Re: Saint's Intraday Miniflow - live discussion
Such days happen once in 5 to 7 sessions. So we cannot frame a strategy just for one such day. This would drag performance for the big days.
The question is: How can we know how much the prices are going to retrace, if at all they are going to?
Today actually the reversal was more clear. But, just for one day I am not going to frame a rule and make my trading that much more complicated.
Or we could book profits on a regular basis at important levels. But, then we will hugely miss out on days like yesterday.
Basically, its all about picking your side.
when ever we see that there is a chance of reversal we should reduce our position to a minimum....keeping only our initial position for reversal....sometimes even this may give wrong signals but seeing the recent senario we will have to take that much of risk.....
if we can come to know that we are going to loose some point then why not try and save it...indirectly we are increasing our success rate...
Today actually the reversal was more clear. But, just for one day I am not going to frame a rule and make my trading that much more complicated.
Or we could book profits on a regular basis at important levels. But, then we will hugely miss out on days like yesterday.
Basically, its all about picking your side.