New Intermed Uptrend!!

[pkjha30]

Hi saint
great post as always explaining lucidly.
Thanks a lot.
Regards
Pankaj

 

[dheerajmehta]

Hi saint,

Could you please share your views on karnataka bank(ktk bank)...it has moved up sharply in the past few days....

Regards,

Dheeraj M

 

[srisara]

Hi Satya,

Judging from your past posts,you are obviously not a beginner,........but I hope you wouldn't mind if I addressed this query as if to a beginner.

Happy Trading!
Saint

Saint,

thanks for sharing such a vital information and also educating us on it. I was able to learn and understand more of it from here.

I believe, Stop Loss is the most neglected area when it comes to Trading. Often people are left High and Dry when the market starts to reverse.

Alexander Elder says "The first Loss is the Best Loss" and has proposed the 2% Theory. Also, learning from it.

We need to develop that psychology and stick to it rather than deviating it. The markets present the best situation for people to deviate.

Thanks Again...
Satya

 

[Saint]

Hello saint ,
Thanks for sharing ur way of trailing S.L.----To ur such a well sketched scenerio ploting,--I would like to add one more thing---knowing the trading ranges of a particular scrip---in which u r going to trade is a very useful thing----if one can pick the scrips in the correct points(though there always remains a probablity of a more downfall than the preassigned known point)-----the trading profits ---though limited ---can aggregate to a substential amount in a short time----
Regards,
joy_mitali

I don't usually take the trading range into consideration when I decide to get in to something as am looking at a longer time frame............but am sure that would be a great add.Thanks,my friend,for your kind input.

Happy Trading!
Saint

 

[Saint]

hello Saint,

Thanks for sharing your knowledge and experience

regards

Roneeth

Most welcome,my friend!

Saint

 

[Saint]

Hi sh50
great post as always explaining lucidly.
Thanks a lot.
Regards
Pankaj

Hi Pankaj,

Presuming that sh50 above was refering to me...........most welcome,my friend and thanks for your kind words!

Saint

 

[pkjha30]

Hi Pankaj,

Presuming that sh50 above was refering to me
....
Saint

oops.. my mistake. corrected.
Always read your posts.. and gain by that.

Regards
pankaj

 

[Saint]

oops.. my mistake. corrected.
Always read your posts.. and gain by that.

Regards
pankaj

No problem at all ............and so very glad to hear that,my friend.

Saint

 

[ragh_ash]

hi saint,
what is the target u fixed for Alstom?
regards

ps: what is exit point for IPCL(entry 240), M& M (278)

 

[karthikmarar]

Hi Satya,

Whenever we enter a trade,a stop loss is a must.A stop loss is a predetermined point where we cut our losses.As traders,we are in this business to make profits.And we make profits over a long term by cutting our losses short and letting our profits ride.

The word predetermined is important.......a stop loss is put in before the trade is put in motion.

--------
Happy Trading!
Saint

Dear Saint

Great Post ...as always...my friend..It is always a pleasure to read your posts...

regards

Karthik