I want to keep stoplosses but..

[wallstreet1]

Since I started keeping stoplosses, I have come across a dilemna, I have actually made some losses due to stoploss. It has happened many times that stop losses have triggered & the stock value has then hit the target & this happened very soon, just after the stp loss was triggered, the same day or next day. For e.g Just some days back, my RM had given me a target, I had found that the price was going down& I called him to ask if I should put the stoploss, he advised me to wait,just next day , the target price was hit.& I am not talking about intraday targets,I am talking about delivery targets.

Now, you might say that think of the losses that i have managed to stop by using stop loss, they are worth a few minor exceptions like this.But in my case, I have almost had equal amount of profit/loss whether I had kept stoplosses or not.

Am I saying that stop losses should be avoided? Of course not, no trading system is successful if it doesn't have stoplosses. But there must be a stop loss stratgy as well, maybe one such as

1. Reduce the stoplosses in a fluctuating market.
2 Or see the nature of fluctuations in the chart of the stock.
3 Maybe if its a blue chip company, the stop losses can be relaxed.

I don't know. I would like to hear from more people.

 

[Subhadip]

Since I started keeping stoplosses, I have come across a dilemna, I have actually made some losses due to stoploss. It has happened many times that stop losses have triggered & the stock value has then hit the target & this happened very soon, just after the stp loss was triggered, the same day or next day. For e.g Just some days back, my RM had given me a target, I had found that the price was going down& I called him to ask if I should put the stoploss, he advised me to wait,just next day , the target price was hit.& I am not talking about intraday targets,I am talking about delivery targets.

Now, you might say that think of the losses that i have managed to stop by using stop loss, they are worth a few minor exceptions like this.But in my case, I have almost had equal amount of profit/loss whether I had kept stoplosses or not.

Am I saying that stop losses should be avoided? Of course not, no trading system is successful if it doesn't have stoplosses. But there must be a stop loss stratgy as well, maybe one such as

1. Reduce the stoplosses in a fluctuating market.
2 Or see the nature of fluctuations in the chart of the stock.
3 Maybe if its a blue chip company, the stop losses can be relaxed.

I don't know. I would like to hear from more people.

i m novice..but i can tell u one thing u will survive the market with only stop losses..
so keep it up

 

[rajeabc]

Since I started keeping stoplosses, I have come across a dilemna, I have actually made some losses due to stoploss. It has happened many times that stop losses have triggered & the stock value has then hit the target & this happened very soon, just after the stp loss was triggered, the same day or next day. For e.g Just some days back, my RM had given me a target, I had found that the price was going down& I called him to ask if I should put the stoploss, he advised me to wait,just next day , the target price was hit.& I am not talking about intraday targets,I am talking about delivery targets.

Now, you might say that think of the losses that i have managed to stop by using stop loss, they are worth a few minor exceptions like this.But in my case, I have almost had equal amount of profit/loss whether I had kept stoplosses or not.

Am I saying that stop losses should be avoided? Of course not, no trading system is successful if it doesn't have stoplosses. But there must be a stop loss stratgy as well, maybe one such as

1. Reduce the stoplosses in a fluctuating market.
2 Or see the nature of fluctuations in the chart of the stock.
3 Maybe if its a blue chip company, the stop losses can be relaxed.

I don't know. I would like to hear from more people.

what time frame we are talking about ? anyway , in any case we try to catch the trend buy some time it might take time to start movement .

What I follow ,

In Intraday (when I was doing ) : Stop loss---PV candle's low pt+(-) few(fraction) pts extra as every one know about these stop loss and bigwigs try to catch all stop loss.

In Positional - Stop loss should be a logical point. I mean , based on support level and few pts below that.

in positional calls, you can avoid stop loss but you will have to give full time and track the stock. Once it reaches the point where you had thought to put the STL, chekc the status if you really need to close the position and then take your call.

 

[wallstreet1]

what time frame we are talking about ? anyway , in any case we try to catch the trend buy some time it might take time to start movement .

What I follow ,

In Intraday (when I was doing ) : Stop loss---PV candle's low pt+(-) few(fraction) pts extra as every one know about these stop loss and bigwigs try to catch all stop loss.

In Positional - Stop loss should be a logical point. I mean , based on support level and few pts below that.

in positional calls, you can avoid stop loss but you will have to give full time and track the stock. Once it reaches the point where you had thought to put the STL, chekc the status if you really need to close the position and then take your call.

I usually keep stoplosses as per given by my broker or as the last support but my question is a different one. I have seen stoplosses going below support & then hit the target. So perhaps we can use S2 instead of S1 in more volatile markets.

Are there any specific circumstances in which we can maybe ignore stop losses? like some, 3 which I have mentioned in my 1st post on this thread/

 

[onlinetrader]

If a stoploss is hit, exit. The trade is over. After that dont think about it even if it hits target. The trade is over. Move on to next trade. It will keep your thinking clear. And if you are so worried about stock hitting target later on then have a reversal strategy in place

 

[alroyraj]

I usually keep stoplosses as per given by my broker or as the last support but my question is a different one. I have seen stoplosses going below support & then hit the target. So perhaps we can use S2 instead of S1 in more volatile markets.

Are there any specific circumstances in which we can maybe ignore stop losses? like some, 3 which I have mentioned in my 1st post on this thread/

The method you are using is camarilla pivots. This strategy works well for some stocks not so well for others. This you have to test on your own. Usually people use it for nifty futures but still consider supports.
Camarilla pivots is what your broker is giving you,it is meant for intraday not delivery.

Each stock has its own dynamics measured by historical and daily volatility this can be a means to set Stop loss. Only today raunak mentioned it.
Another concept is if a resistance is tested often eventually it will gather the strength to break past this happens recently for AIA Engin @365,now it is at 410. I had bought at 375.
For delivery unless there is a massive move down better not to sell at a loss,this is a bull market no meaning in being impatient and book losses.
This major support you have to observe from end of day charts like those provided at yahoo finance.
If the price hit SL and then hit target means you are setting too tight a stop loss,better to relax it based on your observation. This is another important lesson in trading but it differs from stock to stock.

 

[rserene84]

We all expect that Market should respect whatever Stops we place. But it is NOT possible. Even Lehman Brothers with trillions in assets failed at it, even Societe Genrale ALMOST failed.

An ideal Stop Loss is never hit, until market is bound to hit your target. This means if you get a Signal from market, let's say a Bullish Butterfly, then price should not go 5-10 points below the Low made! If it does, it means your signal was correct, but market did not respected the signal. Maybe next time it works out.

Stop Loss helps to avoid BIG losses, because every time price does not goes in the direction we see it should..

Generally we LEAVE a strategy when it gives 10 losing streaks together...which is why we continue to fail.

Those who test their strategy on PAPER Trading first for 1000 Trades, would not fail in real...Trust me..

Have you tested your strategy 1000 times on Paper? You may test the strategy by playing ONE Unit at a time on Live Market Quote OR on Paper Trading.

But ONE Never gets successful at trading without sweating out at Testing Continuously.

 

[lalitA04]

can anyone suggest any volatile sock within the Price range of 100-200 which gives a movement of rs. 50-60 in six months , I have a good trading strategy which i hope can't fail with volatile stocks of long range, if used as delivery basis

 

[alroyraj]

can anyone suggest any volatile sock within the Price range of 100-200 which gives a movement of rs. 50-60 in six months , I have a good trading strategy which i hope can't fail with volatile stocks of long range, if used as delivery basis

Ruchi Soya

 

[PGDIMES]

Ruchi Soya

Only one!!!!!!!!!:rofl::rofl::rofl: