Going with the Intraday Mini-Flow!!

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Think a few guys yesterday added when the REPO cut news came out..........just a few things.

Basically being smart is buying the rumour and selling the news....We really care 2 hoots about rumours or news,but chart sense tells us that a biggish bar in an uptrend may just end that move.......so any news related moves should not be a place for us to add.

A news related move after an uptrend should be profit taking time......and if your Plan does not allow for it,at least it should not be ADDs time.

Other than that,great going the way you all managed the turns yesterday.
Saint
 

kapil123

Well-Known Member
Here is what I was talking about SL issue yesterday

Today as well I had to manually cover my position.

Did you try speaking to the broker? If this broker does not provide the facility of putting SL, then the 1st thing you should do is change the broker. A trader should never trade without stop loss.
 

Sunil

Well-Known Member
Here is what I was talking about SL issue yesterday

Today as well I had to manually cover my position.



there's one tab missing in your order window - "ORDER TYPE"
there are three types:

1. MO - Market Order - Order gets exeuted at the best bid/offer price

2. LO - Limit Order - where u specify the execution price (limit price) - order will get executed only at or below that price (in case of buy order); at or above that price in case of sell order

3. SL - STOP Loss Order - u have to specify the trigger price + limit price; order will be be accepted but not executed till the CMP reaches Trigger price; after order is triggered, it becomes gets executed as a normal (LO) limot otrder
 
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