During trading most of the newbie traders and part time traders face fear and greed. So why do we get fear and greed ? The origin of fear and greed is ego. The need to be right always trigger our ego, once we take the trade. Then ego makes sure that we wont book profit/loss in time. Mostly "type A" personalities face this problem often. They want to come first in...
Wait for the levels to break or bounce
All these levels have been drawn based on Bigger time frames I.e 4hrs , daily.
This is my view and now lets hope for the best!!!
Whats your view comment down below!/.
Query : I do not use/follow stop loss. For example if I purchase 100 share @ 100 Rs if share value @Rs 102 means I book and exit if going down means wait (Mentally thinking coming up like that) finally sell @ Rs 80. 20 Rs loss per share. How to control this?
Answer : I have seen this problem among many new traders. Not closing the trade when it hit the stop loss...