We have to count our blessing more.
If god gives you lemon, he expects you to make lemonade of it and Enjoy :).
In this series we will explore blessing we have trading and Trading Nifty in particular.
1> Our levels are very clearly defined unlike other instruments#
Was talking to a friend who trades ES(Emini S&P) US equivalent of NIFTY. He spends lot of time searching for levels. Because it is traded 24 hours.He considers overnight levels and day levels which is very confusing and many times not beneficial. Also they use volume profile, pivots ....... List goes on.
Consider Our blessing: we are blessed with market which operates for 6:15 minutes. Gives a very good work life balance.
Because of such short duration levels are very easily defined , PDH, PDL, DH, DL. It is a nightmare to find these levels in ES.
Note# I am not saying trading in ES is bad, all I want to say is we have our own advantages try to recognize them and be grateful. Gratitude is an important attitude.
1>On Initial Test Expected OF to kick in and take it higher, Which my assumption went wrong exited. Expected BW kind of PA, but the OF was just a point above that :). --> Intellectual reason :)
2> May Be I wanted to show off how smart I am in managing trade :) not sure
3> Could be because of lapse in concentration. Late night movie effect .....
4> Fear of loosing