Thursday, 11 February 2016

Nifty Future 11022016


It opened once again full gap down. Marked two potential short entry setups. There were very few opportunities to enter into the bullet train going south. But markets are like that. Some days it would fed you up a lot and make sure you lose your focus cursing the market it is going nowhere and some days are like this where it would hardly allow you to be a part of and keep you waiting.

5 comments:

  1. Hi URD,
    Took first trade and scratched it, then no trades, BOF of BRN Sl was wide also already NIfty fallen to much without meaningful pull back so skipped that.
    so zero gain in 250 point trend day.
    pls share some mindset thoughts for these kind of days.
    thanks.

    ReplyDelete
    Replies
    1. Imagine, you get ready to go to the office in the morning and reach to the bus stop to catch the bus. Bus is the only option for you to commute. You are getting late but you wait patiently for the bus to come. Then the bus comes full of people. You want it to stop so that you can enter, but it does not stop. Now what will you do? You don't have any other option but to wait again for another bus.

      So what if markets moved a lot without you. Was it the only day to trade? No. Tomorrow is another day and will be a full of trade setups.

      URD

      Delete
    2. True words...A day like this are very rare and we profit wherever the entry is...We don't know till EOD market has moved so much...If we approach another day with same mindset and it had lot of whipsaws, we would burnt our fingers a lot...What we can do is study,study and make it better next time...

      Delete
  2. URD,

    I made a self oath of NOT TO MISS SELL SIGNAL BELOW PDL & BUY SIGNAL ABOVE PDH.
    Got rewarded very good today.

    ReplyDelete