Going with the Intraday Mini-Flow!!

[Saint]

Saint did we miss some adds yesterday??

Also I had doubts how can we keep booking prifits on our positions and at the same time add new positions, isnt that a waste of brokerage

Have to be flexible on that one.......don't take profits off when you see a clear cut trend move happening in your direction unless you are getting fidgety about holding huge gains.

If you are going long 5 lots,and then 5 more.....long 10 lots and you have a move of 70 pts in your favour,which actually is the risk in that trade,and you cannot but mentally calculate that you are sitting on gains of Rs35000,suggestion was to take some off the table,so that you can carry on with the trade.

Also,imagine you went long on Bar 2 of the day,and the trade was a scratchy sideways move,and you got that amount risked back,then take some off the table.

As said in the beginning,where and how profits are taken,if taken at all,is flexible......depending on individual personality and temperament,on capital traded with,on the number of open positions all at once,etc.

How to enter,where to add,to exit at the end of the day or not,etc etc ....all that is rigid.Profit taking,if done at all,is the only thing that is flexible.

Saint

 

[Reji]

Once again,great stuff from you,my friend.

Stop loss where it is for now......Look to add as planned.On adds,move stops to 3803-7=3796

Saint

Hi,

20 Min Chart

Regards

Reji

 

[Prabhjeet]

Ok Saint, so the decision of whether I take profits off or add is upon me.

I totally agree that there are some days when there are only sideways moves and we would like to take some profits off the table and see if markets are generous to give us something

Other strong trending days we would just like to hang on to original posn. or may be add to it, got it

Thanks again Sir

 

[Reji]

Hi All,

Add triggeredat 3860

Reji

 

[kapil123]

Add at 3860 triggered. Moving SAR to 3796

 

[Prabhjeet]

HDIL has been a delite to trade today, just ecstatic

 

[vpsarathy]

Add at 3860

Kapil,

Why Add at 3860? Pl give me reasons. Thanks
vps

 

[musicjunkie]

HDIL has been a delite to trade today, just ecstatic

Yes it really has. I love HDIL on daytrades....

MJ-

 

[kapil123]

Kapil,

Why Add at 3860? Pl give me reasons. Thanks
vps

The break of pivot/previous high on charts (3855+5) was a add point

 

[raj567]

hello everyone, i used to do pos trading now i want to catch up with u guys but i donot have NF RT CHARTS, plz tell who provides rt charts at affordble rate(out of money) understood ur metod alittle bit
thanks to all & saint for obv reasons