Day Trading Stocks & Futures

[Raj232]

you are right. am i right too ?
View attachment 26261

Yes you are correct.. the other one is Brent Crude (approx $76 today) while the usual one is $70 .. thanks !!!

 

[rjshem]

RJ sir, whatever you said is fine but I believe it depends on individual to individual how they frame their own rules of 'Money Management' as per their requirement. For example, in my case, using 1% of trading capital doesn't make much sense. I suppose it also depends on the size of business capital. But yes, with proper use of Stop Loss, one can protect his/her capital with utmost efficiency. Making entry at right levels is the key. Risk increases when a trader enters in a trade far away from meaningful Stop Loss. Hence, it affects his/her risk-reward ratio.

what i have given is just an example framework how it can be done and it is an old post of ST .yes i completely agree everyone needs to do what suits them with proper risk control.

 

[Shiv12345]

RJ sir, whatever you said is fine but I believe it depends on individual to individual how they frame their own rules of 'Money Management' as per their requirement. For example, in my case, using 1% of trading capital doesn't make much sense. I suppose it also depends on the size of business capital. But yes, with proper use of Stop Loss, one can protect his/her capital with utmost efficiency. Making entry at right levels is the key. Risk increases when a trader enters in a trade far away from meaningful Stop Loss. Hence, it affects his/her risk-reward ratio.

what i have given is just an example framework how it can be done and it is an old post of ST .yes i completely agree everyone needs to do what suits them with proper risk control.

Thanks sir. By the way, does 'ST' stand for Sachin Tendulkar? Am I right?

 

[rjshem]

Thanks sir. By the way, does 'ST' stand for Sachin Tendulkar? Am I right?

Yes hes sachin tendulkar of this forum also goes by name Smart trade.u can read more gems like this by him at the thread 'collection of ST posts' here.

 

[rjshem]

Different people call diferent things e.g. money management, risk management, tight stop loss, etc etc.. so I thought better to clarify
I'm just another Gambler in the casino.. , so far my luck wan;t that good.. but my luck will be getting better sooner

Raj232 what i actually meant was look for high probable trades where ur stoploss is small compared to your reward .u are not a gambler your smart doing good .just continue the process keep learning and correcting mistakes.all u guys discussions are helping others also to grow which is great.

 

[Satya.]

@rjshem sir smart reply sir

 

[rjshem]

@rjshem sir is @Smart_trade sir

Dint get u

 

[traderniftybull]

EW also has 2 counts at any given time, either one going up or going down..

ha ha
Elloticians always have 2 counts, preferred counts and alternative counts, and sometimes they too have 3rd counts as well. Isnt it interesting.
(Though many times, when in big confusion, I too have followed EW counts, only to choose one that strikes with my analysis)

BTW, it is not necessary that market will move as per their counts, I mean all the counts.

 

[Satya.]

Dint get u

wrongly st sir got tagged sir,typo mistake sir

 

[Shiv12345]

Dint get u

wrongly st sir got tagged sir,typo mistake sir

Lol!! I guess the word 'sir' is more tagged (and trapped) here rather than the word 'st'.