wingman trading (ultimate safe method)

here is a trading method

which is a combination of

day trading

+swing trading

+btst

+investing

**

it is easy to use

starts showing results instantly

it is free from any technical indicator

in it you short without the fear of shorting

in it you can go long at any stage but without fear

in it you honour stop loss without any fear of booking loss

it is free from stress

it is sheer joy to trade this way!

--

with this method

you can get maximum mileage out of your long term investments

you can manage temporary loss in long term investments

you can manage the loss in your bad investments

you can protect the loss in your bad options

you can protect your positional trades

besides many other applications

--

i call this method

"wingman trading"

(a wingman (or wingmate) is a pilot who supports another pilot

in a potentially dangerous flying combat)

--

the concept is very simple.

if you have taken long or short position

in any stock or index,

all you have to do is

DEFEND IT DURING THE DAY!

--

how?

simple.

whenever it rises above or falls below

1) yesterday's high or low, or

2) first 30-45min high or low, or

3) day's high or low after first hour

and if it is opposite to what you want

hold your original position

just take a parallel reverse position!

how?

e.g.if you are long in january series futures

and price breaks down as mentioned in three conditions above

you can go short in feb series futures

or you can buy in-the-money put options of jan series, etc.

how much?

equal to the original trade size!

for how long?

till it crosses

the parallel trade's entry point

or

2minutes before market close.

in both cases

cover your extra/parallel positions

and wait till morning

and repeat the entire process,if required.

--

caution:

any normal adverse movement (fall in long positions and rise in short positions)

during trading hours will be taken care by this method.

normal gap openings will also be taken care of by the method in medium term.

but severe adverse movement (during trading hours or in gap openings)

due to extreme news etc. can still hurt.

so it is better to limit this method only to nifty futures

where extreme sudden movement is generally temporary and small

--

with a little bit of boldness, imagination, skill, training and experience

you can square-off extra/parallel positions

prematurely where-ever profitable.

what if the parallel trade is never required during the day?

you still have some work to do

= count your profit!!!