Going With The 60min Flow!!!

[rakeshluthra430]

Did only 3 adds right + 1 previously?

Yes...Main Short enterd on 23 Sep...and adds on 25, 26 and 29 Sep. On charts..the figures where these were entered would be obvious to you.

Rakesh

 

[AmritaBasu]

I entered my first nifty lot at 3992 thanks Sam.

 

[SamFisher]

NIFTY
Now the risk points actually increased from around 146 to 199 right?
Hari.

Just an advice to Hari and any newcomers entering trade,
Since this is a positional trade there is always a risk till your SAR crosses the point where your actually entered the trade (AVE Price of entry). So even if today markets are up, that does not yield you any money since your stops are lower than price at which bought. So its very important to keep the lot size low so that you build the profit slowly then when comfortable with the risk take additional add. (Do not jump into adds).
I always think current trade is a loss then see if I will be ok with that, only based on that I will add etc.

Just a caution (Ever since I started trading I had profitable trades, thanks to SAINT for his wonderful tool and guidance. Not to forget all the seniors juniors contributing and running the system)

 

[SamFisher]

I entered my first nifty lot at 3992 thanks Sam.

Goodluck Amita and welcome to the class!

 

[KomaL2099]

NIFTY
Now the risk points actually increased from around 146 to 199 right?
Hari.

in terms of percentage risk/loss is reduced.

 

[Saint]

Just an advice to Hari and any newcomers entering trade,
Since this is a positional trade there is always a risk till your SAR crosses the point where your actually entered the trade (AVE Price of entry). So even if today markets are up, that does not yield you any money since your stops are lower than price at which bought. So its very important to keep the lot size low so that you build the profit slowly then when comfortable with the risk take additional add. (Do not jump into adds).
I always think current trade is a loss then see if I will be ok with that, only based on that I will add etc.

Just a caution (Ever since I started trading I had profitable trades, thanks to SAINT for his wonderful tool and guidance. Not to forget all the seniors juniors contributing and running the system)

Great stuff,Sam....

Saint

 

[TFL]

Just an advice to Hari and any newcomers entering trade,
Since this is a positional trade there is always a risk till your SAR crosses the point where your actually entered the trade (AVE Price of entry). So even if today markets are up, that does not yield you any money since your stops are lower than price at which bought. So its very important to keep the lot size low so that you build the profit slowly then when comfortable with the risk take additional add. (Do not jump into adds).
I always think current trade is a loss then see if I will be ok with that, only based on that I will add etc.

Just a caution (Ever since I started trading I had profitable trades, thanks to SAINT for his wonderful tool and guidance. Not to forget all the seniors juniors contributing and running the system)

You mean donot add(add1 2 and 3) when priviots are taken out

 

[SamFisher]

I entered my first nifty lot at 3992 thanks Sam.

In case if any one wondering WHY THANK SAM!!
Amita sent me a PM to guide her to enter the trade and I just guided her little bit. So....
And the real thanks to Saint and countless contributors here .

 

[SamFisher]

You mean donot add(add1 2 and 3) when priviots are taken out

No not at all, add as the system prompts but keep track on risks too, Assume that after adding the new adds if you loose the trade(SAR hit) will that amount be OK to loose? If so add otherwise do not. Better to 'loose less' than 'getting more proft'.

 

[TFL]

in terms of percentage risk/loss is reduced.

The percentage risk % only lowers while adding if we are taking 0% leverage.
Say,

If nifty buy price is 4000 (Entry for long) and added at 4100,4200,4300

Then we need,
200000 While entering trading
405000 on ADD1
615000 on ADD2
830000 on ADD3

Then the risk will actually reduces "most times"