People clueless about 400 pt fall !!!
1. Near 25000 was previous strong historical support.
2. 25040 was prev week high.
3. 20 DEMA was there...
4. The market was clearly facing resistance there since more than 3 hrs from 10:30 am around 25000.
5. Options Data Analysis.. Clear resistance.
6..
today there are more clear reasons.. kitna bolu???
Market reverses near DAYS LOW and exactly on DAYS PIVOT.
Also, there was low-risk high reward opportunity after 400pt fall around such double support level, which drove the market for another move.. We never know how the market reacts but, we can only find such low risk and high reward price points.. initiate trade with small stop loss and wait for the reaction. Trading is simple people make it complicated.
If we want to succeed in trading in the long run, we must already MARK THE LEVELS ON OUR CHARTS.
Traders fail in the long run, bcoz they miss such easy jackpots and aim for average profits.
Average profit per day logic never works in the market, Day trading is certainly not a Day Labor job.
Here, only few jackpot days like today make the differences in the long run. Unfortunately, most people don't understand that in their lifetime bcoz they have salaried class mentalities.
But, one thing is the truth if u are unable to catch such easy jackpot days like that, when the market gives it freely... then, in the long run, either u'll lose for sure...or u will not see any significant progress.....
This is only my personal opinion..... Opinion varies from person to person.....If u like it be prepared to catch the jackpots & if u don't like ignore....
1. Near 25000 was previous strong historical support.
2. 25040 was prev week high.
3. 20 DEMA was there...
4. The market was clearly facing resistance there since more than 3 hrs from 10:30 am around 25000.
5. Options Data Analysis.. Clear resistance.
6..
today there are more clear reasons.. kitna bolu???
Market reverses near DAYS LOW and exactly on DAYS PIVOT.
Also, there was low-risk high reward opportunity after 400pt fall around such double support level, which drove the market for another move.. We never know how the market reacts but, we can only find such low risk and high reward price points.. initiate trade with small stop loss and wait for the reaction. Trading is simple people make it complicated.
If we want to succeed in trading in the long run, we must already MARK THE LEVELS ON OUR CHARTS.
Traders fail in the long run, bcoz they miss such easy jackpots and aim for average profits.
Average profit per day logic never works in the market, Day trading is certainly not a Day Labor job.
Here, only few jackpot days like today make the differences in the long run. Unfortunately, most people don't understand that in their lifetime bcoz they have salaried class mentalities.
But, one thing is the truth if u are unable to catch such easy jackpot days like that, when the market gives it freely... then, in the long run, either u'll lose for sure...or u will not see any significant progress.....
This is only my personal opinion..... Opinion varies from person to person.....If u like it be prepared to catch the jackpots & if u don't like ignore....
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