@aosrang, Please wait for strong candle close on daily closing basis. If it takes a rejection, there can be heavy sell off. Market is also at ATH levels. There will be stiff resistance
aosrang
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No Sir.. I mistaken, I bought Asianpaints as per your analysis. please suggest. Im new not know anything how to proceed.
vishnumohany2k
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@aosrang, Asianpaint didn't gave a day closing above ATH. There was no entry. If you have taken entry with proper position sizing, exit on stop loss. Don't enter trades on FOMO. You can either exit the trade & wait for stock to close above ATH for entry. Or can continue in the trade with stop loss. Can exit if it goes below 3530
aosrang
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Ok sir, thank you, but hitting stoploss make me disappointed. Im from poor family, every loss count of money matter to me.
vishnumohany2k
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@aosrang, If you are not ready to take stop losses better to stay away from trading. Profit & loss are part of trading. What matters is how much you make when you are right & how much you loss when you are wrong. If you are not ready to take stop loss, your capital will be wipe out very soon
aosrang
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But my little knowledge thinks that stocks are go down and comes back again than how it can be wipe out ?
vishnumohany2k
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@aosrang, You will get the answer after few months. Market gave good lessons. These losses are fees for the lessons. If we learn from the lessons, we can survive & make money. Important thing in market is not to make profits but protect your capital