as mentioned previously , have not been trading overnight positions and happy with all the volatility and the massive intra day swings.
This is excellent for trading .
For the swing, of interest to me is the lows in #Nifty of today right at the channel of importance at 16980
There hasn't been buying in the #Orderflow for quite a while.
Was watching 17700 earlier last week and that did not show any buying.
This is a snippet from our room
we traded with a negative bias below it all last week
and today at #17240 there was no buying in the tape again , so that 3rd level became a reality
I'd like to see this above #16240 for a bounce to sustain , but the short move even on intra day is stretched now and if you are trading short now abv 16980 you may go under the bus once
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I see a synergy in the 2, fully aware that there are radical and often polar opposite views for both trading and investing.
Most traders diss investors and most investors do not think kindly of traders.
Investors talk in terms of wealth creating and urge you to invest savings etc in investing. Those who do so end up with the "good life" at 65-70 with no friends to share the riches with.
Traders on the other hand are constantly working for that extra few percent every month.
You cannot be wealthy, till you can make money whilst you are sleeping also.