Stop loss: Stop loss called SL in short form is the price at which you should sell your stocks if they go opposite to your prediction to mitigate your losses.
SL is a must for every day. Avoiding stop loss is our general tendency because we always think that stock will turn around but that rarely happens. We have to get over this mental block and should always keep a SL before every trade.
Avoiding stop loss generally leads to heavy losses. Rather than avoiding LS keep your trade profitable by buying at good time(DIP or HIGH).
SL should be generally strict for F/O and intraday segment and less strict or trailing for cash market.
Happy trading and Good luck!
SL is a must for every day. Avoiding stop loss is our general tendency because we always think that stock will turn around but that rarely happens. We have to get over this mental block and should always keep a SL before every trade.
Avoiding stop loss generally leads to heavy losses. Rather than avoiding LS keep your trade profitable by buying at good time(DIP or HIGH).
SL should be generally strict for F/O and intraday segment and less strict or trailing for cash market.
Happy trading and Good luck!
No comments:
Post a Comment