price come down to support zone (530-525) & it spend time at this zone at least one week and if we see any engulfing green candle then we go for long
stop loss at last swing 502 target is 650 & entry =540 to 555
stop loss =20-25 rupees & target =100 rupees so RR will be 1;4
DONT FORGET TO PUT STOPLOSS BECAUSE IT SAVE US TO BIG DRAW DOWN
loss must be around 4-5% & if you have strong belief on ur analysis then it will be 8%
if it is going below your line take your loss it will recovered in upcoming good trades
Because 10% loss requires 11% gain, 20% loss require 25%gain, 50% loss require 100% gain & 90% loss requires 900% gain to get back break even.
managing the down side is more important than upside
stop loss at last swing 502 target is 650 & entry =540 to 555
stop loss =20-25 rupees & target =100 rupees so RR will be 1;4
DONT FORGET TO PUT STOPLOSS BECAUSE IT SAVE US TO BIG DRAW DOWN
loss must be around 4-5% & if you have strong belief on ur analysis then it will be 8%
if it is going below your line take your loss it will recovered in upcoming good trades
Because 10% loss requires 11% gain, 20% loss require 25%gain, 50% loss require 100% gain & 90% loss requires 900% gain to get back break even.
managing the down side is more important than upside