Exit strategy - Stop Loss

M

mmuralifolio

New Member
#1
#1
Hi,
I been trading in market for a while. One thing always makes me crazy is my trailing stop loss will always hit and the stock will go around to its original place whipping all my profits:mad:. Yesterday also it happened. I place a trailing stop for praj Industries on 163 and my profit was 6% yesterday the stock went down to 162.22 and came to its original price (close price : 171.10). Is there any specific rule to keep the stop loss:confused:. Please throw some lights on this.

Thanks,
Murali
 
S

sillu_m

Member
#2
#2
mmuralifolio said:
Hi,
I been trading in market for a while. One thing always makes me crazy is my trailing stop loss will always hit and the stock will go around to its original place whipping all my profits:mad:. Yesterday also it happened. I place a trailing stop for praj Industries on 163 and my profit was 6% yesterday the stock went down to 162.22 and came to its original price (close price : 171.10). Is there any specific rule to keep the stop loss:confused:. Please throw some lights on this.

Thanks,
Murali
Click to expand...
for daytrading on such a volatile market book profit as soon as possible. Try to put stop loss above ur buying price e.g u buy dlf at 850....and then it moves to 865 u can put stop loss near 861.....many times on coppy day stop loss get trigered
 
V

Vlad

New Member
#3
#3
Well, I have empirically tried different settings for a trailing stop-loss strategy, but the results were not good.
It seems that there are no evidence that this strategy produces profitable results. In fact, this strategy has produces worse results than a simple buy-and-hold strategy on average.
There were NO percentage settings that produced better results than a buy-and-hold strategy!


/Vlad
 
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