General Trading Chat

We did reach 8265-70 today in july futures :confused::confused: 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

Well-Known Member
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
 
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
 

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