MY STYLE - BLOG
If you are a day trader and you start hopefully at the beginning of a day for a good trading day and then slowly see nothing happening, because of a gap up or a gap down opening followed by a narrow 30 point range movement the rest of the day?
It hasnt been often that Nifty has traded in a range for more than 2-3 sessions at a time or that all the big moves happen only in the gap ups/downs.
This is another reason for traders to look at diversifying their trading mix from just one style - day trading - to inlcude position trading or trading in more than one instrument.
While Nifty, for example has hardly moved, the BankNifty has been swinging wildly with the volatility that makes a day trader happy. At the same time, positional traders who have stayed with the trend are making their money through the gap ups.
Think about it! As traders, you cannot control the results of trading, they occur, because of the market moves and your risk management strategy was able to encash on those moves
Abnash Singh, Am a Trader helping small traders to realize their dreams.