General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Dunno, i have not seen any discretionary rule for this, ST can advise.
One possibility is to judge the strength of trend (after few BOs) to decide whether you want to trade the trend. So maybe look at VP swings' angles, Look at BO Extension/Pullback strength, ST gaps, Simple HH HL, Are ERLs holding?, Late WRB away from BO point?(avoid). In slow channellish trends with small BO extension, we can maybe avoid late entry. But better have clear rules else discretion can become hesitation for newbie traders like us.
I have some problems too in entering into trend once it has moved decently. By rule we should use all BO. Many times it moves some and then takes my aggressive SL and then i hesitate. So what i will maybe try is to have partial Targets when entering late - and use adds if trend continues.
One possibility is to judge the strength of trend (after few BOs) to decide whether you want to trade the trend. So maybe look at VP swings' angles, Look at BO Extension/Pullback strength, ST gaps, Simple HH HL, Are ERLs holding?, Late WRB away from BO point?(avoid). In slow channellish trends with small BO extension, we can maybe avoid late entry. But better have clear rules else discretion can become hesitation for newbie traders like us.
I have some problems too in entering into trend once it has moved decently. By rule we should use all BO. Many times it moves some and then takes my aggressive SL and then i hesitate. So what i will maybe try is to have partial Targets when entering late - and use adds if trend continues.
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In day trading we come to know that we are in strong trending day after 60-90 minutes from the start.By that time if we have booked part profits, then we can hold the remaining and on shallow corrections add say 1/3 red position in such a way that the entire position is not at risk.Strong trend days give 3-4 such chances particularly in the afternoon session when the trend accelerates.Add more aggressively in down moves than up moves as down moves are fast and steep and they don't give too many opportunities to add but up moves are slow and they give more opportunity to add. With 2 adds if you hold the position till the end of the day it should give good profits as strong days tend to close at or near the low in case of downtrend and high in case of up trends.VWAP gap also gives indication that the move is likely to speed up due to covering by traders trapped in opposite side trades.
Smart_trade
Smart_trade
Equity MF inflows hit 21-month low at Rs 2,522 crore in Feb
Equity mutual funds witnessed inflows worth Rs 2,522 crore in February, the lowest level in the last 21 months, mainly on account of weakness in stock markets.
Read more at: http://www.moneycontrol.com/news/ec...-crorefeb_5787061.html?utm_source=ref_article
people do opposite, more inflows at 9000, outflows at 7000 :rofl:
Equity mutual funds witnessed inflows worth Rs 2,522 crore in February, the lowest level in the last 21 months, mainly on account of weakness in stock markets.
Read more at: http://www.moneycontrol.com/news/ec...-crorefeb_5787061.html?utm_source=ref_article
people do opposite, more inflows at 9000, outflows at 7000 :rofl:
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