Gangaji,
The levels you gave that day was in fact very good.
Nifty was trading below the Pivot and the targets given are perfect.
Stop was also some points above the Pivot.
But I guess to shake out the short build ups markets moved swiftly giving no time for the bears to cover their shorts and triggering the SL came back again to the original level like an innocent child
How to avoid Stop lose - Is there any way to predict the market's movement like that ?
I made a quick scalp of 9 points with your short call
Best Regards,
JK
The levels you gave that day was in fact very good.
Nifty was trading below the Pivot and the targets given are perfect.
Stop was also some points above the Pivot.
But I guess to shake out the short build ups markets moved swiftly giving no time for the bears to cover their shorts and triggering the SL came back again to the original level like an innocent child
How to avoid Stop lose - Is there any way to predict the market's movement like that ?
I made a quick scalp of 9 points with your short call
Best Regards,
JK
The main question is not : How to avoid stop lose. As this is not possible all the time, you better ask this :
How many time in a row can I take a stop lose compare to my trading account ? Doe's my money management include such cases or do I always put in the maximum risk I can afford, when taking any position in the market ?
DanPickUp