Lets Execute the Trade - Chola Fin March Future
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I plan to share the update on the execution of my trades with you all. I have entered the Chola Fin March Future long trade @1472 which is a 100 day Breakout. My initial SL is 2 ATR which is (42*2=84) @1388.
My trailing SL is 75 days low @ 1164 which is 30 days away. The Trailing SL wont change as the DTE is less than 30 hence I will exit on the initial SL or the closing price on the expiry day.
Lets see how that goes.
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The current position is my favor. I will move the SL to cost if there is 4 ATR move in my favor which is at 1640. Till that time, Initial SL will be in place. -
Nice thanx for the update
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The stock closed +0.8% in my favor. The sl remains unchanged as the initial SL.
