Trading for living

[shivshankar054]

Hello Sir,
I'm a newbie and I just started trading in commodities.Today I sold aluminium @110.65 aiming for a target of 109.50 and I placed my stoploss @111.30. Now its trading at 111.10, should I square off my position now? or should I wait till wednesday?? Plz help me as I'm confused...

 

[mcxinvest]

Hello Sir,
I'm a newbie and I just started trading in commodities.Today I sold aluminium @110.65 aiming for a target of 109.50 and I placed my stoploss @111.30. Now its trading at 111.10, should I square off my position now? or should I wait till wednesday?? Plz help me as I'm confused...

If you are following someones calls/tips than follow them completely.

According to me, s/l should be 112.30. If you cannot wait till those levels, be with ur s/l or u may square off the position.

Remember whenever you get "Fear or Greed", just move out from ur position.

 

[trade1111]

Buy Lead @ 119.85 S/L of 117.85

Placed order at 119.85.

 

[trade1111]

Buy Lead @ 119.85 S/L of 117.85

Entered at 119.85 ..Thanks a lot for the call..

 

[Change is Inevitable]

Dear MCXINVEST,

I was about to buy Lead but the rate has dropped from 119.85 to 119.45..... does this seem a consistent drop or you will be holding on to your position...

Just wanna make sure that i follow you completely....

Regards
CII

 

[mcxinvest]

Dear MCXINVEST,

I was about to buy Lead but the rate has dropped from 119.85 to 119.45..... does this seem a consistent drop or you will be holding on to your position...

Just wanna make sure that i follow you completely....

Regards
CIE

I'll wait till i get the exit call..

 

[mcxinvest]

Buy Lead @ 119.85 S/L of 117.85

Trail S/l @ 118.40

 

[trade1111]

Trail S/l @ 118.40

I will place a gtc sl order at 118.4 .Thank you

 

[mcxinvest]

I will place a gtc sl order at 118.4 .Thank you

okies :thumb:

 

[shivshankar054]

Hello Sir,
Thanks for helping me out in my last trade :thumb: I have a doubt, suppose you were planning to short a commodity at a price (following the charts and indicators) but unfortunately due to some bad news the prices drop, would you short it that position or will you wait until the prices reach the resistance level??