|
|
TRADING TRICKS FOR OUR CALL |
INTRADAY: These recommendations are for intra-day trading only - do not carry the positions overnight.
1ST TARGET: When the scrip price is around the 1st target, Safe Traders square off position & Risky Traders square off 50% of position(If more than 1 lot).
2ND TARGET: When the scrip price is around the 2nd target, square off the remaining 50% quantity(If more than 1 lot); however, if the scrip price does not get near the 2nd target throughout the day, square off at closing.
STOP LOSS: When the scrip price breaks the stop Loss level, exit whatever quantity you have, without waiting further. Adhere to the stop loss tenaciously. STOP LOSS IS PARAMOUNT.
TRADE ALL: [This rule is applicable only to subscribers who have access to all the recommendations]. Since the number of recommendations is few and manageable, trade all the recommendations instead of just one or two. This way, even if one or two recommendation hit the stop loss, it is most likely that the profits from the other successful trades will more than offset the losses from the stopped-out trades.
STOP LOSS ON CLOSING BASIS: Please note Buy & Hold, Positional & BTST call always have Stop Loss on Closing basis, unless otherwise it is mentioned,. Any amendment in calls will be timely followed.
Stop Loss on Closing Basis (SL on CL basis) Means:
Please note Buy & Hold, Positional & BTST call always have Stop Loss on Closing basis, whether mentioned or not, Stop Loss on Closing basis means whatever happens intraday one should hold the calls till closing time. At the time of closing(i.e. keep reasonable time to square up the position . may 3-5 min before) if commodity is trading below stop loss given than you should exit at that level whatever level it is. But if commodity given is trading above given SL at the time of closing you should carry the position. Any amendment, exit call or Target extension will be provided on SMS timely.
For Example: if call is given (Either: Buy & Hold/Short Term/BTST/STBT/Positional) Buy XYZ abv 1000 Sl 975 Tgt 1050-1100. If during the day commodity goes to below 975 say 960-940 or whatever level you should not see but at the time of closing if it is above 975 the call is active & open but if at the time of closing it is trading below 975 say 960-940-925 whatever level you should exit and loss will be accordingly. Any other follow up will be give timely on SMS to members.
Note: Safe traders should strict to Stop loss given and should not take stop loss on closing basis.
NO CONVERSATION: Please note that, there will not be any conversation of any type regarding call given. How-ever service related issue like delay SMS delivery; Un-clear SMS etc. can be addressed through E-mail.
(Above tricks are advisable and not the rules determined, one is expected to follow for fruitful results)
Understand the meaning of Short forms/Terms, we use in our Calls:
INTRA = Intraday
BTST = Buy Today Sell Tomorrow
STBT = Sell today Buy Tomorrow
C/O = Carry Over (Means positional for short term)
POSITIONAL = Call to be hold for Short Term
DELIVERY = Call to be hold for Short Term or Period mentioned
SL = Stop Loss
TGT = Target
EXTN = Extended
SL on CL Basis = Stop Loss on Closing Basis (As described above)
SL on Weekly CL Basis = Stop Loss on Weekly Closing Basis
|