Please comment with your valuable ideas for my Trading Strategy.
Trading The Markets profitably with consistant results in the long run is possible. I am using this thread to explain and share my trading with Fellow Traderji Members. Hope you will understand the Trading.
Foreword:
My Strategy is based on the following rules
1. Find low risk entry in a trending stock
2. Measure Risk Reward Ratio (RRR)
3. Decide Stop Loss (SL)
4. Measure Targets
5. Decide on number of lots to trade.
6. Enter the trade and watch carefully for pitfalls until trade is in the Money (ITM)
7. To follow money management rules
8 To follow the trade progress carefully
9 and most importantly to cut losses quickly in the loosing trades.
My Strategy
1. To find Stocks in a trend which are showing retracement.
2. Look for stocks with three to five days retracement and then look for entry above the previous days high.
3. SL is below the previous swing low and first target is the previous upswing units.
4. The margin required should be at the most 40% of total capital invested.
I will post my stock screens and my actual trade entries and exits and my feelings during the progress of trades.
Your comments will be highly appreciated. Lets start
Trading The Markets profitably with consistant results in the long run is possible. I am using this thread to explain and share my trading with Fellow Traderji Members. Hope you will understand the Trading.
Foreword:
My Strategy is based on the following rules
1. Find low risk entry in a trending stock
2. Measure Risk Reward Ratio (RRR)
3. Decide Stop Loss (SL)
4. Measure Targets
5. Decide on number of lots to trade.
6. Enter the trade and watch carefully for pitfalls until trade is in the Money (ITM)
7. To follow money management rules
8 To follow the trade progress carefully
9 and most importantly to cut losses quickly in the loosing trades.
My Strategy
1. To find Stocks in a trend which are showing retracement.
2. Look for stocks with three to five days retracement and then look for entry above the previous days high.
3. SL is below the previous swing low and first target is the previous upswing units.
4. The margin required should be at the most 40% of total capital invested.
I will post my stock screens and my actual trade entries and exits and my feelings during the progress of trades.
Your comments will be highly appreciated. Lets start
