The 3% Trader(Marico Experience, Technical analysis training)

Two days back we had taken position in Marico Industry. For more information read this Marico showing good trading signals(Technical Analysis).

Today Marico has rallied and is in a uptrend. Below is the snap shot for the same

Now we never know till where this rally can be. The golden rule in trading is when there is profit start booking. So in Marico we started booking profit at regular intervals. Below is our today's trade sheet. You can see we have booked profit at three levels 217(50% stock sold), 218(25% stock sold) and remaining at  218.5(25% stock sold.)

Overall profit comes to 4%. Not bad, in 3 days 4% profit. Our belief at trading kamai is execution should be more stronger than call.

A good execution and a bad call :- Less losses
A bad execution and a good call :- More losses

A good execution and a good call :- profits profits and profits  

If you see Marico it has moved more up but as a trader I am more happy in booking 3% profit rather than becoming greedy to catch the upper levels.

Happy Trading….

See syllabus for Technical analysis training in Mumbai,India.

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