we were around 55 pts down from our short trigger level...were bound to book some profit considering some reversal signals...cannot expect 100+ nifty movement everyday....
First rule of daytrading (or any trading for that matter) is never let profit turn into loss....if mkt going against you...grab the profit.....be relaxed if it is going in your favour....
The above does not mean that we chicken out in 10-20 points profits every time.
Would you advice that after the market has gone in your favor, by say 1:1 on the initial position, then one keeps a tighter Stoploss for profit booking for say 1/3rd position.