@Hirengabani23 hello bhaiyya,
I've question regarding the entry
1/n:
Suppose I find a good setup and plan entry above the mother candle high, with SL below the setup low. I place a GTT for the next day,
But the stock doesn't trigger and instead falls below the setup low
@Hirengabani23 Got it bro. One thing though, did you consider this a good setup on 28th as well? Did you take/set the buy order that day?
If you didn't, what made you skip it? Just curious because I also had the GTT, but cancelled it after the breakdown..
@Hirengabani23 n/n
How we should manage it??
1. Forget the original setup completely?2. Keep the original entry/SL?
3. Treat the reversal as a new setup with a fresh entry + SL?
4. Can the reclaim itself become a new entry signal
5. Or something else?
What's the best thing to do?
@Hirengabani23 2/n
So I cancel the GTT...
Then the very next day, it reverses and breaks out strongly..
That's exactly what happened in #DPAbhushan . I cancelled my GTT on 28 Sept, and the stock then rallied almost 50% in the next 4 sessions...
How do you manage such trades?
@TradewithAnil@stockspicker_ thanks for the advice bro... And yes, currently I'm trying to this only...
As of now:
Win rate: 17.18%
avg. winners: 2.99R
avg. Loser: 0.92R
Overall: -7.17R
@stockspicker_ yes, i started trading only this year, so I’m not expecting much in terms of returns right now. If I can control my greed, psychology and risk management in the first few years, that itself would be a win for me 🤞
@Prithvi10_ That’s what I’m confused about. I want to understand the ECI issue properly, but I can’t find any unbiased source. Everyone gives their own biased version. How do I know what’s actually true, yaar? It’s frustrating.. cont.
@pheonix_trader Hii bro, wanted to ask about your entry criteria. I know what stocks you enter, but how do you enter?
Do you set GTT a day before or decide next day? And do you check volume before buying?