NEVER TURN A WINNER INTO A LOSER.
We have all violated this rule. However, it should be our goal to try harder not to violate it in the future. What we are really talking about here is the greed factor. The market has rewarded you by moving in the direction of your position, however, you are not satisfied with a small winner. Thus you hold onto the trade in the hopes of a larger gain, only to watch the market turn and move against you. Of course, inevitably you now hesitate and the trade further deteriorates into a substantial loss. Theres no need to be greedy. Its only one trade. Youll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the marketplace all of the time. Remember: No one trade should make or break your performance for the day. Dont be greedy.
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Nifty Future
(Updated on 17-05-2012 Time 08.50 AM)
Yesterday we had written that 4845 is important level.
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Market bounced off from the low of 4827.
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Now Today…………..
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Trading Above 4869 for 15 minutes will drive it to 4886-4903.
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It will add more strength after clearing hurdle at 4925 on closing basis.
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4845-4819-4765 are important lower levels.
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Major Trend is Negative but Immediate and short term trend may reverse
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since markets are in highly oversold zone due to considerable and consecutive fall
