if u exit ur positions in 1/3 rds how will it affect ur profits.will it be more or less.
actually it depends on the current situation of the market. sometimes exiting 1/3 shows more money, less loss. but sometimes the mentioned method helps me to catch the high price of the day. depends my friend. but i feel comfort with the mentioned method.
yesterday, i bought 50 shares of hdfc on b/o, @1705.xx, placed stop at 1695.xx.
sold 25 shares @1726, sold 13 shares @1721, sold 6 shares @1750, sold 3 shares @1800, sold balance 3 shares @1770.
total profit (25*21)525+(13*16)208+(6*45)270+(3*95)285+(3*65)195=1483.
assume that i exited as per the 1/3 rd method, in that case look at the following detail.
bought 50 shares of hdfc on b/o, @1705.xx, placed stop at 1695.xx.
sold 18 shares @1726, sold 16 shares @1721, sold 16 shares @1750.
total profit (18*21)378+(16*16)256+(16*45)720=1354.
the results are near about same. do you have any suggetions to improve this exit method.