This is a tough market where only very few stocks are working like 1-2 stocks out of 10-20 and the oneโs which you will buy will not work and it happens with everyone so as of now this market is not worth our time & money. Wait for right market environment because if you donโt survive this tough market by sitting out, then it will be hard for you to come back in good market.
Remember: Survival is the first step.
Many traders will leave the market because theyโll think stocks are not working while they donโt know that weโre in bull market since more than a year now and it is not the right time to buy stocks for big move. Those who survive will stay ahead in longer run, rest will just leave the markets and the moment they leave, the market will be good again because this market is here to kick out weak traders and those who will survive will have a good future coming ahead.
Tip: Just stop punching trades in first one hour of market and after that see if those stocks are sustaining above breakout level or not which is rarely happening these days and you will get your answer whether you should trade in this market environment or not.
If you donโt follow rules, then the market is here to take back ALL YOUR PREVIOUS GAINS. So save your gains and wait for good market environment. Patience is KEY.