Hi Raj,
Let Me Give You An Example Of KSOILS Futures....
Regular Traders Of This Counter Do Not Trade In Single Lots.... Therefore, Today From Morning I Saw There Was No Movement...& Most Of Those In Bid/Ask Were All With Single Lots...That Is When I Realised That Many Had Picked Up The Futures Yesterday When I Posted A BUY During The Market...Regular Traders Knew There Were Some New Entrants...& As A Result They Wanted To Eat Everybody's S/L....
That Is When I Posted About Removing The S/L Orders From The System...
Now Coming To Your Specific Query....In Smaller Volume Counters It Is Much Easier To Identify New Traders...From Regular Ones...Strategy For Low Volume Counters Should Be, To Give It At Market Whenever One Sees A Good Upsurge...Moreover...Whether Low Volume Or High Volume Counter...There Is A Software Where One Can See The S/L Orders...& All Orders In The System...Not Just 5 Bid/Ask As We See It...On The Terminal.
The Ones Who Do Not Have The Software...To See The Orders....Can Eat Up 2-3 Support Levels.... That Is Why Following Popular Support & Resistance Levels Is An Absolute No...No...For That Matter Even Popular Chart Patterns.
It's A Cat & Mouse Game....We Have To Be Smart With Slightly Bigger Risk Appetite...& Slightly Reduced Greed....To Trade On Intraday In Difficult Or Low Volume Counters
Happy & Safer Trading
SavantGarde
Let Me Give You An Example Of KSOILS Futures....
Regular Traders Of This Counter Do Not Trade In Single Lots.... Therefore, Today From Morning I Saw There Was No Movement...& Most Of Those In Bid/Ask Were All With Single Lots...That Is When I Realised That Many Had Picked Up The Futures Yesterday When I Posted A BUY During The Market...Regular Traders Knew There Were Some New Entrants...& As A Result They Wanted To Eat Everybody's S/L....
That Is When I Posted About Removing The S/L Orders From The System...
Now Coming To Your Specific Query....In Smaller Volume Counters It Is Much Easier To Identify New Traders...From Regular Ones...Strategy For Low Volume Counters Should Be, To Give It At Market Whenever One Sees A Good Upsurge...Moreover...Whether Low Volume Or High Volume Counter...There Is A Software Where One Can See The S/L Orders...& All Orders In The System...Not Just 5 Bid/Ask As We See It...On The Terminal.
The Ones Who Do Not Have The Software...To See The Orders....Can Eat Up 2-3 Support Levels.... That Is Why Following Popular Support & Resistance Levels Is An Absolute No...No...For That Matter Even Popular Chart Patterns.
It's A Cat & Mouse Game....We Have To Be Smart With Slightly Bigger Risk Appetite...& Slightly Reduced Greed....To Trade On Intraday In Difficult Or Low Volume Counters
Happy & Safer Trading
SavantGarde
Thanks a lot sirji....