Don't be a scapegoat

#ABB - Somewhat I remember when this stock was around 2900-3000 a famous TV analyst who was also associated with an institution was shouting to buy this stock for a target of 3300- 3400. His speech was like the next day itself it will hit the target. People who bought based on his view got literally crushed in the name of liquidity. Many may have wiped out their accounts based on his views and still it's going on.

Now those institutions got the liquidity they needed and took the price higher for the prices he mentioned. Now the same analyst may come and claim that his target was achieved . In addition to it the same couple of accounts will retweet and praise him for this achievement. It's like a pattern has been followed.

This is the cruel game played by the institutions to acquire their liquidity Remember for every buy entry there should be a sell entry to execute it. Don't be a scapegoat for these so called TV analysts. Do your own analysis, form a strategy, repeat it a thousand times, reshape it till it works for you. Once your strategy is standardized it will give the best returns of what you dreamed when you started trading.

Profit or Loss is a part of trading. Don't give up. Happy Trading!