Nifty ! Nifty ! Nifty ! Logs....

[gkpc]

Exited the last lot at 5936.60
Have to go on urgent work.... must leave the terminal and charts.

 

[rkkarnani]

Exited the last lot at 5936.60
Have to go on urgent work.... must leave the terminal and charts.

Your urgent work saved you a few points!! Your SL at cost wud have been hit !

 

[gkpc]

Todays trades :
1 lot shorted at 5831.80
3 lots shorted at 5819.8

Covered 1 lot at 5814 Holding 3 shorts !

 

[gkpc]

Sideways !!!!

 

[gkpc]

Broke the LOD by a whisker and again remaining above in a narrow range !

 

[gkpc]

Low 5805, but still cannot move TSL to cost !

 

[jamit_05]

Todays trades :
1 lot shorted at 5831.80
3 lots shorted at 5819.8

Covered 1 lot at 5814 Holding 3 shorts !

What is your Stop Loss for the above trade? I may be able to point out a major modif.

 

[rkkarnani]

What is your Stop Loss for the above trade? I may be able to point out a major modif.

At present : 5858.55, right Gautam

 

[gkpc]

Jamit, My SL is at >5859
Whats your thought on it!

 

[jamit_05]

At present : 5858.55

1 lot shorted at 5831.80
Covered 1 lot at 5814 Holding 3 shorts !

In that case, you gained 17 points, whereas you put 27 points on the table. That is a very low RR. Considering the expense, it is near 0.50R

This will make your job difficult.

You should Trail Stop and extract atleast 1R for partial 25% booking. Net return per trade should atleast be 2R.