Manoj Gupta at 07:37 PM - Mar 24, 2014 ( ) Views: 500

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(1st CASE)-I AM INTRADAY TRADING WITH 15MINTUES CHARTS I WANT TO KNOW IF MY TRADE IS CONTINUE AGAINST ME UPTO MORE THAN 15MINUTES(BUT SO FAR STOP LOSS NOT HIT) THEN SHOULD I WAIT TO HIT MY STOP LOSS, OR WITH MINOR LOSS I SHOLUD EXIT, ?.

(2nd CASE)- IF MY STOP LOSS HITS THEN SHOULD I REVERSE THE TRADE WITH DOUBLE QUANTITY(AS SOME WHERE I READ ABOUT THIS) IS IT JUSTYFIED.

IN MUDRAA FORUM THERE ARE GREAT TECHNICAL EXPERTS &  TRADERS  PLEASE ADVICE US.


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Nitin Potade at 08:11 PM - Mar 24, 2014 ( )

 

Manoj ji,

I am full time online trader and always trade with stop loss & target after execution of my entry order of trade. And I do book partial profit & trailing stop loss.

I will advise to read more use & importance about partial booking of profit & trailing stop loss.

I dont know much about so many indicators so wont be able to give my view on it.

Take advise from end number of traders but do trading with the method which is convinient and understood by you properly.

Learn from your own mistake. Nobody is perfect to understand market.

All the best.

Manoj Gupta at 08:02 PM - Mar 24, 2014 ( )

SIR THANKS  FOR  PROMPT RESPONSE, I HAVE DONE TECHNICAL ANLYSIS COURSE FROM HISAR HARYANA FROM MY TEACHER TAUGHT ABOU THIS CONCEPT .

I USE BOLLINGER BAND, I ALWAYS USE TO TARGET & STOP LOSS, BUT NEVER TRAILS MY STOP LOSS OR TARGET FOR INTRADAY AS IT BECOMES VERY HECTICK FOR INTRADAY IT IS GOOD FOR EOD TRADE.

AROUND 20-30% STOP LOSS HITS, I FOLLOW ONLY CANDLE STICK PATTERNS.

I USE 15,20,50EMA, STOCHASTICK, RSI, MACD & VOLUME PLUS, INDICATOR, FOR INTRADAY NEVER TAKES PARTIAL PROFIT I SQUARE OFF THE TRADES,

 

Nitin Potade at 07:52 PM - Mar 24, 2014 ( )

I am also interested to know it.

The question should be all traders who do online trading. 

Please explain in more details.

1. Do you put target or not ?

2. % of hitting Stop Loss.

3. Which indicator do you use for it as all indicators are not fit for "STOP AND REVERSE". 

4. Do you use Trailing Stop Loss & partial booking of Profit ?

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