General Trading Chat

[manish9300]

My stoploss level still hasnt hit yet.But i exited as there was no momentum after my entry.If there was momentum i would have set stop at BE and wait for range expansion or trailed aggressively depending on market conditions.Now would look for another trade/reentry after 12 only.

Trade management is very important and nobody can really teach you that.You have to learn that by doing it yourself.

 

[Mungus]

Maja aa Gaya-

Hail ST...Hail Pratap

dotted line is TSL..1st dotted line when PO9 was there

50 paisa ka SL aur 10+ Rs ka Majja..I think this is what we call Moster RR

 

[Mungus]

Pinbar/Doji and the TSL Hit-

 

[manish9300]

Maja aa Gaya-

Hail ST...Hail Pratap

dotted line is TSL..1st dotted line when PO9 was there

50 paisa ka SL aur 10+ Rs ka Majja..I think this is what we call Moster RR

Very Nice trading:thumb:

 

[vijkris]

Maja aa Gaya-

Hail ST...Hail Pratap

dotted line is TSL..1st dotted line when PO9 was there

50 paisa ka SL aur 10+ Rs ka Majja..I think this is what we call Moster RR

:clapping:

ppl fix r:r as 1: (2 or 3). u got 1:20
that's enough to wipe out all previous losses(if any). :cheers:

 

[XRAY27]

The market does not beat us.we beat ourselfs,because though we have brains we cannot sit tight , i had series issue/s in positional and swing trading but came out from that after lots of screen hours .intra no issue as trade stoppage is playing its part in keep me in the market

 

[manish9300]

NF toh is mahine lowest range ka record banane par tula hua hai.Thinking of adding some equities to trading terminal from next month.Can you suggest some good stocks Mungusji and why /how you select them?

 

[Mungus]

:clapping:

ppl fix r:r as 1: (2 or 3). u got 1:20
that's enough to wipe out all previous losses(if any). :cheers:

no loss since I'm riding this beautiful and well define method.

I generally trade NF options.But If I see a nice setup in Infra,I take 250 shares in 1st leg..then IF I find that the price is not crossing the level I trade 2 lots Infra futures with 50 paisa SL.

PO9 dikha to TSL uske bar pe..then trail cost to cost bar's high/low.
ADN gives you general idea ki kaha tak jaa sakta hai.Today it went upto ADR low(check abv image) and reversed from there forming Doji/Pin bar.

 

[manish9300]

NF stuck in 7744-7729 range.Bulls and bears both seem holidaying on some Hill station this month.

 

[manish9300]

My stoploss level still hasnt hit yet.But i exited as there was no momentum after my entry.If there was momentum i would have set stop at BE and wait for range expansion or trailed aggressively depending on market conditions.Now would look for another trade/reentry after 12 only.

That trade stop is hit now.Small loss after 1 hour hold.Would have been so tiring mentally.i avoid such trades now.