There are lots of things that the market tells you in advance. All that matters – Are you listening
Every Calendar year - the market does it things. The market does not change its core behavior. It continues to remain this crazy creature which when falls in love with a new idea, or a new theme - then it just takes it to the moon but when it hates a sector, it trashes it like crazy. That's market for you and we can argue debate on rationality, logic but if you have to be in the markets - you have to accept the market for what it is.
Market is your boss and when you are in the market, you are best served by quietly listening to market all the time. The worst thing you could do as a trader is to listen to loud opinions on TV and create a rigid bias on the subconscious level and it prevents you from seeing the obvious.
2017 is coming to an end, and it's a great time to look back and look at what market did on a broader basis and how Price Action worked like magic once again especially when it came to large-cap Liquid names. One of the reasons traders/market participants follow Price Action - It helps one position for bigger moves at the start of the journey
All the Chapters are behind paywall and you need to buy Science of Stock Price Action Video book to read it
Chapter 2: Here are three things Nifty did in 2017?
Chapter 6: Similar Pattern Similar Theme Similar Result
Chapter 11: Why Value Investors should follow Price Action
Chapter 15: Here's how Real Estate stocks rallied in 2017
Chapter 16: Text Book Bullish Moves in 2017
Chapter 17: Stocks Positioned for Bullish moves in 2018
Science of Stock Price Action Video Book
There is a logic that stocks follow when they make big moves. I have tried, to sum up, those concepts in a methodology called Science of Stock Price Action.
Do these concepts work all the time? Absolutely not. But when they work - they reward in a big big way. There are many factors at play primarily the overall market environment. The objective of my website is to put forward many Live case studies before you so that you can learn how these patterns work and why sometimes they fail too. The whole idea is to illustrate and make you understand the whole logic behind it.
If you find my work interesting - I will encourage you to buy the book and access Premium Case Studies. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers