Market Movers - BN & Nifty

  Who dont want to trade when the market is having momentum?  Every trend trader would love to trade when there is momentum in market. Below is the chart of Bank Nifty on expiry day feb 23, 2023. See the force of falling and recovering. I have updated in the telegram at the right time about profit booking. Momentum wont happen in few seconds or minutes. It takes time to build it. One step forward, then another step and then one more. When price pushes itself step by step, then we get momentum. In challenges, building mometum takes will power. And to trade on indexes, you need will power . Do you have it? Day 56 of 100 days challenge and I have gained momentum :D

  Whenever we have commitments and goals, we get pull backs in between. Though we will be doing everything in our power, it happens. Actually without pull back in trading, healthy trend wont form. And how we differentiate pull backs and reversal? By knowing the trend direction. Similarly in your challenges, when you know what you are doing, how you are progressing, these pull backs are the time where you have to relax and breath. I stay focused when there is a pull back. What about you? Note : Day 35 of 100 days challenge. Refer the prevoius posts in this blog to understand about the challenge.