Commodity Trader Must read- Trail Stop Loss (Cost to Cost):-
Commodity beginners or experience trader also make the common mistake in Commodity Trading below:
Some times you take position at the correct time and do not know the correct exit so you may wait for the big target but here you should put the Trail stop loss.
What is Trail Stop loss and how to use it in commodity market: -
Example : You bought Copper at 400 in commodity market, then place the Stop loss 395 (Risk 5000).
And waiting for the Big target ... After that market is going positive as your trade and touch 410.
Your profit is very good (Rs. 10,000/- ) But you expect the target copper price is 420. (Rs 20,000/-).
Here many traders are making common mistake that not placing the trail stop loss.
you much change your stop loss from 395 to approximately 405 where chart advise us.
Now, market whether touch 405 and get guarantee profit 5000rs and market is going up then you will get very good returns. But many people loss money for not placing the trail stop loss.
Hope you get very useful tips today and use trail stop loss and happy trading in commodity market.
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