Tuesday, July 19, 2011

NEVER TRADE WITHOUT STOP LOSS IF RISK IS NOT AFFORDABLE...

Crompton Greaves..19 july 2011...lot size 1000
open 243.25  ... 243.65 traded at 2.28 PM
traded @ 205 at 3.25 PM  LTP 206.30
 38000/- loss for a buyer who bought 1 lot at Rs  243/- in 1 Hour
and forgot or intentionally neglected stoploss...
News was ...
Electrical appliances maker Crompton Greaves today reported a 58.36 per cent decline in its consolidated net profit
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/crompton-greaves-q1-net-falls-58-shares-dip-14-on-bse/articleshow/9284811.cms
Lesson to be learnt
NEVER TRADE WITHOUT STOP LOSS IF RISK IS NOT AFFORDABLE..
http://dhanvarshagrp.blogspot.com/2011/07/stop-loss-order-technique-you-must-know.html

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