General Trading Chat

[Smart_trade]

We did reach 8265-70 today in july futures How we put that as profit booking

July Futures low in my chart 8268.8, that was the support area which is held . No bar closed below it.

But it is possible that in real trades one books profit at lowest tick. For this we can have multiple positions in swing. 50 % of position is not sold unless there is a reversal. This is called fixed position. Balance 50 % is called floating position which one sells and tries to put it back at lower prices.This puts some money in the pocket and reduces the average price of the position.

Smart_trade

 

[lemondew]

Why 8265-70 as profit booking.
i was thinking 5 min chart for aggresive profit booking........?

July Futures low in my chart 8268.8, that was the support area which is held . No bar closed below it.

But it is possible that in real trades one books profit at lowest tick. For this we can have multiple positions in swing. 50 % of position is not sold unless there is a reversal. This is called fixed position. Balance 50 % is called floating position which one sells and tries to put it back at lower prices.This puts some money in the pocket and reduces the average price of the position.

Smart_trade

 

[lemondew]

8303 is first low and 8268.25 is the second low as per yesterdays chart. For july futures.

 

[Smart_trade]

Why 8265-70 as profit booking.
i was thinking 5 min chart for aggresive profit booking........?

You can do aggressive profit booking provided you can enter again and put on the position again at lower price or at higher price if the price does not come down. We have to give our trade some room to move around,breathe. So if we start booking profits on 5 min charts, then how will we catch 200-300 points swing ? 5 min charts will give break of mpl every 30-40 points .

We have to be long as long the uptrend is in force.Periodic profit booking one can do as per his comfort after 100-150 points.

ST

 

[cinderblock]

Bindaas buy karo :clap:

 

[Smart_trade]

Bajaj Finserve above 2375,Bajaj Fin over 8000 ...Shriram Transport Fin up from yesterdays close.......:clapping:

ST

 

[pareshR]

any experienced/using CFS DATA ?


http://www.traderji.com/commodities...essional-commodity-traders-6.html#post1164685

 

[Smart_trade]

Heard someone saying that in next 3 yrs time,NBFCs will give maximum returns.But we need to buy good NBFC s with fast track record and sound management.

ST

 

[oi trader boi]

I traded stocks intraday in cash market in my initial days. I traded stock futures in past and still trade stock futures.

Smart_trade

any Scalping idea on stock futures pls share Sir.

 

[cinderblock]

8350 is here. Phir 8400-8450.

Paisa hi paisa :clap: