tag:blogger.com,1999:blog-441270257889145227.post7801773922704189871..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 10062013SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-441270257889145227.post-39258941423478814892013-06-10T22:24:27.786+05:302013-06-10T22:24:27.786+05:30Anurag
We need to work a lot more on our exits an...Anurag<br /><br />We need to work a lot more on our exits and stops.It is very difficult to make money day trading if we allow full stop outs<br /><br />Think 2 full stop outs a day.<br />10+10 points 3+3 commission and slippage. Total 26. Even if you make 30 points on the last trade, there is nothing to take home.We will bleed to death with a thousand paper cuts.<br /><br />Currently working on it.<br /><br />ST<br /><br /><br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-80356064313897661092013-06-10T21:34:23.770+05:302013-06-10T21:34:23.770+05:30Anurag
Make use of price flips to manage the tra...Anurag <br /><br />Make use of price flips to manage the trades.Notice the minor consolidation above which I entered. On the way down I expected this area to act as support and it did for a while. Once it broke I lost hope.I gave a another chance to BRN to arrest the fall and moved my stop to 5899 and reduced the loss<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-83437831091029209772013-06-10T21:18:18.216+05:302013-06-10T21:18:18.216+05:30Pravin
Thanks for the visit and comment
It is ve...Pravin<br /><br />Thanks for the visit and comment<br /><br />It is very difficult to trade the Al Brooks way. You will do better with Lance Beggs style<br />http://www.yourtradingcoach.com/<br /><br />I have learned a lot from him<br /><br />ST<br /><br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-7961546883645619872013-06-10T21:11:09.898+05:302013-06-10T21:11:09.898+05:30Hi ST sir,
I went long at 1st BOF of BRN (the one...Hi ST sir,<br /><br />I went long at 1st BOF of BRN (the one that you scratched, I had kept my SL, just below the low of 10:39 candle at 5886. Price was not moving towards IRH (my target) but was well established above BRN/PDC, so just hung up with the trade, but was stopped out. Sir, wen did you decide to scratch the trade?Anuragnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-62062669503298636862013-06-10T21:00:55.646+05:302013-06-10T21:00:55.646+05:30Thanks ST for having such a wonderful blog and upd...Thanks ST for having such a wonderful blog and updating on regular basis. I came to know about the blog from one of your old thread on traderji. I have recently started following PA action based on Al Brooks book, still there is lot to learn as the book is very difficult to follow. I am sure to learn a lot from you as well. <br /><br />Regards,<br />PravinGuruhttps://www.blogger.com/profile/08148658420992798504noreply@blogger.com