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not being ablr to lock my profits |
jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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Post: #1  Posted: Fri Jul 27, 2012 6:44 pm Post subject: not being ablr to lock my profits |
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hi friends i need some advice on profit booking.most of the time i make profitable entry but my profits turns in loss most of the time 
i trade positional and intraday in nifty and some individual stocks. please help me on this.... |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #2 Posted: Fri Jul 27, 2012 6:46 pm Post subject: |
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what indicator you method you trade with.
what time frame
what stop loss u usually follow--
and what short of set up u have for stop loss and target
tell that--
there is always a solution |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #3 Posted: Fri Jul 27, 2012 6:48 pm Post subject: |
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as i trade nifty in 4 various ways daily--
intra--
1} target 25-- sl 13
2} target 50-- sl 25
3} target 35-- sl 30
positional
1} target 83-- stop loss 35 |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #4 Posted: Fri Jul 27, 2012 6:51 pm Post subject: |
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| Rahulsharmaat wrote: | what indicator you method you trade with.
what time frame
what stop loss u usually follow--
and what short of set up u have for stop loss and target
tell that--
there is always a solution |
i use macd and stochastic cross over for entry with adx
i use 2 point stop loss for stocks and 20 points stop loss
for nifty
i don't know how to calculate target and stop loss |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #5 Posted: Fri Jul 27, 2012 6:56 pm Post subject: |
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its fine
as per me--
reward should be greater then risk-- atleast equal
so if stop loss u keep for nifty is 20 then --target should be min 25 points
same with stocks-- is sl is 2 points-- target 3 points--
why u want to grab 100% gain-- get ur part n be happy
now in nifty-- back test your formula for 3 months n make excel
now see what should be the stop loss and after taking long or short--what is minimum points in return u see before ur stop loss
that is ur target --- in intraday case 25--30 point is enough |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #6 Posted: Fri Jul 27, 2012 7:02 pm Post subject: |
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| Rahulsharmaat wrote: | its fine
as per me--
reward should be greater then risk-- atleast equal
so if stop loss u keep for nifty is 20 then --target should be min 25 points
same with stocks-- is sl is 2 points-- target 3 points--
why u want to grab 100% gain-- get ur part n be happy
now in nifty-- back test your formula for 3 months n make excel
now see what should be the stop loss and after taking long or short--what is minimum points in return u see before ur stop loss
that is ur target --- in intraday case 25--30 point is enough |
thanks rahul
can u give some strategies to select stocks for trading
strategies to enter nifty |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #7 Posted: Fri Jul 27, 2012 7:08 pm Post subject: |
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why u want nifty as well few stocks--
first decide what capital u have-- how much risk u can afford
what reward is ok for u ??
then if all that u get from nifty-- then forget stocks--
concentrate on one
for joke---
can anyone concentrate on 5 girl friends--- NOP
 |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #8 Posted: Fri Jul 27, 2012 7:10 pm Post subject: |
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for nifty --
follow-- Sonila-- she is expert in nifty-- i mean Nifty queen
and Vinst--for Intraday nifty |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #9 Posted: Fri Jul 27, 2012 7:11 pm Post subject: |
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| Rahulsharmaat wrote: | why u want nifty as well few stocks--
first decide what capital u have-- how much risk u can afford
what reward is ok for u ??
then if all that u get from nifty-- then forget stocks--
concentrate on one
for joke---
can anyone concentrate on 5 girl friends--- NOP
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as i'm new bee in trading.i trade i lot of nifty and 1 lot of stocks |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #10 Posted: Fri Jul 27, 2012 7:12 pm Post subject: |
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forget trade in Future lot--
just trade nifty
trade with one set up-- after back test-- for atleast 30 days-- then decide |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #11 Posted: Fri Jul 27, 2012 7:14 pm Post subject: |
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| Rahulsharmaat wrote: | forget trade in Future lot--
just trade nifty
trade with one set up-- after back test-- for atleast 30 days-- then decide |
would u advice to go for technical course or nifty course to learn??
 |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #12 Posted: Fri Jul 27, 2012 7:23 pm Post subject: |
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u dont have to be expert in it
just follow sonila few days-- understand nifty trader by her-- read whole thread from day one--
u will understand
to get a Master degree-- starting is learning .. a b c d..
ok |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #13 Posted: Fri Jul 27, 2012 7:32 pm Post subject: |
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| Rahulsharmaat wrote: | u dont have to be expert in it
just follow sonila few days-- understand nifty trader by her-- read whole thread from day one--
u will understand
to get a Master degree-- starting is learning .. a b c d..
ok |
ok bro
thanks rahul for ur kind advice.appreciate ur suggestions |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #14 Posted: Fri Jul 27, 2012 7:35 pm Post subject: Re: not being ablr to lock my profits |
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| jaii1404 wrote: | hi friends i need some advice on profit booking.most of the time i make profitable entry but my profits turns in loss most of the time
i trade positional and intraday in nifty and some individual stocks. please help me on this.... |
Hi,
Kindly develop an objective trading plan for yourself. Elder Alexander's books can give u an idea on how to do this. Its the only compass that u have in this trading world.
Once things are at place then locking profits is just an order (in the system) away.
Regards
Ravee |
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jaii1404
White Belt
Joined: 23 Jan 2012
Posts: 36
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| Post: #15 Posted: Fri Jul 27, 2012 7:39 pm Post subject: Re: not being ablr to lock my profits |
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| singh.ravee wrote: | | jaii1404 wrote: | hi friends i need some advice on profit booking.most of the time i make profitable entry but my profits turns in loss most of the time
i trade positional and intraday in nifty and some individual stocks. please help me on this.... |
Hi,
Kindly develop an objective trading plan for yourself. Elder Alexander's books can give u an idea on how to do this. Its the only compass that u have in this trading world.
Once things are at place then locking profits is just an order (in the system) away.
Regards
Ravee |
hi ravee from where can i get this book? can u suggest some online book store sites? |
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