Short futures when that dotted line breaks. Stop loss is day's high. Its pretty basic price action.
Please learn it yourself instead of expecting other people to write the same stupid thing of entry and stop loss.
There will be different dynamics of choosing PE. For ATM it is different and for OTM it is different.
SO close that PE when the day's high break irrespective of premium. And it was intraday trade which is already done. Do not do anything now.
ankurgupta94
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@Amit_Ghosh, Bhai I have already shorted at 580 timing 12 pm and put stop loss at day high. but if you see chart day high stop-loss was hit during 1 pm.
I know price action just due to the stop-loss problem got a loss on it. otherwise, it could have been in profit side.
Amit_Ghosh
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@ankurgupta94, Thats why I wrote "Re-entry". Because first entry got screwed. See comments.
Its at 18K profit. I closed in morning
NRML HCLTECH MAR FUT NFO
0 0.00 567.85 +18,970.00 0.00%
ankurgupta94
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@Amit_Ghosh, Yeah but before your comment, I already took position ..Nevermind Just for the future tries to explain stop-loss too in your dotted line style
Amit_Ghosh
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@ankurgupta94, I will not try to explain anything. It's waste of my time.
It is not my job. It's your job not to follow some rampant people like me online and put your money in their views. At the end, it is your money which burns.
First trade stop loss hit.
That's why I wrote rentry in the comment and re-entered back.
The only thing that matters to a person is how much he himself made.
ankurgupta94
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@Amit_Ghosh, This is the reason no one comment or like your post because you don't have time to tell proper knowledge but have time to post half-knowledge and comment on people comment... Sorry to say I am unfollowing you now and stop posting shit when you don't have enough time.