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Stop Loss Order for Day Trading
Aug 13th
Stop Loss Order for Day Trading
What is Stop Loss Order?
Stop loss order is an order to close position if/when losses reaches a particular point. In other words this is an order by which you can decide the maximum loss that you are ready to accept. Here we are going to discuss only Stop Loss Order regarding Day Trading, but the same principle can be used for Swing Trading or Long Term Trading.
Following Example can explain the point.
If u have placed a buy order at 100. You need not place a stop loss order till your trade gets executed. Once your trade gets executed, you have to place another order for Stop Loss.
Now lets assume that CMP(Current Market Price) is 100.50.
Stop Loss Order should be like this
Type= Sell
Quantity = Quantity you have got (received).
Price=99.40
Trigger price =99.50
Note: Trigger price is the price at which your order gets triggered (fired). Till then it’s on hold.
So in our example If CMP falls from 100.50 to 99.55 nothing will happen but at 99.50 your order (Stop Loss) for sell will get executed at a price of 99.40 so your loss would be limited to 0.60 (100-99.40) only.
Additional Points:
Percentage Of Stop Loss
For day trading stop loss of 1-2% max is recommended. Some traders like me use 0.5% stops, which is what I have explained (100-0.5%*100=99.5). You have to decide the % according to your experience & confidence.
If you don’t use stop loss order the price can go down by 5% or even 20% & you won’t be able to do much then, hence for every trade without fail you should use stop loss order.
A warning, don’t ever think that just because you have placed stop loss order, you are 100 % safe. That’s not the case even after a stop loss order you can suffer huge loss. Surprised? See how.
In the above example if the your stop loss order gets triggered at 99.50 for 99.40 but there is no buyer at 99.40 so the order will get triggered but not executed till there is some one ready to buy at 99.40. In mean while some one else has put a sell order at 99.30, now you are at number two still waiting, then if some one puts a sell order at 99.10 you are at number three & hence your order may left behind while others keep putting orders at less than your order & you may wonder why my stop loss order did not get execute!!!!!!!!!!!
Solution for above problem is as follows.
The gap between trigger price & price is important. If you want your stop loss order to be more secured, increase the gap.( Gap between Trigger Price & Price). i.e. triggered price at 99.50 & price 99.10(instead of 99.40). You should change the gap depending upon the share you trade. More volatile stocks require big Gap while for slow movers small Gap is enough. You can decide the Gap on the basis of difference between best buy & best sell (bid /ask) in second window.
Stop Loss For Shorting
For shorting that is selling first & then buying, the stop loss order has to be reversed as follows.
If you have shorted at 100(CMP=99.50)
Stop Loss order should look like this
Type =Buy
Quantity = Quantity you have shorted
Price=100.60
Trigger Price =100.50
Cancel/Modify Stop Loss Order
The most important thing if your stop loss does not get hit & you earn profit by squaring of your position; do not forget to cancel the stop loss order. Yes I repeat do not forget to cancel the stop loss order. Other better option is that you can modify your stop loss order as Trailing Stop till the execution. (I do this as I forget to cancel the stop loss order.)
Following example can explain how you can do this.
Your Stop Loss for first example was 99.50 for 99.40, right? Now if the CMP has gone up from 100.50 to 102.20, you can modify your stop loss order to 101.10 in place of 99.50 & 101.00 for 99.40. If price keeps going up, keep following the price by modification.
Always remember the following rule.
For buy’s Stop Loss Order (Type=Sell) “Trigger Price” should be more than “Price” of Stop Loss Order & for Short Selling’s Stop Loss Order (Type=Buy) “Trigger Price” should be less than “Price” of Stop Loss Order.
Important Note:
Some Trading Systems allow Trader to enter Stop Loss Order at the time of Actual Order and some Systems allow Stop Loss Order to get automatically cancelled against squaring off position.
Happy Day Trading
Vishal Deshpande
Info On Mechanical Drawing And Technical Drawing
Aug 12th
Info On Mechanical Drawing And Technical Drawing
Mechanical Drawing is known as scale drawing of a machine or architectural plan or the craft of drawing blueprints i.e. drafting. The variety of lines used in preparing a mechanical drawing is large, and each of them has its particular meaning. Boundary lines outline the shape of an object and its parts. Section lines are used to show intersections and the outlines of shapes within the boundary lines. The central axes of an object are represented by the center lines. Break lines are used to indicate that the entire object is not seen in the drawing. These, together with hidden lines and dimension lines, are used most frequently.
Correct design information and projection are the imperatives of a set of engineering drawings. The skill and dexterity shown by some persons in drawing more accurately, more quickly, or more neatly have recognized value in the preparation of such drawings. Equipment has been invented to facilitate the performance of the manual tasks. Most widely known are the T square, triangle and protractor. Bridge building begins long before ground is broken for the supports. The making of a bolt also starts well before the machinist sets an automatic machine to cut the thread into a piece of metal. Actually, for both projects, much planning and work have been completed before effort to undertake construction begins. In building a bridge, months of preliminary work are required before construction workers and tools meet on the job. Students wishing to become skilled drafters must practice certain standard exercises. There are many kinds of exercises that can be performed to increase speed and develop accuracy.
<a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=http://www.drawingsforweb.com>Mechanical drawings</a> are widely used to create artwork for automotive design, architectural plans, engineering drawings, or electrical circuit diagrams. The introduction of the computer and accompanying drawing applications, such as Adobe Illustrator and Corel Draw (not to mention cad programs), have rendered skill with pen and pencil almost absolute.
Technical drawing is the discipline of creating standardized technical drawing by architects, CAD drafters, design engineers, and related professionals. Technical drawing includes the various fields and technologies foundation electronics, which has in turn revolutionized the art with new tools in the form of Computer Aided Design (CAD).
A technical drawing or engineering drawing is a type of drawing and form of graphic communication, used in the transforming of an idea into physical form. Technical drawings contain geometric figures and symbols to convey the scope and details of the project. Many professions, such as plumbing, use their own suite of unique symbols. Right angles, parallel lines, curves and symbols constitute the technical drawing. To those on the team, each line or symbol conveys a specific about the project.
Drafters are men and women trained in the art of technical drawing. Another term for a person skilled in creating technical drawings is a draftsman, although modern practitioners prefer the term drafter. It is imperative that technical drawings be accurate. If the drawing is off by even centimeters, the actual work may be off quite a bit too. This leads to terrible consequences and costly delays in construction. This type of drawing is used to fully and clearly define requirements for engineered items, and is usually created in accordance with standardized conventions for layout, nomenclature, interpretation, appearance, size, etc.
The process of creating a technical drawing is called drafting or technical drawing. A technical drawing differs from a common drawing by how it is interpreted. A common drawing can hold many purposes and meanings, while a technical drawing is intended to quickly and clearly communicate all needed specifications of a created object or objects.
Myself Rosy. I am the SEO. We are provide free ideas on 3d drawings, drawing tutorials, images for web, graphics for web, drawing artist and many more. For more information log on our web site. Website :- http://www.drawingsforweb.com Email Id :- admin@drawingsforweb.com
Want to support me and my videos? Order a copy of one of my books: www.markcrilley.com If you prefer to buy books at actual bookstores, please remember that bookstores that dont have Miki Falls on the shelf will happily special order it for you if you ask. Thanks so much for your support! Mark
Video Rating: 4 / 5
Rock Climbing Guide Preparing You For The Unknown and Unseen
Aug 11th
Rock Climbing Guide Preparing You For The Unknown and Unseen
Rock climbing is becoming more and more popular these days. People are getting attracted to the sport as it has the maximum trill. Secondly, it gets you really close to the nature as well. Above all this is a sport that would give you a feel that you could survive no matter how hard the situations are around. As while rock climbing you would not have the luxury of your couch or your air conditioners. All you would be exposed to would be the falling degrees as you would go higher and the Rock Mountains. But, the people who have tasted the adventure would not hesitate to go for it again.
On the other hand the people who have not tried their hands on rock climbing might take their own time. If you are one of those who want to go for rock climbing but are not able to release your fear then you might want to use a rock climbing guide to fix your apprehension. You could easily find the rock climbing guide online. By downloading these for free or at a nominal cost you would be able to know all that you need to be prepared for. The rock climbing guide is an initiative that helps not only the first time rock climbers but also the once who have experienced the sport before. But it is highly recommended if you are going for rock climbing for the first time. This would help you garner the courage as well as the equipments and other required stuff that you might require while rock climbing. There is no other way of playing absolutely safe other than using a rock climbing guide when you decide to taste the sport.
Are you looking for the best beginners rock climbing guide? Visit http://www.RockClimbingSecrets.com today!
Queen We Will Rock You
Video Rating: 4 / 5
Create interactive map easily for your website or presentation – iMapBuilder
Aug 10th
Create interactive map easily for your website or presentation – iMapBuilder
Are you taken up by interactive maps in websites and wanted to have something like that for your website too and enhance user experience?
Want to create an interactive map for your portal to attract more users? Are you too busy to learn to use Flash software to develop interactive maps for your websites and your customers’ websites?
Don’t worry iMapBuilder is an all-in-one solution to all the above problems.
The map software iMapBuilder can help you to create attractive and highly interactive flash maps for your websites and your customers’ websites. The map software comes with Flash map solution for your websites, including flash world map, flash US map, US county map, Europe map, UK map and much more.
