Day Trading Stocks & Futures

https://www.tradingview.com/x/Imr8wAgz/

Nifty is in deep oversold area. Markets never turn on a single bottom from deeply oversold area but it makes 1-2 more bottoms......so the final bottom could be 3-4 weeks away.

Same one can see in the chart when the market was in deep overbought area...it kept going up...
 

travi

Well-Known Member
https://www.tradingview.com/x/Imr8wAgz/

Nifty is in deep oversold area. Markets never turn on a single bottom from deeply oversold area but it makes 1-2 more bottoms......so the final bottom could be 3-4 weeks away.

Same one can see in the chart when the market was in deep overbought area...it kept going up...
Sirji, 2nd setup with setup bar 9 today has thrown a spanner in the works :DD
We have potential of new active setup.
 
One can Backtest a Strategy or System. But it is humanly not possible to Backtest EMOTIONS.

Past bear market always looks like OPPORTUNITIES.
Existing always looks SCARY.

Past Bull Market always looks Golden Opportunity to Book Profit to Re-enter Later.
 
One can Backtest a Strategy or System. But it is humanly not possible to Backtest EMOTIONS.

Past bear market always looks like OPPORTUNITIES.
Existing always looks SCARY.

Past Bull Market always looks Golden Opportunity to Book Profit to Re-enter Later.
managing emotions/feelings takes years/decades of active trading/investing experience. once we as traders understand and accept the reality of risk management with a suitable trading method. it becomes relatively easy to live constantly with the discomfort.
 

mohan.sic

Well-Known Member
One can Backtest a Strategy or System. But it is humanly not possible to Backtest EMOTIONS.

Past bear market always looks like OPPORTUNITIES.
Existing always looks SCARY.

Past Bull Market always looks Golden Opportunity to Book Profit to Re-enter Later.
we are in a bull market correction and nothing to scary or bear market.
As the uptrend was steep so can be corrections.
 

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