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Hi guys,
I am starting this jurnal for some purpose to solve in my trading. I dont know..should
have i thank to the person who first introduce trading to me...or should have i beaten
him. whatever be, i fell in this jungle and now there is no quit from …
I was perhaps "trying" to be a trader like trader's of BMT type .... .....leaving aside my understanding of my instrument Nifty Future. I was hopeful that with time and regular practice of trying to become a trader of that kind one day my understanding of my instrument will eventually merge and support the scalp style. Certainly i was learning something and experiencing changes in my trading. Some months later i self reviewed my trading and trades taken during this period and realize that i had missed big voice of market during that time because of trying to hear of smaller noise. I was trying to capture pennies and market had been crying with galloping mouth for big big 2B pattern which i realize in review period. I felt cheated to me by myself. It was eye opening lesson, since then i remember every week and also last week again again big galloping mouth of 2B pattern.
Yea - Looking at the Nifty 5 min chart it seems a min before closing the value was 7480 - magically it closed @ 7512 - unbelievable that in 30 seconds the market spiked 30 + points.
I shorted Nifty on close @ 7480 (PE) and a gap up start to the day