“Trailing Stop Loss, a way forward”
#pixarts.trade
Initial trade in FINNIFTY stop loss got triggered then re-entered again, with defined risk, and trailed the trade to avoid getting loss and to close the day in green.
Shillong :: At 8:15am power up my laptop, first glance of the world markets, scenario, visibly positive and no negative in-sights, charts looks good on BANKNIFTY- for breakout and FINNIFTY near all time high- these will be the focus today.
Market opened slight gap-up and filled the up in BANKNFITY in first 5-mins giving me an opportunity to enter bullish trade in the bigger trend, and similarly in FINNIFTY as well.
Following up for confirmation with Bid x Ask data in orderflow chart, in sync with Bulk orders in order book, I had placed some orders in both FINNIFTY and BANKNIFTY with limit price to avoid unwanted spread risk in a volatile scenerio.
Before that I’d noted the heat map as well to know the strength of the market.
ORDER BOOK
TRADE BOOK
LIVE POSITIONS
P&L
Initial trade in FINNIFTY stop loss got triggered then re-entered again, with defined risk, and trailed the trade to avoid getting back to loss and closed the day in green.
Fund Used : Rs. 8813.00
Gain/Loss : Rs. +1494.00 % of Gain : +16.97%
No. of Trade : 7
