As we talked in previous post, about 19/06/2020 levels, BN (Bank Nifty) gave 4 good R:R trades at our upper levels. As shown below, let's go to lower time frame as our upper level touched in hourly time frame. Above trade was for breakout traders, as we talked in previous blog and 1:1.5 & 1:2 both targets achieved. Retracemnt traders should wait for our price to come to our level again after breakout, which price did in below picture. Price again came to our level and made hammer; activating retracement trade after price close above our level, which happened after 1 candle and 1:1.5 achieved. When again price came to our level and broke it, so breakout traders could short below candle and 1:2 achieved again. Retravement traders also got entry after 2 upside candles failed to break their previous candles' highs. 1:1.5 achieved for retracement short seller traders. So overall 4 trades were generated and...
Hello all. Welcome to my 1st blog. I want to share mistakes done as beginner in stock market's field. It's a lucrative field after all as you all know. So the first thing comes to most people's mind about Stock Market is, it's a betting game. I would like to refuse that. It's not like if you have money in your trading account, you lose all your money. It totally depends on you that with how much money you want to trade. One is you can trade with only your money and the other is broker gives you margin money on your account balance on which you can trade. As I have seen, initially; if you call it a beginners luck or what; people make some money😃. And then they become greedy and decides to trade with margins. Brokers generally gives 5 to 10 times margin over your accoun...
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