TRADING TRUTH NO. 1: ANYTHING CAN HAPPEN
>Integrating this belief in your trading environment or system helps you to think in terms of possibilities for given market opportunity.
>By this , you will be having neutral perspective while identifying an opportunity at given moment . This belief compel you to place a descent stop loss to defend capital in an extreme adverse movements of market.
>Now after reading this you will be asking that what's the concept behind that belief ? right ?
To explain let's imagine that there is the long time range bound market has been formed and when you see price approaching support zone you press the button for buy order but you will don’t know that there can be an institution holding huge stock places the sell order that time and now it seems very obvious that price is going to be significantly lower and remember you placed an buy order only around that support zone you lost substantial amount of capital.
But, again lets go to the first situation where you order buy and placed a stop loss order which acts as a bodyguard for your capital protecting you from significant loss
I hope you may have found this helpful for you . Share if you liked this . Thanks 🙏🙏
>By this , you will be having neutral perspective while identifying an opportunity at given moment . This belief compel you to place a descent stop loss to defend capital in an extreme adverse movements of market.
>Now after reading this you will be asking that what's the concept behind that belief ? right ?
To explain let's imagine that there is the long time range bound market has been formed and when you see price approaching support zone you press the button for buy order but you will don’t know that there can be an institution holding huge stock places the sell order that time and now it seems very obvious that price is going to be significantly lower and remember you placed an buy order only around that support zone you lost substantial amount of capital.
But, again lets go to the first situation where you order buy and placed a stop loss order which acts as a bodyguard for your capital protecting you from significant loss
I hope you may have found this helpful for you . Share if you liked this . Thanks 🙏🙏
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