6 rs profit on RIL
I have my own exit policy. i take out 15 points (nifty) from the table. if it comes back to my entry price plus some allowed filter i re-enter again as long as 5 min stoch has not c/o . this way i get some neat profit out of every trade. i may miss some big trades but as per this w get more small trades than big trades. i got 17 rs profit on nifty long trade after 2:10.
i also got 1.5 rs in jpass and 6 rs in RIL
With stocks risk reward ratio is not favorable, but rarely SL is hit. if you enter exactly as per rules, the price wont come back after yr entry, its only the question of how much profit u get
I would just like to add a small point here. Dont close your entire position at +15. Close half of it and keep half open for whatever way you wana exit.
The reason is this:
If you remem, last week we had 1 trade worth +70 points and one worth +45.
That is equivalent to 8 trades of worth +15 points.Also, there were quite a few number of trades more than +25 points.
In the nutshell, the oppurtunity cost is high.
Keeping half the lots open will ensure you dont miss out on such moves and at the same time bring some regular points to ur pocket.
Just my opinion. Do let us all know how do you tweak it in real time.
Happy Trading