Around 11 o'clock today Nifty was down 2%, today being one of the biggest stop loss hunting day.
Nifty metal was down nearly 2%.
My various stop losses triggered some at minor profits , some at breakeven ,some at small losses.(To name a few UPL.Hindalco,Jindal steel.ITC,SBIN,Divis lab,Adani green.)
But only one last trade I was carrying since morning is HINDZINC because it was trading at a flat level around that time.This shows relative outperformance compare to broader .As a trader you only need one such trade which shows outperformence you don't require multiple to being profitable , one such outperformer is enough to recover all your losses during such a volatile day.
Now I'm booking 50% of my profit and reenter at 290 level for a target of 310.
Please follow me and motivate me and learn key concepts of the stock market via my posts here and become profitable yourself.
.....................................................................................................
Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners
Nifty metal was down nearly 2%.
My various stop losses triggered some at minor profits , some at breakeven ,some at small losses.(To name a few UPL.Hindalco,Jindal steel.ITC,SBIN,Divis lab,Adani green.)
But only one last trade I was carrying since morning is HINDZINC because it was trading at a flat level around that time.This shows relative outperformance compare to broader .As a trader you only need one such trade which shows outperformence you don't require multiple to being profitable , one such outperformer is enough to recover all your losses during such a volatile day.
Now I'm booking 50% of my profit and reenter at 290 level for a target of 310.
Please follow me and motivate me and learn key concepts of the stock market via my posts here and become profitable yourself.
.....................................................................................................
Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners