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LIVE Intraday Trading || 65,000/- Profits || Futures Asian Paints - Tata Steel || Anish Singh Thakur - YouTube
Channel: Booming Bulls
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Hello guys, my name is Anish Singh Thakur
and welcome back to another live video.
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After a long time, today, that is 21st
september, I have done trading .
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I traded in future lots with Asian
paints and Tata steel, on whom I...
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...had already done my homework.
I bought the trades from the first half.
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I have an important matter
to discuss at the end of...
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...the video regarding the
psychology of the trader.
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So, let's watch the video
and meet again in the end.
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My watchlist consists
of all these stocks, today.
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Definitely, Nifty and bank Nifty
is there as well.
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Whatever I do, I shall share
the logic with you.
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I shall tell you the logic behind
every trade I choose,because learning...
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...is more important than my profit
and loss here. So, I will keep you posted.
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Market has opened now.
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Let's watch. I shall open NIFTY.
Here it is.
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If you observe pre-open
market you will...
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...find that there's no
major fluctuation and is steady.
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The market has opened flat.
I shall show you that here.
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As you can see, Tata steel
is at 396. So, market has opened flat.
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Here's NIFTY.
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Its opened without any
major change.
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There's no much change in PO
as you can see. 21983.
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It closed here. You will find no major gap
as such. Just 47 points up down over here.
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Then, here, you will find
a difference of just 7 points.
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Okay. I will keep
you posted.
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Guys, I shall give you the first
update. I have taken 2 positions.
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A large position in Asian paints.
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Rest of them, I shall remove
from the watch list.
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That's because, you might
get confused.
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I have kept only 3 on the watch list.
Why choose Asian paints and NIFTY?
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I have taken a small position in NIFTY
while a large one in Asian paints.
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I shall explain that.
Pay attention, all of you.
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You can see here that there
is a pattern formed...
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...like a flag, which had already
broken out...
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...on 16 September at 3:15 pm.
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All right guys. I want to update you about
the reason behind buying Asian paints.
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I normally do not check
volume, because it...
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...does not work in Intra-day
trading normally.
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But,in such situations, you can see
the volume at which it was closed...
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...on Friday. We can see at what
level of volume it has opened today.
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As you can see, when the candle shows
red colour,volume goes low.
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Here, the volume is low below
the red candle mark.
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As and when buying options open up
participants and volume increases.
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We have hit our target
in that sense.
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Though we have almost hit the target,
but still we shall buy R3.
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Nifty is also...
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...working moderately. We have made
a profit of Rs 2000. Okay...
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...I wanted to tell you that do not look
into volume always.
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You can see that the volume
is very less here...
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...which later rises up all of a sudden.
This means that...
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...this stock has the potency
of a better movement.
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You must keep an eye
on such stocks which...
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...show movement at the last phase
of time that is 3.15-3.30 pm...
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...with a high volume
and price.
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If price drops and volume
raises, you can opt to sell.
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If price raises along with volume
then you can buy. Okay?
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So, I will keep you
posted once I book the profit...
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...and let you know
if I buy another trade.
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Alright guys. As you can see...
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...we have exited Asian paints.
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I am going to exit Nifty too.
I shall tell you the reason.
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So, first hit rate...
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...was at 9.39 or rather 9.40 am.
Market opened...
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...almost 15-24 minutes and we managed
to book...
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...50,000 approximately in Asian paints.
It reached R3 perfectly.
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I prefer to come out of it
just before it touches R3.
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That's because it might
drop as soon as it touches R3.
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I exit from Nifty because as you can see
its not performing at all.
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It has a very small range today.
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There are chances that I might be proved
wrong and it breaks the current level.
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What is the use of incurring
losses?
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Its better to get out of the position
when you are not comfortable...
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...or not confident about them.
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Leave it at that. There's no need to worry
unnecessarily for a slight convolution.
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There is a chance that it might break.
Why to lose Rs 2000 or 3000?
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Nifty is not exibiting
any strength as of now.
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I took it initially because it was
sustaining above 200 moving average.
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I thought it might raise using some
support. Here too, 200 moving average...
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...has some support. But, it is
gettin rejected from some moving average.
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So, that is why I have
exit the trade.
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Whatever Equity was required
from Asian paints...
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...future, I have taken it. If I buy
another trade...
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As you can see, I have booked
the profit in Asian paints.
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I got my target. It might raise
further...
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...or stoop down. Its fine in either case
though I would feel bad if it goes up.
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I amdone with Asian paints, anyway.
I shall watch other trades now.
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If something works out for me,
I will buy the trade.
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I shall update if I buy. Otherwise, this
is the end of the video. Okay?
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Thankyou so much.
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I have bought another trade now.
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I have bought Tata steel.
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I chose Tata steel futures...
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...and let's discuss the reasons and
process of this trade.
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Let's get into the reasons
immediately.
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If you see Tata steel structure
in a 1 hour time frame...
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...you can see an upward trend and
subsequent consolidation...
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...in the form of symmetrical triangles.
Observe closely.
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Can you see the symmetrical triangle
consolidation?
