Won’t- Phrases include: “The market won’t…” or “I won’t make money”. Notice a theme here? You are part of the market, you are not the market. Not getting what you expect, even if it is positive, confuses the brain. If you expect to lose and don’t it is still a bad outcome. The market is a one way walkie talkie, you listen, it talks.
Can’t- Phrases include: “The market can’t..” or “I can’t…” or “I can’t lose anymore”. Yes the market can, go look at a chart. Go look at a Fed day or about any chart from 2008. Not only can it happen, it does happen. There are no more once in a lifetime moves in the market. There are and always have been life changing moves. No one ever said trading was easy but at least in the case of futures someone is taking your money. If you think you can’t, you probably wont. The market will take every penny you have. If can take every penny you put at risk. Fix the problem, when you run out of money it is too late.
Impossible- Phrase includes: “It is impossible to make money”. Once again someone, somewhere is making money. It may not end up being an efficient use of your time or capital but it is possible. You are substituting an excuse for execution
Last Close :5966
As Expected in Just 4 sessions from High of 6239 it had Crashed to kiss low of 5952.60 level.
Below 6002 level if closes for 3 Consecutive Days ,Watch Nonstop PANIC upto 5859—-5812 level very soon.
(Those who sold NF with stop of 6255 level ,We Think had Made Tons of Money in just 4 sessions )
(Those who Bought 6400 Put at 177 ,199 level…………….Yesterday it crossed 400 level ,Money was doubled in 4 sessions )
Not Breaking Yesterday’s low of 5952 & Trades 5970 for 15-20 minutes ,Watch Rally upto 6024-6042 level in hrs only.
(Minor Hurdle at 5987-6006 )
3 DEMA @ 6044 ,7 DEMA @ 6082 level.
Rally if Happens of 50-70 points………………(Sell Sell Sell )
Break below Yesterday’s low with volumes will take to 5915—5899 level in hrs.
Those ,Who sold NF with stop of 6255 & Bought Put of 6400 ….(Do U think ,They are in need of Money now for next few weeks ? )
This Way our Followers had accepted Trend Following and are not feeding to Pigs and are avoiding Blue Channels ,Fundamentals,Economy Data ,Corporate Results (most unreliable in India )
101% ,Will Update More to our Subscribers during trading hrs.
Updated at 7.40/24th May/Baroda