personal observation How to trade during such scenarios where you are left with almost nil alternatives.
1. Always be flexible and open minded during trading you will be doing 1000 of trades and loss in 1 trade is not end of world.
2. Protecting your capital is the first responsibility of trader which means SL is must and in Such Huge gap up best is to Exit position in Loss and than Look forward for next opportunity.
3. Never Indulge in Revenge Trading...
Read the Full Article
Many of Traders are Struck with shorts around 5150-5200 Levels and were left surprised with 150 Points gap up which happened on Friday. I would like to share Few of my personal observation How to trade during such scenarios where you are left with almost nil alternatives.
1. Always be flexible and open minded during trading you will be doing 1000 of trades and loss in 1 trade is not end of world.
2. Protecting your capital is the first responsibility of trader which means SL is must and in Such Huge gap up best is to Exit position in Loss and than Look forward for next opportunity.
3. Never Indulge in Revenge Trading...
Read the Full Article
posted by Bramesh at
12:31 PM
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