Trading for living

[praveen taneja]

Hi bro,
I am a new bee I went for short position two days back for 104.35.

Now its 106.5.

Suggest me what i have to do now. should i have to average.

or shuld book loss.

Thanks

never average a losing trade when pocket and knowledge is not so deep if cant wait book loss

Sorry for entering in others querry

 

[mcxinvest]

Hi bro,
I am a new bee I went for short position two days back for 104.35.

Now its 106.5.

Suggest me what i have to do now. should i have to average.

or shuld book loss.

Thanks

If you can, Wait till 107. as you s/l.

If not, Can go as per my call.

I dont recommended averaging. Also, always trade with a proper stoploss.

Do u have any base/stratergy for your trades?

 

[sureshrk]

never average a losing trade when pocket and knowledge is not so deep if cant wait book loss

Sorry for entering in others querry

thanks bro.. but loss amount is 11k..

 

[sureshrk]

If you can, Wait till 107. as you s/l.

If not, Can go as per my call.

I dont recommended averaging. Also, always trade with a proper stoploss.

Do u have any base/stratergy for your trades?

I am not using any strategy for my trade..

It was a call from my broker but there was stop less mentioned at 105.35, I failed to use it

Bcoz the updates in moneycontrol said "the price will go down in couple of days"

 

[mcxinvest]

I am not using any strategy for my trade..

It was a call from my broker but there was stop less mentioned at 105.35, I failed to use it

Bcoz the updates in moneycontrol said "the price will go down in couple of days"

Mistake
1 ) You didn't put the stop loss recommended by your broker.

2 ) You clubbed two analysis together. Its like your one leg is in one boat and the other one in other boat. Pick up anyone.

Sorry, to point out the mistake, But do take it positively and learn from it.

 

[mcxinvest]

thanks bro.. but loss amount is 11k..

If lead trades abv 107 after 8.30, than i would recommend you to exit.

 

[sureshrk]

Mistake
1 ) You didn't put the stop loss recommended by your broker.

2 ) You clubbed two analysis together. Its like your one leg is in one boat and the other one in other boat. Pick up anyone.

Sorry, to point out the mistake, But do take it positively and learn from it.[/Q
u are right.. came out from my position @ 107.10.
Will take new position as per ur post and I ll stick with it.

Thanks a lot..

 

[mcxinvest]

u are right.. came out from my position @ 107.10.
Will take new position as per ur post and I ll stick with it.

Thanks a lot..

If you have the loss capacity of 40000, then do follow my post.( refer to post no.1)

No one in the world has a only profit making strategy. Its only the displine and money management makes a winner come out .

 

[mcxinvest]

Buy Lead @ 106.30 s/l of 105.40

Exit @ 106.65(CMP)

Profit : 1750/-

Cumulative P/L : P 10250/-

 

[sureshrk]

If you have the loss capacity of 40000, then do follow my post.( refer to post no.1)

No one in the world has a only profit making strategy. Its only the displine and money management makes a winner come out .

Yes I will. But let me stick with leadmini as my investment is 50k.