Comment on Intraday stock trader par excellence

Suriyakumar Jayabal commented on 31 Aug 2014, 11:50 PM

Inspirational story!

Even I do follow nifty and watch the stock of my choice to identify turning points.

I make quick quick profits and exit, but the problem appears when the stock moves against me and give more tolerance for loss and square off with a larger loss. Since my losses are relatively larger than profits, 4 or 5 profits tally up to cover a single loss.

I should develop a discipline of square off at 1000 rs for loss and profits around 2000 as u suggested.

Do u use limit orders or market orders? Since u are trading around 2000 stocks, using a market order may sometimes end up in unexpected average prices.
If u are using market prices, why can’t u take up cover orders instead of MIS?

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