- Took one trade and gave very good profit..
- It was a very risky trade, Got feared about the kind of jump which market made.
- Entire media was positive on rate cut and market was positive from morning. I was looking for a long trade above PDH. But after breaking PDH it failed to sustain there. Got confused but entered short @ BOF with respect to price action, Which proved right.
Awesome trade....
ReplyDeleteThanks Ravi.. But I think luck favored..
DeleteThe trade u taken was purely a gamble, and this time luckily market turned in your favor. But this same thing can happen opposite also. Just think that market rallied after news and your SL didn't get a fill, it may devastate your capital. So in my advice, never hold a trade during news event time. As this is a life long business and make your trade plan as your first priority is to protect your capital and stay in the market as long as you can.
ReplyDeleteRegards,
Dinil
Dinil Mathew, I totally accept your point. As I am a new trader, I never expected this kind of move.. Yes, after the move I realized that made a mistake of holding a position.
DeleteThank you very much for your piece of advice.. I will learn a lot from people like you.