Stocks To Keep A Close Eye On
- Thread starter SavantGarde
- Start date
- Tags afl amibroker
- Status
Did u see ... most of his trades got BAD. Does one trade this way and say I am a good trader? Would you want your trades to go bad so that you can earn on the hedge?
And if u say ok cool ... it was a hedge then what if the trades were not right in the sense that price would have remained stagnant. What if the price moved still lower even after he squared off his hedge only. Since its a hedge .. I am sure the downside loss has not been covered completely .. so its still a loss making trade.
He stands corrected by Raunak ... and in good time ... for better times ahead ...
And if u say ok cool ... it was a hedge then what if the trades were not right in the sense that price would have remained stagnant. What if the price moved still lower even after he squared off his hedge only. Since its a hedge .. I am sure the downside loss has not been covered completely .. so its still a loss making trade.
Yes Raunak Sir,
Your student is here again.
You are very much correct........ that was not the right way to do it.
I was very much sure when you said it....... because it is Raunak Sir who is saying something. So what I did is.... I started checking with my last two years trades to find out any mistakes (It took more than 10 days for me to do that). Interestingly I found, even though I have made profit in my trades.... most of the time it was with hedging. And I also found that more than 75 percent of time I entered in trades or averaged was on a wrong time and price. I could have done it in a better way with the help of simple trend lines and retrace levels.
Yes ........ average is possible even on down trend but only if the script shows some strength on some support levels. simply working on percentage levels is foolishness.
I was holding SBIN and my average price was some where around 3108 levels. According to my old strategy I would have been holding it even now. But Now I have exited from it at at 3160 levels and will be entering it at 2875-80 levels.......(See chart). In the same way I have exited from Balramchini also.
Thank You Raunak Sir, for opening my eyes.
Gangadharan
TREND IS YOUR FRIEND TILL IT SHOWS A BEND....BUT THOSE WHO WORRIED ABOUT THE BEND WILL NEVER EARN TILL THE END
VANDE MATHARAM
Your student is here again.
You are very much correct........ that was not the right way to do it.
I was very much sure when you said it....... because it is Raunak Sir who is saying something. So what I did is.... I started checking with my last two years trades to find out any mistakes (It took more than 10 days for me to do that). Interestingly I found, even though I have made profit in my trades.... most of the time it was with hedging. And I also found that more than 75 percent of time I entered in trades or averaged was on a wrong time and price. I could have done it in a better way with the help of simple trend lines and retrace levels.
Yes ........ average is possible even on down trend but only if the script shows some strength on some support levels. simply working on percentage levels is foolishness.
I was holding SBIN and my average price was some where around 3108 levels. According to my old strategy I would have been holding it even now. But Now I have exited from it at at 3160 levels and will be entering it at 2875-80 levels.......(See chart). In the same way I have exited from Balramchini also.
Thank You Raunak Sir, for opening my eyes.
Gangadharan
TREND IS YOUR FRIEND TILL IT SHOWS A BEND....BUT THOSE WHO WORRIED ABOUT THE BEND WILL NEVER EARN TILL THE END
VANDE MATHARAM
Hi SKumar,
I have not checked "Disable smilies in text"
":" +")" & ":" + "lol:" typed them manually still it does not come.
Around two months back.... I was able to use them.... but all of sudden I am unable to use them as they are now not allowed to select...
So if it is scrpt related problem then how should I get it changed?
I have not checked "Disable smilies in text"
":" +")" & ":" + "lol:" typed them manually still it does not come.
Around two months back.... I was able to use them.... but all of sudden I am unable to use them as they are now not allowed to select...
So if it is scrpt related problem then how should I get it changed?
- Status
Similar threads
-
to keep record of stocks i will be following- Started by Gandhar.
- Replies: 5
-
-
-
-
Is it ok to buy Stocks keeping the current market scenarios in mind or should I wait
- Started by greg4u
- Replies: 10