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mahamuni

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Posts posted by mahamuni


  1. Hi,

    Still in Sim, trying to learn and correct mistakes.

    On 10/12/18 I did the following

    1.       I bought $SQ at the mark (1st mark) because it broke VWAP, but as it can be seen it did not work out.

    2.       I bought $SQ again at the 2nd mark because of ABCD pattern (on 1 min chart) but again it failed.

    3.       On both of them there was a decent volume.  (Please see the chart below)

     

    How can I prevent these kinds of mistakes?  What can I look for as a confirmation to see if it is a sustainable move or not?

    TIA

    Munish

     

    image.thumb.png.e8eff49f3cc2a9b361deba7b2ecb5fa4.png

     

     

    image.thumb.png.8277c52b8f51731d473747b1697cfaaf.png


  2. I am confused with risk management...

    Lets say I have 25000 in my account.

    I bought 100 shares at $55/share.  So it cost be $5500.  If I do not want to risk more than 1% then what would my stop be?

    Is it 1% of 5500 or 1% of 25000.  

    If it 1% of 25000 that does not make sense to me.

    If it is 1% of 5500, that 55 cents per share.  That seems alot also to me?

    Can someone throw a light on this with some examples possible.

    TIA

    Munish

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