1,If you are into day trading then when your stock moves above your strike price then apply profit booking strategy by applying opposite order price in stop loss column.

2.If you have bought at say 100 and stock is hovering at 107 then apply sell order for complete quantity at 104.9 and fill this price in stop loss column in online platform and in case giving order on phone then direct the customer representative of the brokerage house to place a sell order with stop loss at 104.9.

3.This way you are sure to gain even if stock moves down as your order becomes market order if stock hits 104.9 level and it will be sold at the best available price. Do remember to keep on moving the stop loss as and when the market moves upwards. One can have a tight stop loss if the market is trading with grave volatility and one may have the trailing stop loss of Rs 1 to have maximum profit. By following this technique one is sure to make profit from the stock market. One is also able to avoid seeing a situation where profit becomes loss due to market fluctuation and one gets the feeling of guilt. So, make it a habit to follow this technique.