Risk management is the first and most important job of any trader. Traders must make clear distinctions between the normal risks associated with any trade and the more extraordinary risks that can potentially destroy a trading account or end a trading career. Many of the psychological struggles traders face come from not really understanding the nature of risk. The trader’s job boils down to this: assume the correct kinds of risk at the correct times, and manage those risks appropriately; then, assuming the trader is working within a net positive expectancy framework, profits will accrue
Above 8238,Target 8272-8283.Rally For 1-3 Days Starts !
In This Dead Cat Bounce………….We can see Rally upto 8333—8357 level.
Yes ,It zoomed to kiss 8387 level in hrs only.
-Those who bought above 8238 …………….Think Money They had Minted in Single session -
Above is Daily Chart of Nifty Future
-Do U Remember :We were writing Countdown Days…………..just see EXACTLY on Thursday it made low and taken U-turn !
-Just see Taken Support at Falling Line and taken U-turn !
Not Crossing High of 8388 & Trades Below 8372 with volumes for 15-20 minutes
Intraday PANIC upto 8325——-8309 is possible.
Now Consider 8285 as Major Support………………..(If u are A Trader )
Today ,Once crosses 8388 level with volumes
Next Target & Hurdle at 8423———–8441—————–8455
LAXMANREKHA @ 8455 level.
101% More Details ,Intraday Trading levels to our Subscribers
Updated at 8:28/05th May/Baroda/India