MY STYLE - BLOG
We will always trade no more than 2-3 times a day, usually following a trend.
We always trade in one direction. Which means if the trend is positive and moving upwards, we will buy or be long, but never short. Some of you may think, we are missing opportunities, but thats one of the safe trading approached. Win, steadily....and avoid potential retracement whipsaws.
When in a trend in one direction, we may exit and re-enter again a few points in the direction of the trend. This can happen more than once and increase the total number of trades in a day occasionally.
When we whipsaw around a mean level, and two stop losses hit consecutively, we are out of the market for the day. Again, this is a safe trading approach. We will lose a max of two stop loss points which will never exceed 10 points per trade.
Abnash Singh, Am a Trader helping small traders to realize their dreams.