Trading Systems

We have learnt over the years through practice and experience that rule - based trading also requires some subjective rules like- we do not trade any signal when the Nifty is ranged . Another rule is we do not take any sell signal if Nifty is trading above 180 DMA, we also have our own set rules for position sizing ie; when to trade with full quantity , when to trade with half or one fourth and when to add, when to take partial profit , when to exit early, when to ride etc . Sometimes we don't take breakout signals and we buy only on reactions.
Lesson is one has to be flexible - its very similar to game of cricket where one has to adjust according to pitch , weather conditions, type of bowlers etc. There is no holy grail.
Remember despite all this flexibility and adjustments some trade do not work out . We take out our losses learn from the trade and then move on.
We always figure out - when to buy weakness and sell strength and when to buy strength and sell weakness , when to trade in Index, when to trade in Individual stocks and that too when to trade in large caps / Mid Caps/ small Caps. Sometimes we do not trade for weeks.

This all require hard work and very simple down to earth analysis. Chart says all. Don't let your personal bias , media hype come into your analysis.Look at the patterns.

HEG has support at 33o and resistances are at 368 / 380.

Have fun and trade well