Nifty - Expiry Ending 05th Oct 2023
Mis à jour
Last trade hit target, although it took 2 expiries to achieve it and a long side TSL was hit but it was a nice capture of approx. 350 points.
Next week trade plan is shown on chart. Since the market has turned negative, therefore I will not take any bullish trade for next week, no matter how much market moves up. Any hourly candle closing above the breakdown levels will be my SL, which is approx. 35-40 points depending how close the trade is executed at breakdown level. As I always say, I won't take any trade if Nifty does not behave as per my analysis. Thank you!
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INSIGHTS:
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As usual, I will keep sharing my insights which are based on my personal experience in trading.
1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss.
2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity.
3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot.
4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling.
5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced.
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Next week trade plan is shown on chart. Since the market has turned negative, therefore I will not take any bullish trade for next week, no matter how much market moves up. Any hourly candle closing above the breakdown levels will be my SL, which is approx. 35-40 points depending how close the trade is executed at breakdown level. As I always say, I won't take any trade if Nifty does not behave as per my analysis. Thank you!
-------------------------------------------------------
INSIGHTS:
-------------------------------------------------------
As usual, I will keep sharing my insights which are based on my personal experience in trading.
1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss.
2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity.
3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot.
4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling.
5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced.
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Trade fermée: ordre d’arrêt atteint
Sorry could not update yesterday, this trade has already hit SL. I will post next week analysis by Sunday. Thank you!
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