Priyanvada's chit chat home ...

[priyanvada]

Pranam Rajji,

Sad that stop loss hit ...

I have stuck in Unitech shorted @ 100.9 Rs. ...

Dunno what to to do now ... Cover or wait ...

 

[priyanvada]

I accept my entry was hasty today ...
Will improve ...

...anyway Unitech todays chart syat gives some good indication of downfall ...

1. BB compression and pierce on up side
2. Spike formation in stoch
3. Stoch crossover
4. Additionally It was in overbought in 60 min chart ... (I am not sure if this can be considered a valid point for predicting move in intraday)

 

[padhugvn]

dont worry ya today it will touch around 99.50 so covered it there
else covered it wat ever price if nifty touch 5030

my guess another day of U turn may come.


take ur decision!!! have a nice trading day

 

[raj001]

Pranam Rajji,

Sad that stop loss hit ...

I have stuck in Unitech shorted @ 100.9 Rs. ...

Dunno what to to do now ... Cover or wait ...

cover its at 100.............. fast...

 

[priyanvada]

Covered already ... Rs. 66 profit ...

 

[priyanvada]

1538 Capital now ...
Jai Ho.....!

 

[priyanvada]

Because of too "tight stoplosses" I have missed a profit around 180 Rs.

I am in search of better trade management strategy for intraday positional trade ...

Which one is better ...

1. Make the given trade a free trade ==> make a stoploss equal to traded price at right time ...

2. Which is better way to book a profit in a winning intra-day positional trade

a. One time profit booking by order
b. Two-three time booking by order
c. One time profit booking by stop loss
d. Two-three time booking by stop loss

3. I averaged with "equal quantit"y in my winning trade and this proved WRONG for two BIG winning trades where i got out at No loss No profit where I could have made 180 Rs. profit ... So Which averaging is simpler & better????

a. 8,12,16 or...
b. 8,8,8,or ...
c.8,6,4,2,1 or...
d. 8,4,2,1 ...
e. 8,2,1
f. Don't average at all ...

:confused

 

[raj001]

Because of too "tight stoplosses" I have missed a profit around 180 Rs.

I am in search of better trade management strategy for intraday positional trade ...

Which one is better ...

1. Make the given trade a free trade ==> make a stoploss equal to traded price at right time ...

2. Which is better way to book a profit in a winning intra-day positional trade

a. One time profit booking by order
b. Two-three time booking by order
c. One time profit booking by stop loss
d. Two-three time booking by stop loss

3. I averaged with "equal quantit"y in my winning trade and this proved WRONG for two BIG winning trades where i got out at No loss No profit where I could have made 180 Rs. profit ... So Which averaging is simpler & better????

a. 8,12,16 or...
b. 8,8,8,or ...
c.8,6,4,2,1 or...
d. 8,4,2,1 ...
e. 8,2,1
f. Don't average at all ...

:confused

in my case It depends on stock movement, if i see that my trade is going wrong than i dont average and put sl and trade, but if i feel that the trade can be managed by averaging than i average and kep a strict sl..

its all TA analysis based on stock movement...

 

[vanram]

why trade intra day when you are a new bie?

Start with positional.

Decide entry, stoploss, exit before hand.

Average between entry and stoploss, book part profits and move stoploss to entry when price moves to exit point.

For a new bie it is always better to stick to rules. Once you become comfortable in trading then you can become discretionary trader as well as day trader.

best wishes.

Because of too "tight stoplosses" I have missed a profit around 180 Rs.

I am in search of better trade management strategy for intraday positional trade ...

Which one is better ...

1. Make the given trade a free trade ==> make a stoploss equal to traded price at right time ...

2. Which is better way to book a profit in a winning intra-day positional trade

a. One time profit booking by order
b. Two-three time booking by order
c. One time profit booking by stop loss
d. Two-three time booking by stop loss

3. I averaged with "equal quantit"y in my winning trade and this proved WRONG for two BIG winning trades where i got out at No loss No profit where I could have made 180 Rs. profit ... So Which averaging is simpler & better????

a. 8,12,16 or...
b. 8,8,8,or ...
c.8,6,4,2,1 or...
d. 8,4,2,1 ...
e. 8,2,1
f. Don't average at all ...

:confused

 

[priyanvada]

in my case It depends on stock movement, if i see that my trade is going wrong than i dont average and put sl and trade, but if i feel that the trade can be managed by averaging than i average and kep a strict sl..

its all TA analysis based on stock movement...

Rajji,

Thanks for your valuable thoughts! :thumb:

I think It is the angle of price movement (10/30/45/60 degrees)and behaviour of price movment (simple straighline or zigzag or both mixed ) which should decide the Averaging & exit policy in our trade ...