Friday, 5 February 2016

8 comments:

  1. URD,

    2nd innings started with 2 lots :)

    http://onlyniftyy.blogspot.in/2016/02/blog-post.html?m=1

    ReplyDelete
    Replies
    1. Rose

      That is great. Wish you good luck.

      URD

      Delete
  2. Hi Uday,
    There was one Trade near Blue line (IRH, Yesterday Closing Wave). Good Breakout, Initial move up, Weak pull back to that level. Long at ~7450 target 7470(PDH) Good momentum booked at 7500.

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    Replies
    1. Shashank

      Yes, there was a trade there and that is the reason I marked a line there. Good trade.

      URD

      Delete
  3. I was chopped left and right while taking the direct BO (SHORT) of the range at 1 pm, then taking BOF (LONG) very next bar, then taking BPB (SHORT) agin at the next bar. Got frustrated and missed the final BOF (LONG) at around 1:20 pm.. :) :) :)
    :)
    Now, in hindsight it looks so easy!

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    Replies
    1. Sunil

      Your first trade was a valid one. But it did not work. So what? Your each and every trade is not going to work. Once the trade fails, it is always better to wait for some time. Just wait and let that time pass. 9 out of 10 times you are going to make wrong decision immediately after a loss making trade. Time is the best medicine. It is a bitter medicine but very much required for your trading health.

      URD

      Delete
    2. Thanks URD. I lost good amount of money due to emotional trading. The BIGGEST fear I have is the fear of loosing out a good move! I can have control over other emotions but not on the fear of loosing out a good move.

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    3. It is better that you learn first how to handle that emotion. If you still continue doing it after knowing its ill effects, then you are in a self-destruction mode like a smoker. A smoker knows smoking is injurious to health, causes cancer etc but still smokes. You need to decide are you in that category of self-destructiveness? If yes, then nobody can help. If no, then start doing actually what is required. Make your own trading rules and follow them with discipline.

      URD

      Delete