The only things really working in this market right now:
#IPOs & #optionselling
Equity setups are getting chopped up, but IPO momentum and option selling are still giving opportunities.
Eg: One of my friends bought #Lalithaa at โน270 and booked at โน300.
But the chart gave no reason to exit. No meaningful red candle. The winner was still running.
He got influenced by M2M and exited early & eventually missing the next 10% move.
Trade the chart, not your M2M.
If you make decisions based on your M2M, your decisions will often be wrong. Youโll get influenced by the profit/loss youโre seeing instead of focusing on what you should logically do with the trade.
Always make your decisions based on your setup, strategy, and RM & not your M2M
Never miss a double-doji type candle.
#HDFCAMC had been ranging between the 200 EMA and 200 SMA for the last two days, showing clear compression.
Once it broke the range above โน2,625, the stock blasted
#stockmarketindia#nifty50#stockmarkettrading
@NoTthatReV Enter before the breakout by anticipating it with a defined stop loss.
When the breakout confirms, add on the pullback.
Knowing when to exit is the most important part.
Focus on stocks in your portfolio that are breaking down. When a stock or asset breaks below major support and enters a downtrend, don't become a buy & hold investor.
Protect your capital. By avoiding weak stocks, you can often beat the benchmark
#Gold#silver#xagusd#xauusd
@anilbalaji11 Okay, Thanks for the clarification!!
Also, 1 more doubt - when do you convert this into a credit spread - If a particular level breaks or after a particular week?