Hey Guyz,
I am back with the dilemma of life…. This time I m in need of guidance from the perspective of money management or trade management.
What do we do when trade is not going in favor of your analysis and neither it is hitting stop loss? Shall I get out of it with minor loss especially market is at the stage wherein it can have explosive move either side? I have been holding FDC for last 20 days or so and it is not hitting stop loss and neither moving upward. I m at loss of around 1 rs per share including brokerage… shall I get out of it?
I am a short term trader and usually hold position for couple of weeks... however, I have enuf capitalization to hold position further.
This wud help many other immatured traders like me... mostly we not so experienced traders struggle with money/trade management...
Need Help,
Apurv