sometimes it hits the stoploss and then the target .. thats my problem
sir i'm an amateur to commodity trading ... where can i learn risk management .... is there any tutorial videos are something ...?
thanks for the reply
Hello,
see I personally didn't trade indian commodities...(reason..these markets are not continious).
my suggestion.... if ur an amateur don't trade commodities instead trade stocks/equities....that too with 10% of ur intended trading Capital...as u gain experience raise ur Trading Capital......
when comes to Risk-management/Position Sizing u can watch youtube videos
to get the idea and adapt one of the technique that's suits ur Psychology.
ur trading normal Technique(nothing wrong with this)....to be a successful trader u have to have an edge....and it will come only with experience not with any indicator(may be sometimes how uniquely u use ur indicator).
what ur saying is normal behaviour of market....it will sometimes hit ur stop and reverse..its common so don't worry....and by the way targets(T1,T2,T3) never works they will always confuse u while ur exiting the trade.
The classic rule of markets "Cut ur losses short... and let ur profits run"...but its not easy to do....u can only do when ur experienced...and take ur losses logically without fear...don't blame entry point's(no matter how precise ur entry is u still going get losses)....concentrate on exits.
Regards,