Friends,
Most of us use the 1min,5min and 10min time frames for trading nifty and scrips on nse/bse through their resp.trading brokers and using their own softwares.
But,so many times it happens that the signals given on the charts turn wrong/false,due to whipsaws,trend-reversals,change in buy/sell sentiments,etc...
What can be done in such situations?
I.e the software gives right signals,but market is either too volatile or just does not respect the given technical signals?
If one is trading futures,loss of even 1-10pts(if trend reverses or get false entry/exits)can prove financially disastrous as there are mark to market losses and profits in futures trading in India.
In such situations,is it ideal to hedge each and every futures/options call?
Or is there any alternative?
earthy8
Most of us use the 1min,5min and 10min time frames for trading nifty and scrips on nse/bse through their resp.trading brokers and using their own softwares.
But,so many times it happens that the signals given on the charts turn wrong/false,due to whipsaws,trend-reversals,change in buy/sell sentiments,etc...
What can be done in such situations?
I.e the software gives right signals,but market is either too volatile or just does not respect the given technical signals?
If one is trading futures,loss of even 1-10pts(if trend reverses or get false entry/exits)can prove financially disastrous as there are mark to market losses and profits in futures trading in India.
In such situations,is it ideal to hedge each and every futures/options call?
Or is there any alternative?
earthy8