Being disciplined is of the utmost importance, but it.s not a sometimes thing, like claiming you quit a bad habit, such as smoking. If you claim to quit smoking but you sneak a cigarette every once in a while, then you clearly have not quit smoking. If you trade with discipline nine out of ten trades, then you can.t claim to be a disciplined trader. It is the one undisciplined trade that will really hurt your overall performance for the day. Discipline must be practiced on every trade.
When I state that .the market will reward you,. typically it is in recognizing less of a loss on a losing trade than if you were stubborn and held on too long to a bad trade. Thus, if I lose $200 on a trade, but I would have lost $1,000 if I had remained in that losing trade, I can claim that I .saved. myself $800 in additional losses by exiting the bad trade with haste.
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Nifty Future
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(Updated on 15-05-2012 Time 08.50 AM)
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As assumed Market continued sharp fall and lowered to 4855 as against our level
4876-4845 and bounced marginally.
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Now Today…….
Bearish trend seems to be continued and no respite yet seems for the bulls
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Trading below 4845 will throw the Market even lower to 4819.
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4793 may not be ruled out in panic fall.
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4903-4928 zone is nearest hurdle.
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