Risk - reward 1:2 + single entry ,stoploss & target no confusion .

[augubhai]

Raj,

Some of my bakwaas notes may perhaps be relevant...
http://www.traderji.com/trading-diary/88102-bakwaas-trading-3.html#post824962

 

[ashu1234]

Raj,

Some of my bakwaas notes may perhaps be relevant...
http://www.traderji.com/trading-diary/88102-bakwaas-trading-3.html#post824962

Interesting discussion...For day trade there's always temptation of eating the whole pie!, for positional trade in my case this temptation is restricted to great extent.

 

[rajsumi121]

sell crudeoil 2 lot @ cmp- 6100 stop- 6130 target- 6010 ( risk-reward 1:3 ) ...real trade .

 

[augubhai]

missed SL by 3 points

 

[rajsumi121]

sell crudeoil 2 lot @ cmp- 6100 stop- 6130 target- 6010 ( risk-reward 1:3 ) ...real trade .

again stop hit ..loss 6200 again ... now 1st time I am in net loss :clapping::clapping::clapping: ..

 

[rajsumi121]

+7300- 4200 = + 2100 after 20 trades ...... still in profit of net 2100 rs ..this is real power of money management - less trading & disciplined trading ... you can make 7 losses in row ..... but your losses are manageable . when we cut our loss fast we always win .:clapping::clapping::clapping: ..happy trading .

after 21 trade = +2100- 6200 = - 4100 after 21 trade :clapping::clapping::clapping:

 

[rajsumi121]

22nd trade - buy natural gas 2 lot @ cmp- 222.80 stop- 221.80 target- 227 ( very small risk ) .

 

[marimuthu13]

22nd trade - buy natural gas 2 lot @ cmp- 222.80 stop- 221.80 target- 227 ( very small risk ) .

where is thread owner and his followers (merhp)...

 

[maxg]

But actually the call was a good one. The positioning of the SL was not correct. If it had been around 1 rs lower then it was a nice trade. Natural gas made a high of > 228 sometime in the evening.

I think Mr Raj should think about the SL, sometimes it gets taken out by whipsaws.

Losing and Winning are a part of the learning while perfecting a strategy.

 

[rajsumi121]

buy silver mini 2 lot @ cmp- 40260 stop- 39960 target- 40860 .