The ART of profit booking
Updated
I am posting a chart for educational purpose using S&p 500 index with heikinAshi candle and elliott waves
trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money?
trading is a money making process when the crowd has extreme interest in one direction(buy /sell).
when everyone in the street is buying, it is the RIGHT time to sell.
The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart.
Because if they knew in advance then to whom the seller has to sell?
Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS!
SELVAM BE, MBA
option trader
trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money?
trading is a money making process when the crowd has extreme interest in one direction(buy /sell).
when everyone in the street is buying, it is the RIGHT time to sell.
The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart.
Because if they knew in advance then to whom the seller has to sell?
Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS!
SELVAM BE, MBA
option trader
Note
As the wave 5 is progressing ,I have to state that if the profit booking is completed ,then wave 5 should endup with a leading diagonal and exactly at a FIBANACCI ratio to wave 1+3 if not the proceeding wave 5 will extend further in to 5 segments
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