Stock FUTURES To Keep A Close Eye On

[SavantGarde]

Hi PP,

With your open IFCI position .....I am hoping you will have some control on your emotions....and not panic like you did by exiting on gap down.....plus.... use of trailing S/L and re-entry....!!!

Today your trailing S/L was adjusted twice and second one of 42.05 was Triggered.... 41.75 was good re-entry point....because at that time I wasn't aware of the Tsunami alerts and stuff....and when I did get to know....it was too late to have lowered the re-entry price....!!!

Now, I am not aware of what kind of losses you have incurred in the past...but it is foolhardy to expect to recoup everything you have lost in a couple of trades....you have to take the trade for what it is worth and do the right thing...and slowly you will find your ledger improving....!!!

Through active monitoring of IFCI trade I am expecting that you will not panic like you did earlier...that would be a great improvement in becoming a seasoned trader..... and slowly over a period we shall see how to deal with some of the other shortcomings....!!!

As far as full time or part time....is entirely your decision....whatever you decide...we can have some plan keeping your decision in mind....!!!

SG

SG,
Form past week I tried to earn from the market, but can't even get to break even figure... except one position.
Thinking of trading full time from past week, but nothing is going right.

PP

 

[Prashant Patel]

Hi PP,

With your open IFCI position .....I am hoping you will have some control on your emotions....and not panic like you did by exiting on gap down.....plus.... use of trailing S/L and re-entry....!!!

Today your trailing S/L was adjusted twice and second one of 42.05 was Triggered.... 41.75 was good re-entry point....because at that time I wasn't aware of the Tsunami alerts and stuff....and when I did get to know....it was too late to have lowered the re-entry price....!!!

Now, I am not aware of what kind of losses you have incurred in the past...but it is foolhardy to expect to recoup everything you have lost in a couple of trades....you have to take the trade for what it is worth and do the right thing...and slowly you will find your ledger improving....!!!

Through active monitoring of IFCI trade I am expecting that you will not panic like you did earlier...that would be a great improvement in becoming a seasoned trader..... and slowly over a period we shall see how to deal with some of the other shortcomings....!!!

As far as full time or part time....is entirely your decision....whatever you decide...we can have some plan keeping your decision in mind....!!!

SG

SG,
I dosen't want to recoup that I have lost in earlier trades, as everyone knows no one can, but I want to know that I can start to trade as seasoned trader.

As far as decision needed is, I'm ready but I need a mentor to guide through the rutted path, therefore asked you.

PP

 

[SavantGarde]

Fine PP..... let's take this ahead.....and hopefully you can Trade without any mentoring in a couple of months.....!!!

Will discuss it further.....tomorrow evening....!!!

SG

SG,
I dosen't want to recoup that I have lost in earlier trades, as everyone knows no one can, but I want to know that I can start to trade as seasoned trader.

As far as decision needed is, I'm ready but I need a mentor to guide through the rutted path, therefore asked you.

PP

 

[Prashant Patel]

Fine PP..... let's take this ahead.....and hopefully you can Trade without any mentoring in a couple of months.....!!!

Will discuss it further.....tomorrow evening....!!!

SG

Sg
Thanks a ton.
Looking forward....

PP

 

[apdd2003]

Hi APDD,

Yes I remember the query......what happens with smaller capital...is that you either trade MNF or NF as positional.... for stock futures that have on Intraday for those exceeding 500 Lot size... because the S/L are close by ...one has to make do with smaller profits....till the capital is built....!!!

SG

thanks, and as i remember you generally ask for screen time available to trade... I will have 100% screen time from next month and will be trading full time. This is for your info only in case you want to add something.

 

[positionaltrader]

Good Morning Everyone. Have a good Trading Day!!!

 

[SavantGarde]

Hi PP

Keep IFCI @ 43.15 if it falls a little short of 43.15 when it surges... we shall see what to do....!!!

SG

 

[Prashant Patel]

SG,

Kept IFCI Trailing SL @ 42.15

PP

 

[SavantGarde]

Hi Dinesh,

Keep your IFCI @ 43.05 for re-entry a little lower....!!!

SG

 

[SavantGarde]

PP...keep the trailing exit after 10.45 am

SG

SG,

Kept IFCI Trailing SL @ 42.15

PP