clarification on day trading...

#1
one of the website site mentions, as below

1. Book 50% profit when the recommended stock gives 1% profit and modify your stop loss to cost.

( Example: Buy ONGC @ 600 Target 616. Stop loss 593. In this call you need to book 50% at 606 price level.Then you need to modify your SL to cost 600.)

2.Wait until our recommended target. If the target reached offload your remaining 50% stocks. If the stock going against our direction close your position at cost.

AS a beginner, I am unable to understand fully. can anyone help me out...

thanks in advance. kandan
 

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