Yesterday a heavy gravitational pull of 160 points from top ( 10304-10140) and today likely 135 points up from bottom (10139-10275). This move erodes margins of those who have gone short yesterday and erode PEs to peanuts.
Mind you, this is a game played by market players who have plenty of money to make such moves to swipe away your money from your trading account.
There are some over reactions in the market! Whether you call it bull trap or bear trap, ultimately it is to trap all innocent investors.
My strong opinion about market was that, there was no necessity for the market to get in to sell mode when it has put lot of efforts to climb a decent level on Monday to clinch highs of 23rd March 2018. That was the reason I did not take these moves seriously.
Just remain in sidelines when you find big moves, otherwise your wealth will be lost in the Tsunami effect.
No need to capture such violent moves and claim to be a Hero.
We do not get into such nasty moves and claim big achievements.
Be cool and keep your cash in wallet and go for perfect moves. That is the quality of a prudent investor.!! Read this line 100 times and start practicing this.
Our investors have never regretted for not going for such moves as they do not violate our golden rules.
Happy Trading!
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