how do i know where nifty will go !
TV boys gives SL , TGT buy/sell calls ....they can see things in a magic mirror. :rofl:
I accept , i am blind brother.
My SL is a trailing SL .... it will go up if nifty moves up (no one knows if another thousand point jump in next 3 months is waiting in the corner.
If nifty hit SL and my system generate a sell signal ... i will go sell and Still then i will not know where it will go , i will be trailing a bear Nifty by SL. (no one knows if another 1000 point dip is awaiting just in the corner !)
All i know is how much i can loose in one trade. like last day i booked 25% profit out of 50% position , why ! ..just to earn the SL amount from the market !I do not know if today nifty will hit my sl or not , but i am ready.
Do not worry , i will be posting my SL , which changes everyday. If you start to trade , you will see once Nifty gives a rally (either bull or bear) , your profit will be protected with SL.
Thanks for writing in my thread.
Happy trading