Total Profits till date - Nifty 340,Bank Nifty 1010,ICICI Bank 101 points
Hi,
The great bull run still continues in the markets.The returns have been excellent so far,but the journey to 5900 Nifty has been tough.The market will favor some trading systems some of the time and the returns in the markets will always be variable with respect to time in trade.This up move never gave a significant pull back to enter.We have reached 5900 from 5400 without even a 50 point pull back.
Unless a trader is comfortable to enter a trade on a breakout, he would have most likely missed this up move.While entering on a pull back is a wise strategy, in certain market conditions.This strategy also becomes very frustrating specially under current market conditions.As markets move from range contraction to range expansion phase,adapting to changing market conditions should be a skill that every trader should strive for. Adaptability will come from experience and hard work.
Good luck.
The great bull run still continues in the markets.The returns have been excellent so far,but the journey to 5900 Nifty has been tough.The market will favor some trading systems some of the time and the returns in the markets will always be variable with respect to time in trade.This up move never gave a significant pull back to enter.We have reached 5900 from 5400 without even a 50 point pull back.
Unless a trader is comfortable to enter a trade on a breakout, he would have most likely missed this up move.While entering on a pull back is a wise strategy, in certain market conditions.This strategy also becomes very frustrating specially under current market conditions.As markets move from range contraction to range expansion phase,adapting to changing market conditions should be a skill that every trader should strive for. Adaptability will come from experience and hard work.
Good luck.
"Bear" in mind it's a Bull market!
Hi,
The up move in the markets has surprised every one.The momentum must have caused confusion in the mind of both bulls and bears.The dips are elusive and resistances just simply doesn't exits.Systems based on trailing stop loss will give better returns in current market conditions.
Such kind of "run" in the markets, if missed can cause a great deal of anxiety and lead to potential bad entries when it comes to investing for the long term.For a short term trader if such moves are skipped ,it will result in significant under performance.
This kind of unidirectional movement is rare as markets generally tend to remain sideways.Problem is we never know whether a move will be a big one or a choppy one.
Good luck.
The up move in the markets has surprised every one.The momentum must have caused confusion in the mind of both bulls and bears.The dips are elusive and resistances just simply doesn't exits.Systems based on trailing stop loss will give better returns in current market conditions.
Such kind of "run" in the markets, if missed can cause a great deal of anxiety and lead to potential bad entries when it comes to investing for the long term.For a short term trader if such moves are skipped ,it will result in significant under performance.
This kind of unidirectional movement is rare as markets generally tend to remain sideways.Problem is we never know whether a move will be a big one or a choppy one.
Good luck.
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