Retail and small traders like us need to avoid breakout and break down trades. Also broad market is range bound, so may be it may not produce good result.
Retail and small traders like us need to avoid breakout and break down trades. Also broad market is range bound, so may be it may not produce good result.
Not about today's trade. Also I am not saying that breakdown/breakout trades do not give profit. All I am saying, it would give panic before giving money. When these trades give money, give big money. But somehow it may not suite to our attitude and account!
Big brothers
namaste
my newly customized indicator showing lack of momentum in Nifty right now
Therefore, I will avoid any entry (either long or short) til I have some momentum building in the Nifty in any direction.
Please do not take my words for your trading. I am just posting to gain confidence and understanding.
thanks again to all