1) Shorted PDH/BRN confluence BOF. Got 26 points. Expected the then LOD to support the price and tightened the stop and it was another premature exit.
I am not a Stock Market Research Analyst. Please do not follow me, as my methods may result in serious losses.
Hi KS
ReplyDeleteNice trade.
I am also dealing with the same issue , although I hesitated to take the trade at the same location but took the trade on NSE paathsala as paper trade and trailed it using ST's Trade Management , which worked very well. https://www.screencast.com/t/lzXNOACQ
My Tuesday real trade
https://www.screencast.com/t/yUaq6CSvZ
My todays paper trade using ST's TM
https://www.screencast.com/t/8ZmdNXxbm2jK
We have to learn to be brave just 10 minutes longer.
Thanks and happy weekend
Arvind
Hi Arvind,
DeleteTrailing is an area, where I need to improve a lot. I am not able to trail at pivots or flips, as soon as price hits FTA/DP. Should look at the momentum as price hits FTA/DP and decide on tightening or not tightening the stop. Your trade on Friday was a good example on how we can get the most out of a move, by trailing at the pivots.
Your trades on Tuesday were very good. On that day, market didn't give many opportunities and getting 2 winners on such a day is not an easy task.
Thanks for the comment. Have a great week end.
Karthikeyan.
sir can we trade like this in stocks also.If we going to trade in stocks then how to select stock any scanner or other tool to select.
ReplyDeleteI am not sure, as to whether the same methodology can be used for stocks too. Probably Mr.Uday of Charttechnicals.blogspot.com is the right person to answer this question.
DeleteIf you are considering holding stocks for a long term, then you can have a look at valuepickr.com