Going with the Intraday Mini-Flow!!
- Thread starter Saint
- Start date
- Tags intra day live intraday nifty miniflow miniflow live nifty futures trading nifty intraday trading saint
- Status
Here are the suggestions given by Saint in his rules...
Quoted from Saint's post:
PROFITS:You could take out profits of about a third at the area equivalent to the risk of that trade......If stop loss was Rs 45 away,and you got a Rs45 move and would like a third off......You could draw Support-Resistance Lines on the 60min charts,and take profits off when a 60min candle halts at these lines.....You could simply put a number,say 50pts or 75 pts,and pull profits the moment that point is hit.
Taking Profits is vital......Idealism is all good,and works wonders in our 60min Flow Trade......In Intraday MiniFlow,we stick to Realism.Put some in the pocket,especially if you are managing big positions,or have a stomach that churns on seeing a profit of Rs50......satisfy the psyche and take some off.
Haribird.
Quoted from Saint's post:
PROFITS:You could take out profits of about a third at the area equivalent to the risk of that trade......If stop loss was Rs 45 away,and you got a Rs45 move and would like a third off......You could draw Support-Resistance Lines on the 60min charts,and take profits off when a 60min candle halts at these lines.....You could simply put a number,say 50pts or 75 pts,and pull profits the moment that point is hit.
Taking Profits is vital......Idealism is all good,and works wonders in our 60min Flow Trade......In Intraday MiniFlow,we stick to Realism.Put some in the pocket,especially if you are managing big positions,or have a stomach that churns on seeing a profit of Rs50......satisfy the psyche and take some off.
Haribird.
- Status
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