Long or Short Opinion

Is the thread Helpfull???

  • Helpful

    Votes: 64 94.1%

  • Useless

    Votes: 4 5.9%
  • Total voters
    68
Status
Not open for further replies.
S

simple_trader

Well-Known Member
#1,876
#1,876
simple_trader said:
We are going up :) 5500-5550 NF should be there in next 2-3 days.

Happy trading!!
Click to expand...
It seems market has missed a good chance to touch 5500 today with good global markets setup. With this, it seems that market will be range bound again between 5400-5500 on the expiry week (till Thursday). Resistance would be around 5500-5505 NF and support is around 5405-5410 NF range.

5500-5550 may be touched on the first week of August series. This is only one of the possibilities in market!

Happy Trading!!
 
rajeabc

rajeabc

Well-Known Member
#1,877
#1,877
raunakagarwal said:
Our time frames are different Bro. Positional Short. Not short on Daily basis.

Tc
Click to expand...
Hi Raunak , Could you please explain me how positional trade is different from a day/weekly trade if we consider STOP LOSS ? I heard lot of TA saying that they are positional traders but could not understand. What I mean , say I took a positional in script XXX with a stop loss R ( I can understand that this would be much deeper when compared to day STOPLOSS) . Will positional trader keep his positional even when his stop loss is hit on day one ?

Thanks in Advance.
 
SwingKing

SwingKing

Well-Known Member
#1,878
#1,878
rajeabc said:
Hi Raunak , Could you please explain me how positional trade is different from a day/weekly trade if we consider STOP LOSS ? I heard lot of TA saying that they are positional traders but could not understand. What I mean , say I took a positional in script XXX with a stop loss R ( I can understand that this would be much deeper when compared to day STOPLOSS) . Will positional trader keep his positional even when his stop loss is hit on day one ?

Thanks in Advance.
Click to expand...
Rajeabc,

For each trader definition of trade timeframes is different. Let me tell you how I define these for me.

Positional trades - 1 - 6 Weeks
Swing trades - 3-10 days
Investment trades - 6m - 1y

For me this definition keeps changing based on market strength and volatility.

Now coming back to how SL is decided. For swing trades, I keep a SL of 3-4% based on volatility. So if my swing SL gets violated tomorrow, I usually exit or cut my positions by 75%.

For positional trades I keep wider SL's and adjust accordingly. Even if market reaches SL, I prefer to review the situation first. If I feel, my view still holds value, I average my trades and move SL higher. Hope you get my point. It is all variable and depends on market situation. The key is to adapt to changing markets.

Tc
 
R

rajputz

Well-Known Member
#1,879
#1,879
rajputz said:
Update of Apil Buy given at 613 levels... now at 662.



[/B]
Click to expand...
Update of Apil on weekly charts: - Currently trading at 704. No exit as per weekly charts.



Daily chart gave exit and re entry for trend continuation, but i was unable to catch it. Got a look at it today so posted.
 
Status
Not open for further replies.
Thread starter Similar threads Forum Replies Date
N Long / Short Tool in Amibroker AmiBroker 0
T Long-term and Short-term Setups Technical Analysis 25
B Shorting and Long volumes for a future Futures 0
P URGENT: Is anybody doing this? (Long Fut, Short Call) Derivatives 6
D Long and Short Signal at same time Algo & Automated Trading 1

Similar threads