New Intermed Uptrend!!

roneeth · #**781** 20th September 2005, 01:06 PM

Hello Saint !

If time permits could you please discuss the method of Placing Trailing Stops on Short and Long Term Trading. Please Suggest suitable books where one can find the VariousTechniques for the Same.

Regards

Roneeth

Saint · #**782** 20th September 2005, 01:09 PM

Shall do,Roneeth........give me time till the end of the day!

Saint

roneeth · #**783** 20th September 2005, 01:12 PM

Quote:

Originally Posted by saint

Shall do,Roneeth........give me time till the end of the day!

Saint

At the Weekend Also will be fine.

Regards

Roneeth

phoenix · #**784** 20th September 2005, 01:41 PM

Hi Roneeth,

Just to highlight afew articles that may be of help......

Quote:

How to exit a successful trade!

Do you stay with your profitable trades as long as possible because the trend is likely to continue and make your profits even larger?

This is easy to understand but not so easy to do when real money is involved. The difficulty is that although your profit may become much larger if you stay with a trade, it may also decrease and even disappear. Human nature is such that it values a sure profit much more highly than the probability of a much higher profit. Thus, traders are inclined to take their profits too soon. This can be fatal to long-term success because big profits are necessary to overcome the inevitable collection of small losses.

There is a good way to let profits run while still guarding against the possibility that prices will turn around and take away much of your accumulated profits before the trend actually reverses. It is called a trailing stop. You include in your plan a method for moving an exit point along some distance behind your trade. As long as the trend keeps moving in your favor, you stay in the trade. If the market reverses direction by the amount of your trailing stop, you exit the trade at that point. You would also offset your trade and reverse position if the trend reversed.

One way to set a trailing stop is to protect a certain percentage of the accumulated profit. That will always insure that you keep some profit on a good trade.
__________________
Best Wishes!

Traderji

www.Traderji.com

Quote:

Article by Saint on 22nd July
SESA GOA---flying today.Doing great.........

I hope that people new to the market and are interested in the tech.aspect of the market as well.....hoping you guys have at least EOD Charts,if not intraday.
If anyone is interested,just pull out your EOD charts of SESA GOA-Daily Charts.Sesa Goa made a top of 882 on March 8th,after which it's had a long pullback.It made a pivot low on March 23rd at 705,then on Apr 18th another pivot low at 651,another pivot low of 635 on May4th,May 26th-it touched a new pivot low of 611,and again a new pivot low at 569 on June 13th.
As Sesa Goa makes these lower pivot highs and lows,what do we do?Nothing.....we sit on hands and wait.We do not buy in anticipation,we do not guess the bottom.....we simply wait!
Then on June 30th,it made a pivot low of 577......it has just made its first higher pivot low.Are we in an uptrend?No....not yet.If you are a bit aggressive,you can take some here with a stop loss just a few Rs below the previous pivot low.....i.e569-3=566.
If you are not comfortable that Sesa Goa has not given a clear Buy Signal,you are absolutely right........nowSesa Goa moves up and takes out the previous pivot high at 619.Now the BUY SIGNAL has been triggerred....Entry at ,maybe 621-622,with a stop loss now at 577-3=574(why 577=coz that's the previous pivot low,the 3 is to give it some room and to not get thrown out of a trade d/t some volatility that day).Now on July 14th,the stock pulls back to 643 and starts to rise again.....where's our stop loss now,still 574.Now Sesa Goa moves up and takes out the previous pivot high of 715......now we raise the stop loss to 643-3=640(643=previous pivot low).
We therefore get to stay in the trade........and although Sesa Goa is at 726,the money that you are sure of in your pocket is only from 621 to 643...you are now in clear profit though,this trade is adefinite winner,then as the stock makes higher pivot lows,we get to raise the stop loss.....the more we raise our SL,the more money we are sure off from this trade....we keep doing this till we are stopped out.
We can therefore make money by just going with the flow.We may not know a thing about any indicators,although they do help us.Just looking at a price chart,with pivot analysis,and probabaly a few patterns will earn us big time,my friends.Hope this helps a few of you who are starting out......

Wishing you the very best!
Happy Trading!
Saint

Phoenix

roneeth · #**785** 20th September 2005, 01:49 PM

Hello Phoenix!

Thanks for Searching and finding these posts.

Regards

Roneeth

ssnkumar · #**786** 20th September 2005, 02:00 PM

Quote:

Originally Posted by phoenix

Hi Roneeth,

Just to highlight afew articles that may be of help......

Phoenix

Is there any link where we can get the EOD charts/details for the past couple of days?

-Narendra

Saint · #**787** 20th September 2005, 07:41 PM

Quote:

Originally Posted by ssnkumar

Is there any link where we can get the EOD charts/details for the past couple of days?

-Narendra

Hi Narendra,
Sorry,my friend,no idea.....

Saint

ravi t · #**788** 20th September 2005, 07:50 PM

Quote:

Originally Posted by saint

Hi Narendra,
Sorry,my friend,no idea.....

Saint

hii saint
how are you doing my freind? the bug is still in or you had kicked it out???

regards
RAVI T

Saint · #**789** 20th September 2005, 07:55 PM

Quote:

Originally Posted by ravi t

hii saint
how are you doing my freind? the bug is still in or you had kicked it out???

regards
RAVI T

Hi Ravi,

Bug still in........

.But overall feeling better

......Ravi,you started this bug thing ,then Amit,myself,nkpanjiyar......

Hope you are fine now and rearing to go!!

Saint

naga2054 · #**790** 20th September 2005, 08:04 PM

Saint!..
I couldnt understand todays Titan Move.. Any reason.. or just a coincidence.. The volume came in early but there was no FollowuP.. and then there was the final drop to the opening price , mostly might be the day Traders..
Is that to it.. or nething more..?

And about Garden Silks.. got in at 87.90 yesterday.. shall i hold on to it..?

Also pls. look at SRF - made good moves today..

India Infoline has got back its losses.. ne call on that..?

Nagzu

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