Migrating from my old thread of nifty daily 2018; back today after a 10 day holiday from the markets...
I shall be penning my views and levels of entry and exit of the nifty positional as well as intraday
Please note that position sizing is dependent on your trading corpus and all views expressed by me are meant for your understanding.
If anyone takes a trade, you are welcome but please have your own risk strategies taking into account SL levels printed here
Request you to bookmark this page and like it if you find the views adding value
Wishing everybody compliments of the season and a very happy new year
12 TRADING LAWS
1 DONT FORCE A TRADE
2 IF YOU ARE DEALING WITH PERSONAL ISSUES STAY AWAY
3 THE MARKETS WILL BE HERE TOMORROW
4 THE MARKETS CAN STAY IRRATIONAL LONGER THAN YOU CAN STAY SOLVENT
5 FOCUS ON SMALL NUMBER OF HIGH CONVICTION TRADES
6 ONLY TRADE MARKETS AND SCRIPS THAT YOU HAVE THOROUGHLY RESEARCHED AND FOLLOW
7 TRADE YOUR TIME FRAME
8 WATCH PRICE ACTIONS LIKE A HAWK
9 STUDY AND LEARN FROM YOUR LOSSES
10 AVERAGE IN ON YOUR WINNING TRADES AND INCREASE YOUR WINNERS
11 DONT PUT ON TOO LARGE A POSITION
12 YOU DONT NEED TO TRADE THE TREND
would also encourage ladies and gentlemen in the group to write their own reads and comments on my wall as well as it shall give me a better perspective. constructive as well as destructive criticism both welcome; I shall sieve through the constructive ones ;)
I am neither a bull nor a bear nor a pig, I am what the market wants me to be.
The context of "pig" comes in because its said " Bulls make money , Bears make money and Pigs get slaughtered."
for all who want to delve deeper into this adage please use google to understand more.