Let us say entry was seen based on some signals at Rs 300 and we assumed the SL to be 296 as the near low/support/indicator based. Now if the market closed at 298, we should EXIT with loss. And not wait for the SL to be hit the next day/or day after. Also an exit is made if the indicator which gives the signal gets negated, whatever the value the closing is. The carry forward is allowed only in case the closing price is above 0.5- 1.0 percent (as only this will pay for the extra brokerage one pays for CF) above buy price and indicator on day charts also concur. In case of an EXIT, Once again we look for entry the next day, as long as it is above the SL price............ and entry signal is on as per our indicators. Try this in a scrip of ur choice in minimum qty.
Please pratice it religiously, till it becomes second nature. Only this way the FEAR can be controlled........... And entry can be made without emotions..........
Be in the market religiously before close so that decisions can be taken...............
Once you are able to do for many days, scale up the quantities gradually ........
Abe
Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
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