THE TRADING DAY THAT KEPT ME ON MY TOES

Today was a day of trading that kept me quite watchful and busy.
The market did open gap down and was bearish as expected. 
My position was in a decent profit right at the open.

Then why was I on my toes (a bit nervous) ??

Because markets had reached a crucial level - Nifty @ 17000, which was a fall of almost 1000 points from 17950 levels. 

Sometimes, the markets do turn aggressively bullish when you least expect it. And the round figures sometimes act as the trigger.

Though the position was in a decent profit, I could not sit relaxed as most of the gains could be lost in thin air within a short time even before you realise something is happening against us.

Nifty after touching 17k, crossed it on the lower side. I got more bearish and executed some bearish trades. Immediately, it bounced back and started to recover some points, bringing me into a high adrenaline mode. 

I was already calculating the stoploss for the new trades and having my exit plans ready. But the market decided not to fade me out today and started falling down and thus I exited the new trades in a minor profit.

Thus, I infer that the higher Intellect (Markets) are giving me a warning sign of something that can turn the tide and thus have to be watchful. 

I am thus not very bearish at present, and feel the need to watch the price action that builds up tomorrow to get some clues. 

The markets do always gives us some clues, which we can understand only if we are willing to listen to it.

My dear viewers, do you also believe in this ? 

Have you been listening to the markets?





Comments

  1. RajeshSeptember 27, 2022 at 6:46 AM

    Hello Doctor,

    It's exciting to read your blog. Your emotions during the market hours that you portrayed here makes it interesting. Am a beginner in derivatives. Have been trading for about 6 months now. Did a lot of fire fighting with Option buying and finally ended up in Option selling. I do follow your daily videos and the fact that makes me await for your video is your simple approach.

    ReplyDelete

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