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Then, there was a breakdown.
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It managed to recover and break on the
verge. If there is a breakdown here...
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...we can easily achieve the target
of 386.
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Or,we shall analyze the range
before that.
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This is not happen
immediately.
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This is 1 hour time frame.
Multiple time frame analysis...
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,,,term that is used must be understood
well.
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This shows the bigger picture.
Let's see the smaaler picture too.
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The smaller picture shows the first
one as a red candle.
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First candle is a rejection.
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Then, it moves on to another
Red candle as shown here.
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This trade might not work, necessarily.
But, if it works...
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...it can give us a good target.
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What kind of target? Let's open
the weave app and see.
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The trade is definitely low in weave
app. That is the stop loss.
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If it gets rejected there, it can give us
a target of S2 or S3.
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If we consider Risk to reward
ratio, the risk here is as shown.
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This is approximately, the risk.
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Let's make the short position
at this level.
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This is the risk as shown
on weave app...
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...and this is the minimum reward.
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The ratio would be 1:1 by now.
The value is at 1.27.
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If we get S3 it would be great
as the value would become 2.6.
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Its a good trade.
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I have bought it. I shall tell
you about its updates.
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As of now,our position
is in the red zone.
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Red zone 12,000, in fact.
Its okay. Let it be so.
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Let's concentrate on
the stop loss and target.
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Once this is done, I will keep
you posted as to what happens.
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Okay guys. We have hit the target.
We are exiting the trade.
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We are exiting the trade
at any rate...
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...because our target is achieved.
Okay.
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We can see that we have finally
achieved...
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...the target of Rs 67,000 at 10 am.
Market opened less than an hour ago.
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I am done with the trading
today.
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Lockdown might be declared in our city
today. So, I need to shop a few things.
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If I manage to get an opportunity
in the second half...
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...I shall share it with you for sure.
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Is that okay? I have already given you the
reasons as to why I traded in Tata steel.
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We managed to get 1:1.
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You can see a very good set
up in a huge time frame.
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We took advantage of that.
This is the trait of a trader.
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Possibly, the market might change
from here.
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I do not like the time period
from now that is after 10 am.
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I did not want to trade. But, I had already
planned to trade in Asian paints...
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...and Tata steel. I had the choice
of 2-3 other stocks as well.
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But, I preferred these. You can see that
we exited at the right time.
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The day is almost over. I traded
after a long time.
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So, I did not buy more quantity
in Nifty.
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Even if I invested, I exited immediately.
Look here. -54, -53, -56.
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If you are not sure then why
to take a chance, right?
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What is the use of options
if we are not able...
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...to make money? Overall,
we must make money.
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We have make a moderate
amount of 67000 today.
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If I take a second trade, I will let
you know. If not...
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...this is the end. I will meet
you at the outer video. Thankyou.
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Alright, so you saw the video.
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You might have observed
that I have traded in the first half.
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I then went out to shop.
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Actualy, market went down
after that.
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I wanted to talk about the same
as to how it feels.
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You could see that on my face.
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We regret that we missed an opportunity.
This is bound to happen many times.
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I have gone through such situations
many a times and...
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...used to wonder that though I made
a profit of 60,000-70,000...
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...I could have earned
better, about 3 or 4 lakhs.
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This acts as a slow
poison to our mind.
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We feel that an opportunity
was lost. What do we do?
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Then, he buys shares.
Retail trader starts...
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...doing everything random.
I too have done that. Many people do so.
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When people lose an opportunity...
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...we feel very bad and as a result
do something haphazard.
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So, I have made a rule.
I followe that even today.
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If you lose an opportunity...
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...for example, if a train leaves just
when you arrive at the station...
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...and you try to get into it, you
are sure to meet with an accident.
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Hence, I have made a rule.
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let me tell you as well.
If you come across a huge movement...
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...do not trade on that day.
That's because, you are in...
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...a hurry due to the fear of losing
an opportunity.
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You start thinking
of raising the quantity.
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You plan to capture the movement
by investing more.
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Then, you put in all the available
capital, be it 10 or 15 lakhs.
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You will lose everything
if you do so.
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That's because, today there was already
a huge fall.
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No one can predict further
down fall, either.
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So, why not buy the stocks?
You would be gambling, in a way...
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...assuming a high after
a huge fall.
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So, though I feel bad about today,
I am completely okay with it.
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Its better to give up an opportunity
that might lead you to a loss.
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Prefer not to trade on such days.
So, this was a very important topic.
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In spite of having a profit of 67000...
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...or 70,000, I still feel I could have
earned more.
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But, that's okay. You have to stick
to your rules.
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You must follow the rules
and trading system.
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Only then, would you succeed
in the long run.
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This is all I had to share with you
today.
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Thankyou so much. If you liked
this video of mine...
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...then, please like, share and subscribe.
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We are very near to 100k family.
Thankyou so much guys.
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I will do trading in the future too.
I have just started.
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I shall definitely bring in live
videos if possible.
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I will very soon come up with stratergy
videos too. Okay.
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Thankyou guys.
Thankyou so much.
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