Discretionary trading is when traders make decisions based on their judgment, experience, and market analysis, rather than following a fixed set of rules or algorithms. In this approach, traders rely on factors like technical indicators, market news, or fundamental analysis, and use their intuition to decide when to enter or exit trades. It offers flexibility and adaptability, allowing traders to respond to changing market conditions. However, it can also be influenced by emotions or biases, which might lead to inconsistent results. In short, discretionary trading is more personal and dynamic, but it requires skill and discipline. #firstdealofthenewyearFateema