nadodav your system is good but you have lost a large amount of your profits, you should consider the use of a trailing stop to lock in profits, once the trailing stop is hit exit and wait for the next signal. As Saint says money missed is better than money lost. It is sad to see you give back a large chunk of your profits after all the work and dedication you have put in.
Dear Marcus,
In case of my system, i never expect to get full profits of any trade. i expect 50 to 70% gain of the trade. When i took long, i was prepared to loose 400 to 500 points. as far as locking of profit is concern, we can use nifty options instead of changing system whenever we have large amount of profit. If i use to exit position on trailing stop and wait for next signal than some time we miss early entry. so as a system, i want to take all the trades and whenever need arises, i can use options to hedge and lock profit.
Pl check msg no. 209 on page 21, in reply to your question, i have said -
" we can buy Nifty ATM call right now to protect profit. " so if one had purchased ATM call at that time, i am sure all profit should have locked. but question remain is at which point you lock your profit ? because you never know how long the trade will last. Nobody have imagined that, this trade will go till around 1300 points M2M profit. so there are both the chances either you can lock profit or you can misses some gain of existing trade if market does not go in your favour.
Ultimetely it is perception, you may feel that we have lost large chunk of profit, while i feel that, i have gained 966 points in that trade which is largest profit making trade till date.
Vinod
