I really learnt a great lesson today in my trading life. The day is neither opened for day traders nor opened for investors. The day needs to be segregated for both traders and investors.
The timing of market is very difficult because many a times we club both the regions in to one and get confused.
The early morning timing for rise in ICICI missed but participated in MC-Dowell and made some good money. When the market is making a correction to consolidated I was wrong to sell REL infra but messed up with the mistake that resulted in confusion. I checked with the time but again confused to read the market.
This confusion has created turbulence in my mind and made to do irresponsible trading. This costed me one thousand rupees loss.
I came to know after a series of discussions with Hema and Srinu that the money I made earlier was through position building and huge volume.
The earlier trades were not focused on LOW cut or HIGH cut but the timing was accurate as there was series of acid tests were conducted before plunging into position.
NOW I AM FULLY CONFIDENT THAT THE EARLIER CONCEPT OF MAKING MONEY AND THE RECENT MISTAKES I MADE TO LOOSE AT MARKETS. THIS COMPLETED INTROSPECTION OF THE TRADING METHODS OF THE POSITIVE STREGHTS AND THE GRAVE MISTAKES I OFFEN COMMIT. SO THE CYCLE IS COMPLETED AND I CAN DECLARE THAT I AM ADVANCED IN MY TRADING SKILLS TO BECOME A TICKKER SPECILAIST.
I AM CONFIDENT ON PRICE, VOLUME, TICKER MOVEMNT AND MARKET OPERATION. I HAVE TO PUT THIS KNOWLEDGE INTO PRACTICE.
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