A very candid and from-the-heart post. I think you acted on as per your system .. exited when the index fell (or SL got hit) .. read the charts and market conditions correctly with an anticipation of a higher low and higher high ... but the market will always surprise us ... The indices just ignored the resistances and flew off. Perhaps it gave an indication on Muharat Day before taking off.
The burden of "not giving away profits" needs to be tackled.. sometimes the big green value itself complicates the setup .. what i tried .. book profits .. and re-enter as a new trade ..more of kind of psychological twist may not be financially prudent ..
Personally .. i kept picking trades during this period .. however booked profits at lower R multiples.. in the bargain .. got lucky with few trades .. BSE and CDSL and they just rocketed (pure luck & some conviction coz i did not exit them completely).
I feel you need to keep going the way you have been doing in past few months (and we have been benefitted with your stock picks and analysis) ... your style and methods are simple and effective
and i do believe .. its "start of a new rally" perhaps much longer than the "rally you missed"
As always looking forward to your HPA gyaan and SH Picks ...
Hi Prakash ..
A very candid and from-the-heart post. I think you acted on as per your system .. exited when the index fell (or SL got hit) .. read the charts and market conditions correctly with an anticipation of a higher low and higher high ... but the market will always surprise us ... The indices just ignored the resistances and flew off. Perhaps it gave an indication on Muharat Day before taking off.
The burden of "not giving away profits" needs to be tackled.. sometimes the big green value itself complicates the setup .. what i tried .. book profits .. and re-enter as a new trade ..more of kind of psychological twist may not be financially prudent ..
Personally .. i kept picking trades during this period .. however booked profits at lower R multiples.. in the bargain .. got lucky with few trades .. BSE and CDSL and they just rocketed (pure luck & some conviction coz i did not exit them completely).
I feel you need to keep going the way you have been doing in past few months (and we have been benefitted with your stock picks and analysis) ... your style and methods are simple and effective
and i do believe .. its "start of a new rally" perhaps much longer than the "rally you missed"
As always looking forward to your HPA gyaan and SH Picks ...
.... a learner and aspiring swing trader .. Rahul