Best way of day trading - 2652 theory of trading

[tinchu76]

BUY HAS ALREADY BEEN TRIGGERED at 2940.10

AS OF NOW...
sell = 2949-f = 2904.90

Since difference is greater than factor 1 should not we use 2nd Factor for calculations

sell = 2949-f2=2871

Is there any modify s/l for buy which has already been triggred?

Rohit

 

[amar_gr]

entered nifty at 2936
don't know if it is right or wrong

That's a smart thing to do, the trade is still good, and you have a lower risk entry with a higher reward when tgt is achvd.

 

[Sunil]

Since difference is greater than factor 1 should not we use 2nd Factor for calculations

sell = 2949-f2=2871

Is there any modify s/l for buy which has already been triggred?

Rohit

not at all, rohit...
once factor is fixed at 10:15, we stick with it THROUGHOUT THE DAY...

SL for all orders is set at 1%, as per theory.
if modifed sell order level COMES FIRST before such 1% SL, then such sell level becomes SAR

for eg, as of now, SL for longs = 2910.60
and sell is at 2904.90

assume that sell is at 2912.90.... then, obviously, it comes before 2910.60 - so, we make 2912.90 as SAR (stop-and-reverse) level...
give such quantity's order that it will close previous long position, and make fresh new short position with enhanced qty.
say, if long is of 1 lot, then SAR should be for 3 lots - 1 lot closes long, 2 lots makes fresh short

 

[tinchu76]

not at all, rohit...
once factor is fixed at 10:15, we stick with it THROUGHOUT THE DAY...

SL for all orders is set at 1%, as per theory.
if modifed sell order level COMES FIRST before such 1% SL, then such sell level becomes SAR

for eg, as of now, SL for longs = 2910.60
and sell is at 2904.90

assume that sell is at 2912.90.... then, obviously, it comes before 2910.60 - so, we make 2912.90 as SAR (stop-and-reverse) level...
give such quantity's order that it will close previous long position, and make fresh new short position with enhanced qty.
say, if long is of 1 lot, then SAR should be for 3 lots - 1 lot closes long, 2 lots makes fresh short

many many a thanks for putting it in a simple way to my dumb brain

 

[santhosh44]

Nifty SL hit?

and short triggered????

 

[rahul1983]

not at all, rohit...
once factor is fixed at 10:15, we stick with it THROUGHOUT THE DAY...

SL for all orders is set at 1%, as per theory.
if modifed sell order level COMES FIRST before such 1% SL, then such sell level becomes SAR

for eg, as of now, SL for longs = 2910.60
and sell is at 2904.90

assume that sell is at 2912.90.... then, obviously, it comes before 2910.60 - so, we make 2912.90 as SAR (stop-and-reverse) level...
give such quantity's order that it will close previous long position, and make fresh new short position with enhanced qty.
say, if long is of 1 lot, then SAR should be for 3 lots - 1 lot closes long, 2 lots makes fresh short

Nifty SL and sell TRIG

 

[virgoan_29]

Rel infra both targets hit today.

 

[rahult23]

Yes it hit the SL

 

[V.V.]

Nifty Sell Triggered @ 2905


Regards
V.V.

 

[sasi0263]

NIFTY SL hit.
Sell Triggered.