Bad news of PNB, SBI and Union Bank of India, the war between world’s top two largest countries US and China over trade tariff leading to Japan’s Nikkei, Dow Jones and S&P 500 plunging 5-6 percent each will certainly have an effect on our stock markets as well.
Now based on this opportunity market pundits will start telling different stories in business channels and news portals online. Some will say go short Nifty might see 9600 in days to come, some will say go long Nifty will bounce back soon. Whom to listen?
Can any of these so called experts pin-point the immediate bottom? No. Why? Why these things happen? Because they see different technical indicators. Problem with too many technical indicators is that they give different signals.
Every technical indicator will tell a different story. Moving Averages will show something, Pivot Points will say something else, and all these indicators will say a total different story:
RSI, STOCH, STOCHRSI, MACD, ADX, Williams %R, CCI, ATR, Ultimate Oscillator, ROC, Bull/Bear Power, etc.
Why these technical analysis tell a different story? Because they all look at different things so obviously all will draw a different picture.
Read this – Technical Analysis Does It Make Money.
This is the reason traders lose money – either speculations, or tips, or I think so but it did not happen 🙁, or some technical indicator or some trading software, algo trading – the list is endless.
So who makes money? A person who keeps things simple – does not goes for these fast indicators and speculations. Keeping things simple always makes money in stock markets. And this is what you will learn in my course. And if anything goes wrong then hedging takes care that losses are arrested.
You can enroll for my course here and invest in leaning. Remember education will help you for life.
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