Sir, can you explain in datail what you mean by above words.
What time you suggest person should avoid taking Trade with this Statergy and which is the Best time to take Trade with this Statergy.
Regards
Karan
hai,
with due regards to AVD, i will explain,
take an example......say on 2nd aug 9 am nifty opens at 5401....goes to 5420..then keeps trading between 5405 to 5429.....till 11.30
then share AX opens at 908......goes to 917.....keeps trading between 910 to 919..till 11.30
see share AX 30 july....close at 904, high 925. low was 901
this means nifty and share AX are in an uptrend till this time
suddenly at 12.10 pm, market reverses trend,that means market start collapsing
nifty starts drifting down
then in this scenario try shorting share AX below 901....
give a sl 1% or as you like.....hold the short either till stop loss hit
or if the trade becomes successful, say sshare AX come down to 892
then you bring down SL to 901( yr sell price) and wait for further action or
you book 50% of yr order at 892...then wait for 1% more fall for another 50%.
as AVD rightly said if the reverse trend is strong you will get both the targets.
thanks....... keep stop loss immediately after trade execution