YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER.
Keep a trade log of all your trades throughout the session. If, for example, you know that, so far,
your biggest winner on the day is five e-Mini S&P points, then do not allow a losing trade to exceed those five points. If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good.
Nifty Future Trading Alerts
(Updated on 18-05-2012 Time 08.50 AM)
Yesterday we wrote market would see 4886-4903 level.
It touched 4911 and plunged.
Now there seems no relief for the bulls since market today is likely to extend
its lower levels to 4793-4765-4710.
4900-4911 are hurdles.
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