Reason for long
a) w pattern formation
SL compulsory
Most of fist 15 days of september month trades went to hit SL. Now success ratio of sep month is only 37%. but only good thing is money is not blocked in hoping the price to reverse.
Learning are
1. Trade only 2 or 3 script per week; so that time optimization will happen and will escape form continueous down trend or side trend.
2. Trade only branded and well known stocks instead of penny stocks: if unknown or penny stocks appear good, then investment qty to be half of usually amount.
3. Identify the sector rotational stock; most of the stock that in that sector should be up; then take that trade in real time for high probability of success.
4. Trade breakouts so that target will be achieved faster instead of reversal.
a) w pattern formation
SL compulsory
Most of fist 15 days of september month trades went to hit SL. Now success ratio of sep month is only 37%. but only good thing is money is not blocked in hoping the price to reverse.
Learning are
1. Trade only 2 or 3 script per week; so that time optimization will happen and will escape form continueous down trend or side trend.
2. Trade only branded and well known stocks instead of penny stocks: if unknown or penny stocks appear good, then investment qty to be half of usually amount.
3. Identify the sector rotational stock; most of the stock that in that sector should be up; then take that trade in real time for high probability of success.
4. Trade breakouts so that target will be achieved faster instead of reversal.