create exit plan

c.trader

Active Member
#1
Hi
I am using super trend v 5 for intraday trading in crudroil
It shows buy and sell signals
I trade according to that
But whenever I enter in trade I get nerveous for when to exit
1)10-20 points
Some times this exit works but ,sometimes when I exit it moves in my trade direction and I miss huge profit
2)signal to signal
Loss and profit remain equal ot with only small profit
So please how I create my exit plan after entering in trade
Reversal signal,indicators,support, resistance, ma,or other
Thanks
 

vijkris

Learner and Follower
#4
you need lot of patience with supertrend.
during bad trend days it will give lot of losses. in medium to good trending days it will gain a lot compensating for previous losses.

as aaru said, trade with 2 lots if MM allows. use 1 lot for partial profit booking and the other until reverse signal comes.
 

c.trader

Active Member
#5
you need lot of patience with supertrend.
during bad trend days it will give lot of losses. in medium to good trending days it will gain a lot compensating for previous losses.

as aaru said, trade with 2 lots if MM allows. use 1 lot for partial profit booking and the other until reverse signal comes.
Any indicator add to super trend to identify reversal early instead of reversing signals
 

bunti_k23

Well-Known Member
#7
if ur MM permits enter with two lots.. exit one when signalling reversal / sufficient profit.. this will improve ur MtoM
this will be the robust method ...i would say trade with 3 lots ,exit 2lots at some fixed point ,this will average you up (keep in profits) .apply TSL to remaining lot ride the trend ,allow market to run smoothly....:thumb:
 

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