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Thursday, January 28, 2010

MRKT ALERT 4.50 PM

MCX FEB COPPER MADE A LOW OF 325.90 AGAINST OUR T2 OF 325.50, TGT EXTENDED UPTO 324.50, SELL GIVEN AT 330.50 - 331.

4 comments:

Asif Dange said...

Dear Akshaya,

Appreciate all your Copper calls which always reach their targets except a couple of them

I am a low risk trader and I trade only with 2 lots.

As per ur recommendation in the morning I did an exit at 329 itself.

And now I see that your Target 1 is achieved and Target 2 almost achieved and u have extended the target now.

In last 45 days i have seen myself exiting most of the times instead of booking profits.

Can u plz give a common safe call for both Low risk and High risk traders.

It leaves me Red faced when I myself exit after ur recommendations and the targets are achieved after couple of hours........

Nevertheless all your calls are very accurate

Hope you would provide us ur continued support in the future...

Thanks

Best Regards
Asif Dange

akshaya said...

ATTENTION ME ASIF
Have understood the points raised by you. First of all pls be clear in your mind if you wish to run the call with the given stop loss or if you operate with a low capital base you wish to book part profits of Rs 1.50 very day and exit the trade .There are certain days when targets cld be achieved and certain other days when markets will be very choppy with lack of clarity. If you normally trade in 2 lots , the safest option would be to book 1 lot at part profits stage and keep profit stop loss for your second lot.
Or take a decision base on your risk apetite for the second lot with given stop loss and targets .
AKSHAYA

Asif Dange said...

Dear Akshaya,

Thanks a lot for the suggestion.

Would implement the same

Regards,
Asif Dange

Unknown said...

Can i go copper short now cmp 329.45