Expiry day has its own characteristics. It gives so many emotions in the mind. Hope is the main emotion when traders think about it. If I can predict the movement right, I can make more than my month's salary on an expiry day of trading is the average/ordinary or even sharp-minded trader will think.
The market is neutral. It gives opportunities for both option buyers and sellers. Some expiries are for option buyers, some for option sellers. Some days will be trending, some will be bidirectional.
Understanding the type of market you are dealing on an expiry day can give you a trading edge.
Today's market gave zig zag movement. In this type of market, profit booking at the right time is important.
Dreams about making a big profit can give you hope and greed, but booking profit once you have a decent amount in a trade can save your capital.
Dreams or capital protection? Which can help you in the long run? A question only you can answer as a trader.
The market is neutral. It gives opportunities for both option buyers and sellers. Some expiries are for option buyers, some for option sellers. Some days will be trending, some will be bidirectional.
Understanding the type of market you are dealing on an expiry day can give you a trading edge.
Today's market gave zig zag movement. In this type of market, profit booking at the right time is important.
Dreams about making a big profit can give you hope and greed, but booking profit once you have a decent amount in a trade can save your capital.
Dreams or capital protection? Which can help you in the long run? A question only you can answer as a trader.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.