Yesterday swing trades set up executed today and ONGC and RELIANCE exited with loss. That's the rare scenario created by very high volatility due to BUDGET announcements.Every trade has to go through this type events and we have to be ready for it.Our trading system edge should nullify effects of this events over good no. of trades.
I have updated this trades in my swing trading journal.
Swing trade set up for 02/02/2018.
ADANIPORT
BUY ABOVE 433.15
STOPLOSS: 414.45
TARGET 1: 451.85(TAKE ENTRY AS SL)
TARGET 2: 470.55
I have updated this trades in my swing trading journal.
Swing trade set up for 02/02/2018.
ADANIPORT
BUY ABOVE 433.15
STOPLOSS: 414.45
TARGET 1: 451.85(TAKE ENTRY AS SL)
TARGET 2: 470.55
HINDPETRO
SELL BELOW 390.1
STOPLOSS: 409.8
TARGET 1: 370.4(TAKE ENTRY AS SL)
TARGET 2: 350.7
1.Short selling is not allowed in Delivery. So, SELL trade are only for who has stock in their demat account.(you can repurchase stock as target or stoploss hit). This is called churning of portfolio.
2.Use data for option trade set up.
VALID ONLY IF PRICE CROSS ENTRY PRICE ON SAME DAY.
IF NOT THEN SET UPS BECOME INVALID TO TRADE.
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