Hi Nithin,
Thanks for your wishes.
1.Not able to come out with a fool proof system and hence currently trading with system + discretion .
2. I am taking entries with a buy signal in 1M Tf.
3.I am with RKG hence my break even for Tata steel is 25 paise per trade.
So even if i cover my position at 80 paise I will be 300 Rs plus.
4.TS now a days is not correlating much with Nifty and hence I don't rely up on correlation with Nifty.
Even today I shorted TS and I went Long in Nifty but covered Nifty at 1 point and went long in Feb TS.
Best Regards,
JK
Thanks for your wishes.
1.Not able to come out with a fool proof system and hence currently trading with system + discretion .
2. I am taking entries with a buy signal in 1M Tf.
3.I am with RKG hence my break even for Tata steel is 25 paise per trade.
So even if i cover my position at 80 paise I will be 300 Rs plus.
4.TS now a days is not correlating much with Nifty and hence I don't rely up on correlation with Nifty.
Even today I shorted TS and I went Long in Nifty but covered Nifty at 1 point and went long in Feb TS.
Best Regards,
JK
1. Never mind and if you have one, there is no obligation to share it !!
2. If you have the right charting software to do so, some live on such trades. It gives you the possibility to stay away from every day trading. One month time frame is position sizing trading and it is a quit job. Even than, place your stop losses and calculate your risk reward ratio.
3. I not can comment as I do not.
I wish you all the best in the next few months and take care.
DanPickUp