Re: sTOP lOSS CACULATOR
Accepted that volatility is always there, but as it has been mentioned in many books that iv read Protection is must in case of day trading. Reason is that markets and stock prices are unpredictible. U might recieve a call from any one or u might have the best trading system in place. but as the stock price can move frm negetive to postive. one bad news and ur stock could move against u so badly when stop comes to rescue. Im enclosing a chart of Hero Honda for 2day. Watch out the time from 10:58 to 11:19. There was a news of stock over piling and production being shut which dragged the stock. A person who would be long at that point would have had hardly a few socnds 2 get out. From 708 to 700 in few secs. Say what brother? Pls be careful in ur trades dude.
MAy u see gud gains.
Hi Ronald,
When I read your message first time, I thought that either you are already a day trader or you wanted to be a day trader. That is the exact reason why you need a stop loss calculator. So, I mentioned about the deep pocket before doing the trading.
The intra-day volatility normally turns a positive transaction into a negative within fraction of seconds and in few hours time back again to positive. In such volatility it is very natural that fear of loss overpowers the thinking. The strength only comes when you are able to overcome that fear.
In this market since we deal in money, we must have a disciplined way of approach and able to sustain accordingly.
'Stops' are not fixed into any percentages but most of times they are based on the stocks you enter into. The stronger the stock the more confident you are.... So wiping out is out of question.
These are my views. Other membes may differ. You have your own choices...
Have a nice time of tradings....
cmak
When I read your message first time, I thought that either you are already a day trader or you wanted to be a day trader. That is the exact reason why you need a stop loss calculator. So, I mentioned about the deep pocket before doing the trading.
The intra-day volatility normally turns a positive transaction into a negative within fraction of seconds and in few hours time back again to positive. In such volatility it is very natural that fear of loss overpowers the thinking. The strength only comes when you are able to overcome that fear.
In this market since we deal in money, we must have a disciplined way of approach and able to sustain accordingly.
'Stops' are not fixed into any percentages but most of times they are based on the stocks you enter into. The stronger the stock the more confident you are.... So wiping out is out of question.
These are my views. Other membes may differ. You have your own choices...
Have a nice time of tradings....
cmak
MAy u see gud gains.
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