Day Trading Stocks & Futures

bpr

Well-Known Member
Yes I agree with you about the range. Even VEDL was stuck in a range for sometime. This is a problem with the Metal stocks. They go up 2-3% in one day and the next day they come down by as much. Have you considered profit booking a bit more aggressively?

Hindalco is ranging but on hourly I see the range expanding which I am sure you are aware. Also, JS on the daily is making lower tops/lower bottoms. Is this a pull back play you are looking at in a downtrend? Just curious to know your ideas

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Yeah sure I am always looking to experiment but you can't just change some thing without affecting something else. There is no easy fix IMHO.

My strategy is basically trend following with very early entry and late exit i.e defensive trailing stop loss which means sometimes I have to give up profit but sometimes it allows me to ride it longer. You cannot have both so I chose this as it works with my psychology.
 

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