Thread by @niftyaddict

#Thread
How to Place Stop Loss and Trail Stop Loss in Intraday trades.
This is the biggest problem which every trader faces where to keep SL if breakout happened and you have entered the trade. Initially you can take SL as the low of the breakout candle in 15 min.(1/n)

If the breakout candle low is too far than you can place SL below VWAP or the below previous swing low.

Now How to ride the trend in Intraday by trailing SL.

IF you will use 20 EMA its too fast and profits can run away(2/n)

If we use 10 EMA it's too slow and more chances of hitting the SL. So by backtesting i have found 15 EMA seems to be the best among all for trailing SL.

IF you have more patience then you can use previous swing low also as a trailing SL (3/n)

but most of the time profits will runaway in that. So its better to book partially always in intraday trades.

So here below is the example to show how to trail SL.

This is the ZEEL trade which i have taken today. i have enter around 183 and still in the trade as per system(4/n)

You can see the green line which is 15 EMA. If the 3 min candle closes below this 15 EMA then only we will think of taking profits and we should books our 50% profit there and wait for violating the previous swing low by patiently sit and ride the trend(n/n)
#stocks
#stockmarket

I hope this will help you guys to some extent in intraday trades. you can retweet if you find this useful.
#stocks
#stockmarket
#StocksToTrade
#ZEEL