Monthly Performance Report Card - July 2010 !

Hello friends,

SP. BELATED MENTION - Fresh Reco's r given thru comments, till new post generated

Time for results now, after all the hard work we had, let us see how good or bad our performance was.

Since, my blogging started mid june, i am including my june reco's also in my july report card, but then july onwards my report card would consist reco's month by month only. My blogging journey has been very short till now & hence had countable no. of trades. so, wud like to discuss my reco's on individual basis. This wud also let us take some invaluable inferences out of our trades.

Please find my july performance report card as a continuation of the following link:

http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html

1. UTV SOFT - successful, 5-6 % return within 5 trading days.

Inference - Our first ever trade gives us most valuable lesson. Even if u have done ur homework properly, more important characterstics u need to practice urslf is PATIENCE.

http://stock2gains.blogspot.com/2010/06/shri-satguru-sainath-maharaj-ki-jai.html

Our trailing sl was hit only by 3 rs. but then whatever happened is a history. Within 20 trading days of our reco. UTV soft gave superlative return of 20%. proves all our reasons were perfect to initiate the trade.

2. Dhan Bank - Trade not initiated.

Inference - This is the most important characterstics of a VPT. VPT awaits for a trade, after identifying the entry & exit point in a trade, till risk reward ratio comes into its favour. Since, same did not happen in dhan bank, we did not initiate a trade.

3. Mcdowells - Cut cost to cost.

Inference - a VPT never carries forward a trade, if trade @ eod ends 1 % or closer to the SL identified so as to erase any possibility of SL hit due to a Gap up/down.

4. Tech Mahindra - Cut cost to cost.

Inference - Again an impulsive trade initiated, against the rules of a VPT, having not awaited for risk reward ratio into the favour.

5. Indian Hotels - Success, 4 % gain intraday.

Inference - a VPT never trades for intraday gains. But happy to place a order @ 4 % of his buy/sell price, to welcome the gains, if occur, by chance intraday, else he is quite happy to take a positional bet.

6. PFC - Failure, SL hit.

7. Federal bank - Failure,Sl hit.

Inferences - These both were calculated risks. since, we had established our entry & exit lvls & unfortunately our SL hit. But, count them as successful reco's, since, these were not impulsive trades, as proper levels were awaited to enter the trades ( although these both goes into my report card as failure trades )

8. BEL - 1695 to 1785, 4.5 % gains.

Inference - Most convincing trade, as @ 1860, we knew, we will get an opportunity to buy BEL < 1700 & same happens.

9. Grasim - Failure, SL hit.

10. Aban - Successful, superlative 7-8 % return, that too within 1 week.

Inference - Even then a agressive VPT in aban awaited 4-5 more days than a conservative VPT, he stopped out @ same price as to what conservative had. Clearly indicates, a conservative VPT is always in merit to a agressive VPT.

11. Grasim - Cut cost to cost.

Inference - Again, an impulsive trade. I hope, this proves to my last impulsive trade, as u r supposed to get more & more disciplined as u get matured as a trader.

12. Vishal retail - Successful, 4 % return thrice.

Inference - Although my targets mentioned have not met yet ( trade is still on as an investment bet, sl also not hit ), it is termed as a successful trade in my report card, since, thrice it provided an opportunity to reduce our average buying cost based on our 4 % rule ranging between 51 to 56.

13. HDIL - Failure, SL hit.

14. Century Tex. - successful, 4 % return within 2 days.

Inference - amongst my topmost convincing trade. Since, the time it was trading @ 466, i concluded, it must come down to 458-457. It did, respected our SL & hit 4 % target.

15. Tulip IT - Success, 7 % return intraday, 10 % positional.

Inference - This was my first SAR, & a successful SAR. SL & SAR level was mentioned as 168 for a long trade @ 171, it kissed 169.5 & zoomed to 182 within 1 hour. asked to buy double above 182, with SL placed @ 176 for a TGT 189, also achieved next day.

