CLOSE IS IMPORTANT

THERE ARE MANY DIFFERENCE BETWEEN THE DAYTRADERS AND THE POSITIONAL TRADERS.

DAY TRADERS NEED NOT WORRY ABOUT THE FULL CYCLE, ONLY WITH IN THE INTRADAY HIGH AND LOW THEY CLOSE THE POSITION.

IF YOU ARE START THE TRADE FOR INTRA DAY PURPOSE YOU DEFENTLY CLOSE YOUR POSITION IN INTRADAY EVENTHOUGH YOU ARE IN LOSS.  

BUT ALL DAY TRADERS IF THEY ARE IN SMALL LOSS IN INTRADAY 

THEY MAKE IT IN TO POSITIONAL, THEN THE LOSS IS HUGE TO THEM.

FOR INTRADAY PURPOSE YOU HAVE SMALL STOPLOSS LIKE 15 - 30 POINTS ONLY. FOR THE TARGET OF 45 - 90 POINTS GAIN. BUT YOU ARE LOOKING FOR 500 - 600 POINTS GAIN AS POSSTIONAL YOU MAY HAVE 100-150 POINTS STOPLOSS.

THE CLOSE IS THE VERY IMPORTANT THING

WE SAID THAT 6038 IS THE IMPORTANT POINT ABOVE THIS MARKET IS NOT MOVE, ON 2nd DEC  AND ON THAT DAY IT GOES ONLY HIGH OF 6038.9 AND SLIDEING ON THAT DAY AND NEXT DAY ALSO. 

BUT THE MARKET OPEN ON 6th DEC 2010 ABOVE THAT RESISTENCE LEVEL AND GOES TO 6094 ALL THESE ARE WE GIVE INTRADAY BUY LEVEL AND TARGETS. AFTER THIS MARKET CAME DOWN SIDE AND CLOSES BELOW THE 6038. AND TOMORROW (7th) ALSO I THINK MARKET MAY CAME DOWN ONLY.

INTRADAY PLAYERS NEEDNOT WORRY ABOUT THE FULL CYCLE BUT THEY WATCH THEM ALSO FOR PROFITABLE TRADE.

WHY I SAID TODAY THIS IS TODAY MORNING MANY OF OUR READERS PHONE TO ME AND ASK WE ARE HAVING SHORT POSITION AT AROUND 6000 WE HAVE CUT OR NOT, I SIMPLY TOLD CUT THE POSITION. BECAUSE IF YOU TRADER FOR BIG PROFIT DON'T FEAR ABOUT 50 POINTS MOVEMENT. IF YOU ARE FEAR IMMEDIATLY CUT THE POSITION AND TAKE REST.

AFTER VOLATAIL MOVEMENT MARKET CLOSES BELOW THE 6038. THAT IS SHARE MARKET.

THE CLOSES ABOVE OR BELOW THE SUPPORT OR RESISTENCE  IS 

IMPORTANT NOT THE INTRADAY HIGH OR LOW IS THE LESSION.

YOU MUST UNDERSTAND THIS FOR YOUR PROFITABLE TRADE. 

THANK YOU.