@Varun2703, Risk Management is first. Trade comes later. Small SLs are good as long as there is no loss; one time there will be one home run :)
kacharts
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@Varun2703, nothing like volatile.. very strong uptrend.
never try to catch a falling knife and a rocket as well in both case chances of loosing is high
Amit_Ghosh
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@KumarAbhilash, What you are missing is. If you win 20% of them and lose in 80% of them. You will make huge money. Because when they revert correctly. One blow makes them all. Risk management is the key.
kacharts
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@Amit_Ghosh, ok now as u have taken word IF as a base , i will say in a trending stock if u try to go against trend however good ur in risk management , lets just say ur sl is just 1% of ur trade size , still 90% chance is to hit sl in 9 trade out of 10 trade . so ultimately u will loose 9% .
in the end its my view and yes i can be wrong , but i beleive one shall never go against the wind direction to achieve maximum result.
Amit_Ghosh
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@KumarAbhilash, My stop loss is not 1%. My key is I update the stop loss to the cost immediate. That limits my adventure of loss anyway. If you see the charts I tag "HP" all I am doing is shorting a rocket but my win ratio and profitability are working just fine.
Breakout Trader and Mean Reversion Trader will always be a different type. Mean Reversion always says - Nothing can go up like a tower but doesn't say short the tower when the tower is forming haha. My task is to betting on where the tower crash. Because it always does to a tune.
Amit_Ghosh
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The way people do stop loss and target is totally incorrect. Why 1% stop loss? This trade is based on price action. Stop loss should be at the support or resistance. Example - Falling like tower and stopped. You bet against the trend and tower crashed (here it reverse crashes though haha)
rajeshmass
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1400 now
Amit_Ghosh
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@rajeshmass, Very risky trade. You can always jump with a stop loss but update the cost to trailing stop loss immediately on slight profit.
Amit_Ghosh
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@rajeshmass, Update the stop loss to cost now and let it ride.