hello
i trade on 5 min tf . i have few queries
1) is it really feasible to scale up a winning position in intraday trading ?
2) what should be the minimum risk to reward ratio for intraday trading . suppose i trade sbi in intraday and my max loss per trade is say 500 rs. depending on my capital of say 50000.00 . based on my experience with charts i decide that sl should not be more than 10 rs. so i buy 50 shares. suppose the position goes in my favour for rs 5 . should i go for partial booking or not . in this case let us suppose that position goes in my favour by 9 rs. and then retraces to cost . what should i do or that what is a reasonable course of action . fear and greed is playing here.
suppose i also have a third condition that if any position which goes rs 5 in my favour and in such case i will shift sl to cost or reduce my sl by 5 points.
is it really good to have an exit strategy before hand in the event i get in any trade.
3) if i decide to book partial profits ie scalling down a winning position -- what should be minimum risk to reward ratio which i should target and how much of the position should be partially booked.
hope that forum members will share their valuable insights .!
i trade on 5 min tf . i have few queries
1) is it really feasible to scale up a winning position in intraday trading ?
2) what should be the minimum risk to reward ratio for intraday trading . suppose i trade sbi in intraday and my max loss per trade is say 500 rs. depending on my capital of say 50000.00 . based on my experience with charts i decide that sl should not be more than 10 rs. so i buy 50 shares. suppose the position goes in my favour for rs 5 . should i go for partial booking or not . in this case let us suppose that position goes in my favour by 9 rs. and then retraces to cost . what should i do or that what is a reasonable course of action . fear and greed is playing here.
suppose i also have a third condition that if any position which goes rs 5 in my favour and in such case i will shift sl to cost or reduce my sl by 5 points.
is it really good to have an exit strategy before hand in the event i get in any trade.
3) if i decide to book partial profits ie scalling down a winning position -- what should be minimum risk to reward ratio which i should target and how much of the position should be partially booked.
hope that forum members will share their valuable insights .!