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Showing posts with the label buy

Importance of Patience, fear and Greed in Intraday trade.

Today with the starting bell at 9.15 I jumped into the Intraday. I made some quick bucks in the Adani power. But Greed overtook and I wanted to make few more bucks and bought shares again.  This time it was turning point, in fraction of a second the shares went down by Rs.2 there was no time to make decision.  Sort of fear freeze the mind. I didn't wanted to loose more. I immediately sold my intraday shares and my profit  turned into loss.  After 2 hours the shares came back to the normal where it played between 9.15 am  to 11 am in the morning.  I was not satisfied the profit I made in the first 30 minutes. If I had stopped trading after profit I wouldn't have turned my profit into loss. In the volatile market circumstances patience and discipline plays key role in making the profit. Be patient and cautious with the buyer and seller values. Look for the 3 minutes and 1 minute chart.  Do not panic when market goes against your buy or sell decision in t