Manoj's Trading Diary

[saakk]

I am keeping 1 point difference

Use SL-M..... It is best in the business of getting out traders from a difficult situation......:thumb:

 

[manojborle]

:clap::clap::clap:
Target achieved

 

[manojborle]

 

[manishchan]

THANKS

You have been doing good but why long in this chart when you clearly see the trend is down. Further the moving average line is also down. What made you go long and also add ?

 

[manishchan]

I am keeping 1 point difference

Hello guys, I primarily trade Nifty using CO order type.
My Stops get run often, however the fill is always @ or very near the limit price I specify in the mandatory SL box.

Never once has my SL got not got triggered/filled.

I'd like to ask yall, what exactly is the benefit in keeping trigger and limit price for the same SL order ?

Use SL-M..... It is best in the business of getting out traders from a difficult situation......:thumb:

While entering at trigger, better to keep at least 2 points gap but when getting out at SL hit.. Market order is the best bet it helps especially during the sharp fall. If the SL doesn't get you out, its a common psychology to move the SL... Why ?? Coz we start thinking.."Chalo itna loss to ho gaya..5 points aur dekhte hain". ... Market order SL just cleans us out and we can start thinking afresh for the next move.

 

[manojborle]

While entering at trigger, better to keep at least 2 points gap but when getting out at SL hit.. Market order is the best bet it helps especially during the sharp fall. If the SL doesn't get you out, its a common psychology to move the SL... Why ?? Coz we start thinking.."Chalo itna loss to ho gaya..5 points aur dekhte hain". ... Market order SL just cleans us out and we can start thinking afresh for the next move.

Thanks
I will start SL-M order from now on and yes what you said is very true, I too thought the same and cancelled my SL and then was in market without Stop Loss expecting reversal as my view was bullish.

I will work on this issue also, I tend to get stuck to my view and then even I can clearly see I am wrong I can't do anything about it.

Yesterday also when Price passed through my SL without hitting it I knew I am wrong and it can go very much down but I froze and did not do anything.

 

[amitrandive]

You have been doing good but why long in this chart when you clearly see the trend is down. Further the moving average line is also down. What made you go long and also add ?

I also have the same question , why long in the 2nd trade and why averaging after a loss?
You forgot rule No "d" in your rules

http://www.traderji.com/trading-diary/94203-manojs-trading-diary.html#post972936

d. I will never add to or “average down” a losing position.

 

[manojborle]

To Amibroker Users:

I have some queries:

I have already set up email settings so that if any alert is triggered I will get an email. So my query is whether I have to write afl having alertif functions for each and every scrip if I want the trigger to be at particular price.

If I want the alert to be triggered when the price touches trendlies which I am drawing or it is near the trendlines, How can I write afl for that.

I have tried a test mail and it was successful.
Now If I am able to write this afl life will be much easy for me and it will be very easy for me to find out setups.

Please help me in this.

Thanks

 

[DSM]

Manoj,

Just some generic advise : Trade what you see, not what you think - especially when the trade is going in a loss.

Good luck.

I will work on this issue also, I tend to get stuck to my view and then even I can clearly see I am wrong I can't do anything about it.

 

[manojborle]

JUST DIAL LOOKS SET FOR BREAKOUT