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onerighttrade
May 20, 2021 3:04 AM

FY21-22 Swing Trade Idea #37: Long on RELAXO  Long

RELAXO FOOTWEARSNSE

Description

This is a private swing trade idea. The idea is only for Learning and observational purpose and learn about proper risk management. We take a trade only when we are ready to lose the amount risked. Proper risk management is the core of trading and we focus mostly on it rather than on the trades. In case you take trades, the risk and responsibility is entirely yours. I would comment on any further updates on our entry, targets and stop-loss on this idea. You can post your queries in comment section and I will try to answer asap .

Trade active

Got entry. Trade is active

Trade closed: target reached

Target hit, trade closed successfully
Comments
taniakashikar
Now should stop loss be updated to 966 Sir?
onerighttrade
@taniakashikar, Why 966? I am not updating my stoploss for now. there are different types of traders and if you are one who likes to reduce risk as fast as possible ( I do that for intraday trades), then having stoploss below thursday's candle low is not a bad idea.
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