You must have noticed that our market rose unexpectedly very high
yesterday and today too , as if it has decoupled from the global
market and as if , it has discounted all the news to come. This
behaviour may continue till Wednesday , being the day when April
series ends or till the elections are over.
During the times of uncertainities or may be in all the times, as a
trader to be profitable , one must work with a very strict discipline.
One must predetermine stop loss or the kind of profit one wants to
make and must remain determinant and stay away from sentiments or
emotions. One must book profit , if arising 15-20% in a trade and
enter new trade .
Normally, if we buy shares, and if it's price is rising, even if we
achieve our target , we don't book profits but raise our target too
and wait for prices to rise and in that event ultimately we not only
lose some of the profits but make losses in some cases. The same is
the case with stop losses. We don't book the loss when the stop loss
triggers but wait for the price to come near to our cost price!! And
result , you know.
Hence, it is my request dear friends, to keep on booking profits and
trade with discipline. You will earn small but losses will also be the
small and net earnings will be high.
I ask for your leave of absence as I will not be meeting you till 4th
May, Monday. I know these are the crucial days where you will need
some help cruising the market but sometimes one needs to be
independant ,too. I will keep posting the news for you.
Goodnight and wish you a very happy week end.
Jagruti.
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