Put your stoploss a little wide. Put it below the level you think others have also placed their stoploss orders like putting it little much lower than the swing low or little much lower than the ATR or whatever techniques you use. And pls don’t place order in whole number place it in decimal.
Dear abhishek,
Regarding the SL i replied to the same concern as yours earlier.Pl keep in mind that SL decision is not that easy, we can only perfect to some extent.
SL should not be too small (in pnb it was 2 only when it was too volatile).
2.SL Should be calculated according to timeframe one is trading and importantly shd follow some setup.
3.Placing Sl for random trades is near to impossible.
If you want more ideas on SL , can contact me (9840946959) as it’s not possible to mention all as it so be too lenghty.I hope you will agree.
Regards
PNB was so volatile in last 3 days it could have hit SL at 3% levels with ease. When you are fishing in a very volatile share it is all about patience and deep pockets to take losses in case the price goes opposite. Tech analysis and SLs don’t work in such situations. Had you held the ground you would have minted money and that is the beauty of such volatile markets. For that matter take any stock since last 3 days, you will find that it was moving both ways and would have eaten SLs on both sides.
@Abhishek_Kumar_Giri
if you still fill that you are being cheated, just request Broker to migrate you to NOW.
Your orders will directly be managed by Dotex, which is NSE subsidiary. @nithin Am I right?
NOW platform is managed by Dotex which is a subsidiary business of NSE. Every order before it hits the exchange has to go through an execution management system. No other way possible. For NOW the EMS is managed by Dotex.
Btw, remembered this from an article I had read
People like to pretend that they hold themselves accountable but, truthfully, it’s a trait that’s sorely lacking in our society today in almost every walk of life. Perhaps nowhere else will you find people blaming others more for their problems then in the stock market.
I can understand what it means to get SL hit consecutively… Here’s a theory… As soon as the small qty (retail) orders get executed, super computers at big guys start tracking follow up orders appearing on the DOM. Unless your SL is hidden behind another big boy’s big order, it would get consumed. Now, the next question is how to find that price to hide behind. That would be mostly a S/R level.
Do you think your small orders are a matter to the market operators, and even if they share do you think
that they want only to make your sl to hit and go back,
just before day trading we (traders) need to understand the market dynamics which plays a vital role in the profit, If continuously sl is being hit and closed in profit when no sl placed means you need to revise your sl strategy which is not tuned to the market conditions,
not only zerodha any big player doestnt sell if they do so they loose license or even big fines are attracted .
May be you are not keeping stops correctly. I know a day trader who shorted PNB Futures from 151, his trailing SL only got hit in last half an hour yesterday. If you like keeping tight stops, I can only say that you should do so post 1pm, before that have wider SLs. Hope this helps. Blaming @nithin in this context is not fair.
u may be correct, but not on how zerodha may control your individual trade and SL.
It may be some insiders who provide details to SMS/ADVISORY services FOR QUICK MONEY