Comment on Uniform Stamp Duty
commented on
07 Jan 2020, 03:20 PM
Example1—
Intraday equity BO for stock “A”
Buy “A” @1500
SL=5, target=40, TrailingSL=10,
number of times SL will trail=1
As “A” moves to 1510, SL will trail to 1505.
As “A” moves to 1520, SL will not trail(because it has already trailed “1” time as I have specified in my BO) and remains at 1505.
As “A” moves to 1530, SL will not trail and remains at 1505.
As “A” moves to 1540, target is achieved.
Example2—
Intraday equity BO for stock “A”
Buy “A” @1500
SL=5, target=40, TrailingSL=10,
number of times SL will trail=2
As “A” moves to 1510, SL will trail to 1505.
As “A” moves to 1520, SL will trail to 1515.
As “A” moves to 1530, SL will not trail(because it has already trailed “2” times as I have specified in my BO) and remains at 1515.
As “A” moves to 1540, target is achieved.
I can give more examples if needed.
Kindly introduce this simple but very useful thing in BO.