In the last tutorial we discussed how to read a market profile charts and in this section we will cover different types of markets (Balanced Markets and Imbalanced Markets) and provide a fair idea when such days occur and who is in control for the day.
My good friend Mr Murthy asked me one day to advise him what to do with 3000 Tata power stocks he purchased at Rs 90 and now that it fell to 79/-.Dilema and confusion have paralyzing impact on anyone as there seem to be no clear answer as future price is unpredictable.Multiple choices are Hold ,Sell or Average.
We traders and active investors are a largely misperceived breed. Our profession / discipline is also misunderstood. Trading, whether that of Forex, Futures, Stocks, Bonds or Options, is usually viewed as gambling by the public.