Actually this is where options come in handy. By paying premium we have bought a “right” and no obligation. So even if from tomorrow onwards we start getting multiple random circuits up or down I will still have a very limited loss.
TA is just a tool. Money is made by MM & MM only. Also even if you look at numerous black swan events and market collapses, you will find that charts already knew something beforehand. Even before Harshad Mehta Scam broke, somebody was shorting heavily and market was already down 4%.
Well, that was system inefficiency. Also only future buyers lose that day. All the shorters, Options buyers profited from them.
That was the BEST time to make money, actually.
So to conclude:
- Always go hedge.
- Always follow MM.
- Slow and Steady wins the race.