how much return you expect from commodity market

[ashwani chadha]

THANK YOU ASHWINI SIR,
actually i did a very big mistake in last two days losing 23k in natural gas that was part of my collese fees , i am in big troulble .last year i pyromised me i wont be trading in nat gas coz its volatile , i dont know how my mind swept and now i m in big trouble..only god can help me now!! please pray

once some non professional ,loose money in this market,then it is next to impossible to get that money back from the market.
in hope to recover previous loses,one adds more loses to his existing loses.
I STRONGLY ADVISE YOU, TO STOP TRADING AT ALL AND DON'T LOOSE MORE MONEY ,IN ANTICIPATION OF RECOVERING PREVIOUS LOSES

 

[timepass]

once some non professional ,loose money in this market,then it is next to impossible to get that money back from the market.
in hope to recover previous loses,one adds more loses to his existing loses.
I STRONGLY ADVISE YOU, TO STOP TRADING AT ALL AND DON'T LOOSE MORE MONEY ,IN ANTICIPATION OF RECOVERING PREVIOUS LOSES

Kya baat hai Bandhu. That's the wisdom of years of experience in 10 words !!!!:clap: :clap: :thumb:

 

[ashwani chadha]

once some non professional ,loose money in this market,then it is next to impossible to get that money back from the market.
in hope to recover previous loses,one adds more loses to his existing loses.
I STRONGLY ADVISE YOU, TO STOP TRADING AT ALL AND DON'T LOOSE MORE MONEY ,IN ANTICIPATION OF RECOVERING PREVIOUS LOSES

aluminium lead zink copper gold gold gunia all the six are on clear long side

 

[ashwani chadha]

aluminium lead zink copper gold gold gunia all the six are on clear long side

one can hold all the six with previous day low as stop loss

 

[ashwani chadha]

dear ashwini sir,

i have a question to ask from you that , is it possible to determine the highest or lowest price at reversal , if so what would be the way to do so...i have been thinking so but unable to find any....

And i have a long position in aluminum, i need your help at the time of reversal please i am not that matured enough in world of trading to find out the exact reversal day...


please and thank you sir,

your question is connected with price action trading
at a later stage stage you will understand ,all the trades of matured and successful traders are based on price action trading
in price action trading only three things are important
PERFECT KNOWLEDGE OF SUPPORT AND RESISTANCE(HISTORICAL SUPPORT AND MATHEMATICAL SUPPORT BOTH)
KNOWLEDGE OF 1 2 3 REVERSAL
KNOWLEDGE OF PRICE ACTION STOP LOSS(WHICH WILL BE BASED ON PREVIOUS FEW DAYS HIGH OR LOW)
HOW THESE STOP LOSES ARE USED I WILL SHORTLY EXPLAIN,BUT AT THIS STAGE ,CONSIDERING YOUR PREVIOUS DRAW DOWN IN NATURAL GAS,YOU SHOULD HOLD ALUMINUM TILL IT DON'T BREAKS THE PREVIOUS DAY LOW
IT MEANS FOR TODAY YOUR STOP LOSS SHOULD BE two tick below 110(which is yesterday low)it means you will give 109/90 as your trigger price and 109/85 as your stop loss price for to day just in the morning once market will open-to be continued for details of price action based stop loses on the bases of previous days high lows

 

[ashwani chadha]

thanx sir,

i have doing so what you hav told already....putting stoploss of last days low....i can see alumini is in clearly bullish momentum....





i have seen one thing in trading seeing yourself in big loss and getting big profit also needs a lot of guts...a amateur trader would run away with small profit and and in later part he or she criticizes himself i would have been in open position...

:thumb:

yes you are 100 % correct ,once long trade is in momentum,at least we should hold it with previous day low as our stop loss
and if the trade is new and just at the beginning trade start going against us even then we should close it once it try to go against previous day low by giving small loss to the market
AGAINST THE TREND WE CAN NEVER FIGHT WITH THE MARKET
SOONER OR LATER MARKET WILL WIN
SO SOONER WE QUIT ,AGAINST THE TREND POSITION ,BETTER IT IS(IN LAST DAY LOW ALWAYS KEEP A DIFFERENCE OF TWO TICK MINIMUM PLUS ONE TICK FOR DIFFERENCE OF BID AND ASK PRICE)

 

[ashwani chadha]

from yesterday its showing weakness, i think i should book my profit till here

you can start booking partial profit,their is nothing wrong in booking partial profit

 

[ashwani chadha]

you can start booking partial profit,their is nothing wrong in booking partial profit

normally if end of day bar is making higher high and higher low every day .it is considered bulls are in control,as in case of aluminum,but from safety point of view ,if i would have in your place,then i was going to book partial profit in three lots by end of today and was going to carry not more then four positions for tomorrow,if till to day closing aluminum show strong ness,even then i was going to book profit in three positions at least

 

[ashwani chadha]

normally if end of day bar is making higher high and higher low every day .it is considered bulls are in control,as in case of aluminum,but from safety point of view ,if i would have in your place,then i was going to book partial profit in three lots by end of today and was going to carry not more then four positions for tomorrow,if till to day closing aluminum show strong ness,even then i was going to book profit in three positions at least

aluminum is showing weakness,to carry longs may prove to be risky bet

 

[ashwani chadha]

ashwini sir,

alumini formed a doji today , closed and oppen on same price....i am still in open position, i was out of my house ....just worried if there will be gap down tommorow...... what do you think?

as dozy represent in decision between bulls and bears and dozy, formed after a bull rise has more chances of down side movement.so at opening it is better you at least reduce some of your positions and for rest you can use stick stop loses, till to day trend ,is not clear to you,to protect you, from at once fall