Long or Short Opinion

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SavantGarde

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CENTRALBK - After It Touched Lifetime High Of 196.20 On 18th August Has Just Shown Pullback, Closing At 181.25 On Friday.... & If At All Any Downside Is Limited To Maximum 174.20... But Upmove Looks More Likely... & Should Be Able To Take Out Its Previous High... Check The Charts Again Guys

Happy & Safer Trading

SavantGarde
 

crown

Well-Known Member
JETAIRWAYS - Gave A Sell @ 760.50

Is Going Down To 651.00 Levels...


Happy & Safer Trading

SavantGarde
Namaste bhai

What should be trailing stop loss for those, who are holding the sell in JetAirways.

Thanks bhai
 

AlokTewari

Well-Known Member
Namaste bhai

What should be trailing stop loss for those, who are holding the sell in JetAirways.

Thanks bhai
How does one hold sell in scrips like Jetairways which are not in FNO. Don't you have to square off your sell positions by end of the day ? Or is it that you square off everyday before close & create new shorts everyday morning ?

Cheers !!!!

Alok Tewari
 

crown

Well-Known Member
How does one hold sell in scrips like Jetairways which are not in FNO. Don't you have to square off your sell positions by end of the day ? Or is it that you square off everyday before close & create new shorts everyday morning ?

Cheers !!!!

Alok Tewari
sorry bro, I wasn't aware of this fact.

I asked this question to learn and understand the concept of trailing stop loss, because recently I observed this to be one very important concept of managing my trades, which I am still not aware of.

Thanks for responding bhai
 

rajputz

Well-Known Member
it is common sense that one will go short in FNO and not in stock.

But then also when this point is raised i must tell the new traders that never hold short position in stocks, untill and unless you dont have them in delivery. Otherwise it will be a short delivery. It means that you agreed to sell the shares which you dont have. In that case, Exchange will lock the amount for which totaly number of shares are sold for 5 Working days excluding Saturday and Sunday. For example you short sell shares worth 1,00,000. Exchange will lock this amount and will penalize you upto 5-8% of the total amount. On 6th day, the rest of the money will be credited back to your demat account for trading.

This is a kind of issue in which no one can help you. Happened with me once in my early days of day trading. Sharing it.

To take short position in stocks, always short futures of near, next or far month. Or Stocks can be analyzed to some extent for shorting call option or buying puts to take short position in underlying.
 
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sorry bro, I wasn't aware of this fact.

I asked this question to learn and understand the concept of trailing stop loss, because recently I observed this to be one very important concept of managing my trades, which I am still not aware of.

Thanks for responding bhai
Sorry bro jumping in discussion of u people but dont try to grab everything in name of knowledge but let knowledge and experience come to u in a solid and slow manner
Dont let it happen to you that knowledge of all and master of none
In start u must keep eye on limited stocks keep eye on there movement there vollumes use anysystem u have faith on and IF u have any problem in that u can ask any good trader like savant rajput aw10 linkon raunak any there are many who know movement of mkt very well except me
First u master few stocks then increase ur list of stocks to b watch and in later stage keep eye on whole mkt like anant & Savantji
Hope it would b of some use to u allthe best GBU
 
Rajputz Sir, Whats cooking up with power stocks, likes of NTPC, REC, Powergrid, PTC all are giving signs that there will be bigger moves then usual in coming few sessions.
Can you confirm please?
 
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