I entered Unitech at 302 futures price and sold it at 306. Now am really repenting for this. I dont know every time i exit very early. May be fear is acting so much on me. I have done this mistake almost every day. Can u please let me know how do you exit usually. I always think of using trailing stop loss but these stop losses are always vulnarable and once it touches these SL again they will go up. So do u follow any other method to decide exits ?
SL in my case is a few ticks below the b/o for futures... in case of unitech 298.9 was the b/o point and 298 was my s/l . For cash holdings its a bit relaxed for e.g. in case of zee my s/l is 204(the pivot low is 205). If the stock hits my stop iam out and i focus on the next trade but not before cursing myself for the time wasted....
The Early Exit problem is also same with me,yesterday was an exceptional One Way Traffic,to somehow manage this 'Fear' problem & moreover there are few False b/os also hence i Exit 50 % & hold 50 %.
IOC can give a Scalping oppurtunity today at 9.56am.
BEML is a Slow starter at 9.56 otherwise in this also a scalping oppurtunity.
Axis Bk Support is at 418.00 ,holding from yesterday.
Orchid to day above 250.95 expecting a b/o.
IOC / BEML gave good return on scalping.
Axis Bk got out in profit.
AIA Engg & Orchid yet to come to the Level.
IndHotel holding with Stop (Low is at Stop about to Hit).
Both Neyville & Tata Motors gave good Intraday profit.
