Trading is more or less sailing by yacht (Manual) Direction of Wind determines proper sailing identifying direction of the wind is key.
In Trading Trend .....identifying direction of market move is the key to success Technical knowledge and proper trading skill is Key
Every day trading teaches great lessons unfortunately most of us fail to acknowledge our mistakes but we are overwhelmed by some small success
ENTRY EXIT AND STOP LOSS ARE KEY.
MY TRADE TODAY
ENTERED LONG AT 5340 EXIT AT 5368
WAITED TO RE ENTER MY LONGS ABOVE 5380 NEVER COME ABOUT (ONCE IT MADE HIGH 5385)
DEFENDED 5330 FINALLY THE FALL WAS SO SHARP FROM THAT LEVEL
I ENTERED MY SHORT ONLY AT 5305 AND CLOSED AT 5250.
KEEP YOUR OPTIONS OPEN WHEN YOU TRADE
Many of you may known to all these aspects please excuse if i over done it.