Thursday, January 7, 2016

Another Cliffhanger - Day Trading: Jan 7, Intraday

Today was going ditto like yesterday. I had one loss initially, and then there was the cliffhanger. In yesterday's cliffhanger, the price climbed the cliff slowly, and then crashed. Just like yesterday, I did not move my initial Stop for a long time. Today, I at least I managed to make some, but isn't it peanuts given that China froze itself again today - Shanghai and Shenzhen Composite hit the circuit breaker again.

Both the Stop Loss hits... them bad hits.
Why is my stop a magnet for the market? How does the market know my stop?

Nifty M3 Candlestick Chart

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