Create your own Interactive Map
One of the greatest advantages of this interactive map software is that you don’t need to have any technical knowledge what so ever. You will be able create your customized Flash maps in a matter of few clicks. It is as easy as using your word processor software programs.
You will be able to create highly sophisticated maps with clickable regions, points, lines, for your website in just few minutes. You will alsobe able to insert zoomable areas, add animation effects, add annotations or popup messages, sounds or audio files and even dynamic objects, which will make your Flash map highly interactive and remember you don’t need to have any technical knowledge to implement all these in your Flash map. This is a very simple software product and can be learnt very easily.
The software package includes pre-defined map templates including world map, US map, US county maps, Europe map and UK map. You can also import your own JPG map image and convert into an interactive map easily These interactive flash maps can then be usedon your website, or presentations to impress your audience and make their navigation easier. Using the export feature, you will be able to export the maps as JPG files.
Supported OS & image formats
iMapBuilder supports all the latest Windows OS from Microsoft Windows 98 to Windows Vista. You just need to install Adobe Flash player in your computer, which is available for free, download. Besides these, you will not need any other special software to run our interactive maps. You will be able to convert all static images into interactive map and insert clickable points, mouse-over text, etc. The interactive map software can handle JPG, PNG and GIF formats. You will be able to create even street maps and branch office maps in a matter of few clicks using our readymade map template.
iMapBuilder is one of the most powerful interactive map softwares available in the market. It is also one of the most sophisticated software available, yet does not require any technical knowledge. You will be able to create attractive maps for your website and it is also the most cost-effective way of getting interactive flash maps for your website.
For advanced users
iMapBuilder interactive map software is also highly suitable for advanced users who have the needed technical knowledge but don’t have time to create sophisticated Flash maps for their websites and their customer’s websites.
You will find this map software is highly reliable and stable on all popular browsers. You will be able to link the interactive map to PHP and MYSql and you will also be able to change the map settings using XML.
You will be able to create Flash maps in 2D as well as in 3D styles to suit your specific needs. Use iMapBuilder will save you a lot of time as you don’t have to spend your time in creating customized Flash maps from scratch.
Not only web designers and web masters can benefit from our interactive map software, anyone who wants to create a flash map can find iMapBuilder an easy software to use. You can use iMapbuilder to create interactive map for your branch office maps, reseller maps, real estate maps, or for educational purposes to teach children geography. The options are unlimited.
For more information and download free trial version, visit iMapBuilder Interactive Map Builder homepage, at: http://www.imapbuilder.com
Ted Ko – software programmer since 1996, with homepage at Faico Software
6 Smart Moves to Keep You Sizzlin’ This Summer
Aug 9th
6 Smart Moves to Keep You Sizzlin’ This Summer
Summer is here and that means that there’s no better time for your derrière to be firm than now. The following tips and tricks will keep you slim, trim and turning heads the next time you bare all at the pool or beach.
Eat healthy. Youâve heard it once and youâll hear it a million times. Cut out the crap and starting eating more fruits and vegetables. If you want to stay trim, youâve got to burn more calories than you eat â itâs not rocket science â either work out more, or eat less.
Early to bed and early to rise. The average adult needs about 7-8 hours of sleep every night in order to function at full capacity. Note, these numbers can fluctuate on an individual basis. Getting the sufficient amount of sleep will not only give you more energy during the day, but it can keep you healthier than individuals whose sleep patterns are irregular. If you need an extra jolt of energy come mid afternoon, try Akavar 2050 to get you through the rest of the day.
Try a new exercise routine. All the rage now is the 400-year-old Brazillian martial arts called Capoeira (pronounced “cap-WEAR-ah”). Once used as a defensive art form, it is now the hot new thing when it comes to toning your glutes and strengthening the upper body, legs and abs. Click here to see a workout video that teaches you a few Capoeira moves that will get you lookinâ good in a matter of a few weeks.
Drink more water. Especially during the summer months, drinking lots of water is a crucial element to staying healthy and hydrated. Drinking water will also help flush your system of toxins and will give your skin a healthy and radiating glow. Aim for drinking at least 8 glasses of water every day.
Protect Your Skin. Drinking enough water can only help your skin out so much. Itâs important to keep your skin properly protected during the hot summer months. Apply generous amounts of sunscreen whenever youâll be out in the sun (at least SPF 15) and reapply often. Also, donât forget lip balm with sunscreen to keep your lips protected from the sunâs harmful rays.
Sunglasses and beach hats are a must. Summer accessories are not only fashionable, but theyâll keep you looking younger longer. Sunglasses will protect your eyes from the sunâs damaging UV rays and a beach hat will protect your face and will keep your skin from aging sooner than youâd like.
Summer is a freelance health and beauty writer from California. She loves spending time outdoors with her family, running on the beach and of course, writing.
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