Extreme tight zone (contracting volatility). Entry above blue line. Stop below the red line. An extremely simple no brainer set-up with the potential of a very high reward.
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It was extended fall on the daily & on the 30-minute chart. Odds were high for a reversal from here so bought in anticipation without waiting for any level to get triggered.
I don't check DOW late at night and worry about what it will do. Never done it in many many years I can think of. Yes, when I started out I used to. Futile exercise it is. #BroTip
4/n
I don't worry about gap downs like most of you do. No gap down can wipe me out because I position myself that way. It can at max damage me 2-3 or maybe 5% something I can recover from.
P.S: No gap down has ever hit 2% of my port forget 5. Position size is the key. #BroTip
5/n
I don't have any indices on my screen. I can swear by my life that I don't know where NIFTY and Sensex are. They don't make money for me. Stocks do. And stocks make those indices. #BroTip