A break from the emotional side of trading. Trading unsuccessfully is probably one of the most difficult things a person can put themselves through. The idea of being wrong hits our egos and most people can’t handle a run of ten losses, let alone a few years of unsuccessful trials. Not only does it make us question whether we are capable of success, it also gives a nasty double-punch by taking your money at the same time. No-one can tolerate that for very long without feeling pretty battered and bruised, regardless of the (hopefully small) amount of money involved. For me, the losses were insignificant but the idea that maybe I was fighting a losing battle was difficult.
The ability to reassess. Having the last few months off has given me enough space from the markets to be able to clearly consider my role within them. I can definitely say with all honesty that I am not done trading. I can also say with 100% surety that I am done with very short timeframes. I’ve been able to clearly look at who I am, and how my personality, talents and skills relate to the markets and the best way for me, as a private trader, to interact with them. I’ve realised that for me, seeing real humans every day is paramount to my happiness, and that I really enjoy interacting with and helping people. It stands to reason then that being a 5 minute trader stuck at home is probably not the best career choice for me…certainly took long enough for that penny to drop!
Last Close : 7906.50
7888———-7874 are Crucial Support levels.(Just see it kissed low of 7871 & taken U-turn )
Now SGX Nifty at 7937 ( +27 points )
Our Subscribers knows ….What was our Last Message ??
Now ,Once crosses 7932 with volumes and trades for 15-20 minutes will take to 7959 level in hrs only.
7DEMA @ 7877 (Major Support for Traders )
If Breaks this level……………….with volumes ,WATCH PANIC + BLOODBATH !!
101% More Details ,Intraday Strategy +Time Reversal to our Subscribers
Updated at 7:50/27th August/Baroda/India