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...
This sector few scrips are high likely due for very sharp and dramatic move down
One can look for opportunity in short selling scrip which are due for down ward move
Energy is doing good and has shown mere signs of weakness and is trying to break the Previous Highs for the 3rd Time.
If you have been in the Markets Long enough you know, 3 is a significant number when it comes to supports / resistances and Breakouts.
A breakout above the highs will put it into unchartered territories and if NIFTY kept its Trend and no...
The CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.
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