Pattern Trading [Actual trading, not educational]

sunny_cool

Well-Known Member
#46
Follow up on VIP,BATA, SBI & SURAJ DIAMOND

VIP & BATA :- Let these run, as these are going in our direction. Use trailing SL.

SURAJ :- SL Hit already

SBI :- Lets learn some good & important things from this script after what happened to this script today
OPEN - 2014 DAY HIGH - 2018 DAY LOW - 1852 CLOSE - 1862

1. **Never let your winning position change to loosing position.
2. SL should always be at place whatever the condition may be.
3. Try closing your position with trailing SL, this will make sure you don't loose once you get in winning position ( I prefer this way )

EXPECTING COMMENTS & ADDITION TO LEARNING FROM SENIOR MEMBERS ON THIS KIND OF SCENARIO.
 
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rammmeo

Active Member
#48
Excellent work sunnybhai
what i would like to ask is that when u feel stop is gone a head downwards wht u take poistions on i mean on options or futures
 

sunny_cool

Well-Known Member
#49
Excellent work sunnybhai
what i would like to ask is that when u feel stop is gone a head downwards wht u take poistions on i mean on options or futures
I didn't get your question properly...though get part of it...
I take position in cash if i have to take long position & for short position I go with future

Option is big NO for me...doesn't suit my style ( truth is that I lost much in options :p)



Follow up on open positions :-

BATA from 724 to 653 - Watch closely the TL if it close below the TL then more downside can be seen, use SL 669 on closing basis.
APOLLO TYRE :- going in our direction so following it with trailing SL.
 
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rammmeo

Active Member
#50
I didn't get your question properly...though get part of it...
I take position in cash if i have to take long position & for short position I go with future

Option is big NO for me...doesn't suit my style ( truth is that I lost much in options :p)



Follow up on open positions :-

BATA from 724 to 653 - Watch closely the TL if it close below the TL then more downside can be seen, use SL 669 on closing basis.
APOLLO TYRE :- going in our direction so following it with trailing SL.


thanks for the reply sunnybhai
so for short u get in future rather than options
any specific reasons other than u mentioned for not getting into options
thanks in advance
 

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