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STOCK MARKETS AT A GLANCE 14 AUG

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Market at a Glance The Indian equity market is likely to open soft today tracking positive Asian markets. Meanwhile, the investors are keeping an eye over the monthly inflation data for July to be released later in the day. The ease in the headline inflation would help the RBI ease key policy rates. Further, the investors will keep a close eye over the release of quarterly numbers, that will further direct the trend of the market. Meanwhile, the Asian markets are trading steadily as investors are awaiting a raft of economic data from Europe and the US later in the day. Japan's Nikkei edged higher, on low volumes due to the holiday season, with the exporters gaining strength as the dollar strengthened against the yen in the New York. In SGX Nifty, Aug'12 contract last traded at 5,372, up by 1.00 point from previous settlement.
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TRADE EXIT STARTEGY IN DAY TRADING

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My Exit Beliefs In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven ? Should we take profits at a target, or should we let the profits run, perhaps trailing a stop behind the price? In attempting to answer these questions we looked at a number of charts, we chose entry criteria, and then looked at possible options for the exit. And this is what we discovered: Firstly, in each case, the profit or loss taken out of the trade was more a result of our chosen stop and exit method, not our entry. For the same entry, there were numerous possible exits, some profitable, some breakeven and some at a loss. And secondly, we cannot know, except with hindsight, what will be the most profitable exit strategy for that particular trade. In other words - the exit is more important than the entry. The exit has more bearing on w...
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