There is more than a 50% chance that the trend will continue. This is not a 50:50 coin toss scenario.
I guess you’ll next say that there is a 1/10 chance that Afghanistan will win the Cricket World Cup next year since they are one of the 10 participating teams.
Look at the chart, it is obvious that there is strong bullish sentiment in that scrip. In a couple of candles, the lows are higher than the highs in the previous candle. Also this is a steady upward movement and not a sudden spike in the price which is often followed by a sudden reversal. So there is certainly a high chance of success if you go long in that scrip at that time.
All those are your assumptions. Nothing in those assumptions adds more to the 50% probability. Institutions could just take profit and maybe even go short leading to a reversal.
I could make another 10 reasons as to why the price could go up and still the price could reverse. you see that , just like you gave your assumptions and made the trade, there will be another one who will think exactly opposite and short it.
Why do you assume everyone will think the same way looking at the charts?.
if that was the case , it would be very easy to make money all day every day.
I m going to need better reasons than that i m afraid.
I did not claim that. I just said that there is higher than usual success chance in that scenario. The likelihood of profit booking or going short at that point is lesser than the likelihood of going long.
Dude, when a thread has started on a particular topic, it is good manners to talk on that particular topic only. If you are not adding to the betterment of information/knowledge then it is better to stay quite. This is the etiquette everybody follows.
Isnt this forcing your view on others ? Is this good behaviour ?
You have done the same in other threads also. And you got an apt reply.
You wanted this discussion dude. Not me. My only interest was for you not populating my thread with unrelated arguments. You have got your playground now enjoy. Bye.
And i m talking about trading , nothing else. Have i deviated from the topic? Isn’t day trading on leverage related to this topic.
I stated my opinion in the first post that SEBI is doing the right thing.
I m not forcing it on anyone. If people don’t want to see the facts , they can rightly choose to do so. This is still a free country. However you still not proven that trading is NOT gambling.
Why you avoid my questions?
LOL , that person has stopped posting or he is cherry picking his posts. i choose to ignore him and his thread. Not worth my time.
I did not want this discussion , but i m ok with it. Nothing wrong in discussing matters related to trading on a trading forum , right?
Again why is trading not related to your thread. I don’t get it.
My playground. LOL. I don’t need to do this. I only do this to save some poor soul from making another “i lost 10 lacs intraday trading”.
I request you , please put me on your ignore list and don’t respond. Since you evade the real questions on trading anyways.
Ohh…don’t tell me…you mean fundamentals dude…we chartered accountants cook most of them to look fancy …and not all glitter you see is gold…so there are still chances that your investments might still go bust,what ever fundamental stuff you do, though the chances are low that you loose all your money when it comes to value investing…so inturn both trading and investing involves risk and return…and return in both is not guaranteed.its pure chance and risk management…and not gambling…and for your info gambling is what you do in mahalakshmi race course…
Wait who’s telling me…Mr incognito man…now I know whats ur business… blaming others ,lamenting and plastic criticism…not your man Mr incognito…kudos…@trader_dude…and I didn’t say I cook the books ,it’s what happens …open up those fatty incognito eyes of yours…you may still go ahead continuing your silly business…spare me I don’t have time to waste…so good luck
bro,
i am saying for positional or day trading both, there must be a reason why you took the trade.
for a professional it doesn’t mean to get all profitable trades, but to increase understanding the market.
if you trade understanding the market or a specific stock, it’s business.
many a factors works best in day trading, some of them are solid, trader just have to un-turn the hidden within them.
a to be traders we all have seen there have been many events, which works wonder intra-day, but have zero effect in positional.