Manoj's Trading Diary

[Shantala]

TATAMOTORS at range high, whether it makes or breaks?

 

[amitrandive]

Amit i am not arguing re.
I just can not recognize patterns yet so just asking whether the hns is developing

Manoj

I know you are not arguing.
I have posted a general message for everyone here.

Let us not argue on developing patterns.

Every pattern will work in a trending market.We can deduce that after a particular pattern has occurred.And let us not waste precious time and energy on predictions,arguments and counter arguments.

Let us all concentrate on our primary daily activity which is Trading

 

[market oracle]

Guys

I think it would be better if we stop arguing on who predicts the market moves better.

We should be more interested in how can we trade better and make more money.
:thumb:

Hey there, The original post clearly had a question asking the viewers if we thought it was a head and shoulder pattern.

And what is the point of discussing charts if you're not going to predict the movements? How can you improve trading?

 

[manojborle]

:clap::clap::clap:

(Today morning ZT was showing delayed quotes, had losses , came to know after 2 trades, was frustrated and was desperate to make it up.
I know wrong attitude but never mind I got my trade entered in 7650 ce @ 109, and slippage got me entered @ 117, so must use limit orders)

 

[simplebuthard]

(Today morning ZT was showing delayed quotes, had losses , came to know after 2 trades, was frustrated and was desperate to make it up.
I know wrong attitude but never mind I got my trade entered in 7650 ce @ 109, and slippage got me entered @ 117, so must use limit orders)

If you had used limit orders then your order would not filled up...

Great trade....:clap:

 

[manojborle]

Today I strictly followed Shnatala Sir's advice about neutralising Stop Loss, both partial exits were limit orders placed as soon as entry order filled.

 

[amitrandive]

Today I strictly followed Shnatala Sir's advice about neutralising Stop Loss, both partial exits were limit orders placed as soon as entry order filled.

Manoj

Can you please elaborate "neutralizing stop loss"?

 

[manojborle]

Manoj

Can you please elaborate "neutralizing stop loss"?

Amit consider this example:
I buy 200 shares of XYZ @ 200 and Stop loss is 198.
So I will place a limit order to sell 100 shares @ 202, so that now even if the SL for remaining half quantity is hit, you will be able to exit the trade with breakeven.
The main purpose of this is to minimize the losses thereby increasing the profits.

 

[manojborle]

Good Evening guys
I was busy and could not trade for a week or 2.
Started trading today again, not a bad start though .

 

[lamerider]

Manoj ji, this is good trade.... Please share your strategy in choosing buying and selling prices, so that we all can learn...
thank you.