joy_mitali said:
Dearest Traderji,
A really fasciating Qs.ad Ans. Session ----in the most simpliest way---
My Qs. are :
1)While trading Nifty Futures---in this highly volatile month of July---what was ur strategy or with what strategy could one sussessfully carry on a trade with trailing stop loss even for 3--4 days --without the Stop loss getting hit as per the 2% rule of money management?
2) What strategy do u follow in trading Nifty in the 1st three days and the last three days of the near mth cycle?
As usual---Thanks once again,for ur efforts in keeping simple things simple--
Regards,
joy_mitali
A really fasciating Qs.ad Ans. Session ----in the most simpliest way---
My Qs. are :
1)While trading Nifty Futures---in this highly volatile month of July---what was ur strategy or with what strategy could one sussessfully carry on a trade with trailing stop loss even for 3--4 days --without the Stop loss getting hit as per the 2% rule of money management?
2) What strategy do u follow in trading Nifty in the 1st three days and the last three days of the near mth cycle?
As usual---Thanks once again,for ur efforts in keeping simple things simple--
Regards,
joy_mitali
If I find that the stoploss is to large (during highly volatile times) I normally reduce the position size to fit into my % rule of money management. Keep in mind that one should not change the stoploss to fit into your money management but rather the position size. If you find that the difference between the entry price and stoploss is too large and you cannot take the loss then do not take the trade.
I do not change my trading strategy during the first three days of the month or last three days of the month. The trading strategy remains the same.