Trade plan is nothing but money management. We should not take risk of more than 2% of our capital in single trade. Then only we can trade on long run, at least 50 trades if we fails all the trades.
Our entry and exit levels should be near to support and resistance levels respectively or 1:1 risk-reward ratio.
Based on our entry-level and stop loss, we have to calculate the quantity in such a way that our risk should not be more than 2% of our capital.

1 Comment
  1. Suresh Surulimuthu 4 years ago

    @brahma It’s nice report. I would try to answer your questions.
    Both Bracker & Cover orders are basically intraday orders.
    Bracket order is basically a three in one order, in which you mention the entry, stop loss and trigger price for exit (square off).
    Cover order has two orders in it. i.e Entry and a compulsory Stoploss (trigger) only.

Leave a reply

©2024 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?