Hope you understood why we have limited our trading calls in the last two days?
In the last two trading sessions every channel was gung-ho about our beloved nifty crossing 5100 and were talking about levels of 5400. How everything changed within a day? what fundamentals have changed? Any answers? What happened to all the long positions they advised to their subscribers? Today it was a gap down opening. So what happened to their long counters? No one is talking about them. All the hard earned money of the small traders wiped out in the first trade itself! Now they are talking about support levels, taking reversals on friday etc., How long they will fool you? So I always advise you to protect your capital first. If you happen to survive these types of intraday moves, you will automatically make money. MARKETS ARE GOING TO STAY HERE. ARE YOU? Once one or more positions of you run into profits, then only think of adding positions..............Don't hurry to cut off your profit counters. Once they are in the right direction, enjoy them.
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