16. GVKPIL - Successful, 4 % gains, within 1 week.

Inference - My first trade, that showed me the merit of a agressive VPT over a conservative VPT. didnt dip enough to provide an opportunity to conservative to buy & hit out tgt, after only agressive had bought.

17. Rel capital - successful, 2.5 % tgt achieved.

Inference - Same as GVKPIL. didnt give an opportunity to conservative to buy. 2 nd sigh of relief for agressive VPT.

18. PFC - successful, 7 % gains within a day.

19. Rajesh exports - successful, 5 % gains within 2 days.

20. Neyvelli lignite - Failure, SL hit.

21. DCB - successful, 6-7 % gains, within 5 days.

22. PTC - successful, 5 % intraday gains, 10 % positional gains.

23. Sterling Biotech - Successful, 4 % gained twice.

24. TCS - Failure, Sl hit by 1 %

25. Biocon - Failure, Sl hit again by 1 %.

Inferences - TCS & biocon. Please go through detail inferences i posted, as follows

http://stock2gains.blogspot.com/2010/07/well-this-is-how-failure-is.html

26. Mcdowells - Success, 5 % CONFIDENT intraday gains.

Inference - Trade clicked into my mind while i was in process to update my latest post. SOMETHING VERY SPECIAL, my 1 st short sell success.

27. GVKPIL - Conservative trade still on.

28. Vishal retail - Investmet bet still on .

29. Sterling biotech - trading as well as investment bet continues.

30. Orient papers - 50 % quantity bought, for buying the rest, its on our radar.

31. Biocon - Agressive buy initiated. Conservative yet to buy.

Something special 2mention :

1. IFCI - Successful, 6 % return within 2 weeks time frame.

2. WWIL - Failure, Sl hit.

3. OFSS - Failure, Sl hit.

Inferences - we have got some important lesson to be learnt from these three trades. V did not follow the discipline, VPT sets, while trading these 3 scrips. VPT after identifying a B/O awaits the scrips to settle/dip to enter for a trade, which we did not do in above 3 scrips. So, there is nothing like BTST for a VPT. )

reference - { rule no. 3 } http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html

&

http://stock2gains.blogspot.com/2010/06/btst-trades.html

Well, SUMMARY of my performance report card :

1. Total trades - 31.

2. Buy recos - 25

3. Successful - 15 + 3 ongoing + 2 investment bets + 2 cut cost to cost.

4. Failure - 3.

5. 4 % successes - 17 + 1 ( rel capital 2.5 % )

6. < 4 % - 5 ( 5 % profit not include )

7. Short recos - 5

8. Successful - 1 ( although, SL hit only by less than 1 % in rest of the 3 )

9. Intraday gains - 3. ( its not surprising, that s why i dont favour intraday )

10. Investment bets - 2.

11. Agressive excels - 3 only.

12. Conservative excels - all of them ( in terms of profit compared to agressives ).

Important inferences drawn on blog author on the basis of monthly performance report as follows :

A. - Comfortable in Buy reco's.

B. - Not trustworthy for Short reco's ( wud try & improve my record for the same )

C. - Can not be looked forward for intraday calls.

D. - Believes in stock specific moves only, restrains from views on indices.

E. - His trades are worth following for a 4 % rule ( gains ).

F. - Keeps other scrips on radar only until he has existing positions in 4-5 scrips.

G. - Instead, expecting his reco's 2cross 7-8%gains, better exit & await next reco's.

H. - very few investment bets offered ( wud try & improve myself on this front also )

I. - Following him as a conservative VPT is far better than being agressive VPT.

I hope, my monthly performance report & inferences have been able to match up with my readers' expectations to make them understand about my trading style properly & to know that what i am good at & what i am not. so that, my readers exactly know, why, how & what for, my reco's are to be followed.

Since, like every weekend, here is presenting before u a Sai Chamatkar.

http://www.4shared.com/photo/lrMYoqU-/HIRAN_1.html


Happy Sailing.

OM SAI RAM