Breakout Pullback and Breakout Failure.
One set up failed and entry created for 2nd setup
My strategy for intraday trade
I am by nature an intraday trader,though i trade positional also,but my heart...
Data Tested from 2-Aug-2010 to 29 July 2016.
Is gap up a good buying opportunity?
Among the tested 1503 trading days, Nifty gapped up 761 times.
The total of close-open comes out -26454 points on those 761. It's not a good decision to buy on gap up, we should look for short opportunity...
I am not the guy in this post and I am just sharing this. His trading journey is just amazing. It's a long post but I read it and it's really thrilling.
Whatever I'll share here, It will be my point of view. It was a story of a trader and his journey towards finding the real truth...
Bias 1: Overconfidence
Many novice investors get lucky: The first few stocks they pick do extremely well. Unfortunately, they start believing in themselves. They think they have a magic touch; or worse, they think they are smarter than everyone else. This often leads to disaster…...