If someone asks me right now "let me know your one of of achievement? "then I could proudly say "I did live commentary of NF auction with just 3.5 days break since 03Apr'19 till date" :)..It has certainly taught me a lot at professional as well as personal level.
My town Karur has lost 39 precious lives last evening including kids. It happened just 1000 yards from my office. And that meeting spot is where I lived for 7 years. Very unfortunate night.Couldn’t sleep last night and cant hold it.Who is responsible for all this? #KarurStampede
@ap_pune@price_is_king Those thrill moments for VSNL to connect with that dial tone :)..usually it takes 30-45 mins any day just to connect in my town..
Two ways to approach trading :
a) focussing only about making money
b) learning to understand auction context and in that process making money.
What is the difference?
In option A, focus is mostly on how much to bet, where to bet, where to part book and where to exit etc.
If stopped then thinking again whether double bet or lower the size and enter etc. Mostly on toes thinking about profit/loss, placing self under pressure when price lures/beats all day.
In option B, focus is with, where is Nifty? what is it doing? is it doing good or bad job?
good means what zone to hold and what to expect next? If bad means what to be probed next? where should be the invalidation? etc.
Experienced stick to think in the lines of option B.That is objective/process based monitoring auction..
This way of focus and approach helps to avoid random/revenge trades as you are delved in monitoring auction and tracking movement of NF than in the urge of thinking about money made or lost..So, going with approach B results in higher survival rate. Survival is key. Longer you survive you will come across many factors in trading world to finetune yourself to reach the destination whatever you are planning.
OAOR Nuance:
Large outside day and weak close on Fridays and then Monday gets follow through open means mostly we get lesser whips in morning and gets good extension on open side. Being start of week thats good open to set weekly range moves.
Our charts were also confirming our premarket bias so we played shorts from 23005 to 22905 based on above nuance.