General Trading Chat

[Smart_trade]

And sir, as we enter the swing trade with perspective of hourly chart, fine tuning our entry over a lower time frame chart, how do we plan exit? Would it be a pivot break at hourly chart itself?

Yes exit is on swing levels of 30/60 or higher charts We may take some profits on the way though. The exit and profit taking is not on 3 min levels.

ST

 

[Singhraja]

Thanks allot sir and sir how do you book profits. Pivot based or any other concept

 

[Smart_trade]

Thanks allot sir and sir how do you book profits. Pivot based or any other concept

Below 100 points profit, dont think of booking profits.Above that if my view is that the current downmove is a correction in an uptrend, then book part profits at 120/150 or 200 points and balance trail...but if it is a strong downtrend, then trail on 60 min pivots.

ST

 

[Singhraja]

Sir in case of stocks hours much points we should consider

 

[Smart_trade]

Sir in case of stocks hours much points we should consider

That depends on each scrip.Cannot make a general statement on this.But in swing trading we are not in for tiny small profits.

ST

 

[vivektrader]

That depends on each scrip.Cannot make a general statement on this.But in swing trading we are not in for tiny small profits.

ST

ST sir, in your view, for a beginner, would it be easier to pursue swing trading than intra day trading?

Regards
Vivek

 

[Smart_trade]

ST sir, in your view, for a beginner, would it be easier to pursue swing trading than intra day trading?

Regards
Vivek

Yes swing trading is easier than daytrading for beginners. Daytrading needs more skills and fast actions. Also one is more exposed to market risks at every trade.

But large stops and gap against us need to be tackled effectively.

Smart_trade

 

[Singhraja]

Sir if possible post some swing trade chart of c any script

 

[Singhraja]

St sir in intra day trading how much stop loss you kept per trade as you said when in profit 10 point you kept stoploss at break even you kept 3 point above entry point so that tax and brokerage covered or at entry level

 

[vagar11]

St Sir,

I am referring to the above chart.

Can we make a entry using 1 Hr TF at Swing Buy Level (as it is giving us a good entry than 3 min TF) and Keeping a Stop Loss using 3 min TF(so loss will be small if breakout fails) ?

Or We shouldn't mix different time frames like I am trying to do above?