- As an intra-day trader I dont like to have a fixed opinion on the market direction.
- The moment I express my directional opinion if any I am locked into this opinion and finding it difficult to trade.
- Each instrument you trade has a different market. Many participants may not recognise this. They may not necessarily follow the broad market direction.
- Though this may appear simple , clarity in basics will be of utmost importance.
- The amount of information already reflected in the stock price and the trader's evaluation of this relative opinion ( ex : Crompton Greaves reaction to Avantha Power IPO, Sesagoa's inclusion in NIFTY, KVB's reaction to Rakesh Jhunjhunwala's announcements )
Friday, August 20, 2010
Where will the market go today?
This is a common query by market participants. I have a different opinion on this.
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