Intraday Profit / Loss MGM

@sherbaaz

Hi , do you have any indicator that tell trend exhaustion , or reversal might occur , other than waiting for DOJIS to occur ? or Do you have any book that explains how to ride a trend ???? Any psychological material is welcomed

@sharas
hi,
so one should have a fix tgt . If it gets hit One should leave the script right ? how do you exit your trades , if u dont mind sharing

@time pass

Hi ,
How can one ride the trend ?? I use MACD + RSI . thats it . How can one judge that this "123" profit is enough for my investment . I mean should there be any % return on investment ? Like 10 % , 30 % , 50 % return ? Is there any indicator for trend exhaustion. ?

Indicators for trend reversal might be very helpful I think .!

@sharas
hi,
so one should have a fix tgt . If it gets hit One should leave the script right ? how do you exit your trades , if u dont mind sharing


@Wabuf
I generally trade using the 3-15 for stock futures and 8DEMA for Nifty futures. either case, i generally take a position of 2 lots and my SL with both methods shall vary from 0.5% to 0.75%. So i book the profit on lot1 at 1% and lot2 at trend reversal

3-15 i have learnt from Saint teaching and 8DEMA from Gopi & Timepass (Thanks a lot guys :thumb: )

Hope this helps

Add 50 on your rsi nd determine a trend when your RSI crosses 50 line

Always maintain good risk/reward ratio for whatever strategy you use.
...... but I am sure you would have also saved huge losses in few other trades which would have happened if you would have hold them for longer period.

Try Money Flow Index and ADX also.
.....

Todays trade problem