Markets gave back some of their accumulated gains which was long overdue. Though the fall seemed to be big in value terms, it has not changed the direction of the markets over all. As markets gained more strength in the current bull move, we needed a pull back towards the value zone to get some trades in the best stocks of the market today. Today's fall was not sufficient enough to give the buy triggers, but correction is likely to continue for few more sessions and it will sure provide opportunities for long trades in many good stocks.
Some of the weaker stocks though will get out of trend and even turn bearish. Leave out the poor performers, stick to the stalwarts, profits are assured. Whatever be the strength of the stock with its fundamental and technical strength, please ensure adequate stop losses for every trade. Protect your capital, one or a few trades may turn out to be losers, you need not worry about that, there are abundant opportunities available in the markets very often.
Trading or investing is the vocation which does not have any expenses like procuring and storing raw materials to sell later. Every rupee invested is expected to give us returns, but any business cannot run with out expenses. Our loses here is the expenses and more than that every trade gives us a great learning experience, Observe every trade and learn from each of them, you will be a genius stock picker very soon.
Have a great trading day.
No comments:
Post a Comment