This is how retail investors are against FII/DII/HNI's. Risking their capital for a small chunk of profits.
Hello friends !
SP. MENTION - Our trades/discussions/queries are continuing through the comments section of recent/last post, till new post is done.
My updates got affected due to virus in my pc. Here is a short summary of my trades.
Unlike others, I wud like to mention the failures first, as they are not only the failures, but lessons OR our milestones to path to success.
WWIL - Stopped out.
Nitin fire - Stopped out.
Concor - stopped out.
Sintex - closed, 2b initiated again on a break of 348.
Ramco systems - stopped out.(initiated & stopped out on same day, played4low risk)
One thing is certain, few stopped out trades have ruined my reputation earned in last 9 weeks. It seems my readers are disappointed with the no. of failures, but then they need to understand that such phase comes only 2wice or 3rice in an year, which keep taking sl's of one side ( discussed this thru comments section ) & also that all these trades were a result of a series of low risk bets which we were attempting, as it was almost certain that markets are bound to reverse, & this point is proved by my following successful trades. Also, such 1-2 % lost in few failure trades can be compensated by 12-15 % we make in our successful trades, if we remain consistent & disciplined.
INITIATED THIS WEEK -
R power - Picked @ 151 ( low made 150.7)
Jindal saw - Picked @ 198 (low made 197)
Resurgere minerals - Bought @ 71. SL below 68.( low made is 69)
Ramsaroop - Bought @ 60, to be squared off on friday.( picked bottom, low made 58.45)
Tata power - Again bottom picked ( asked2pick between 1220-1215) low made 1207.
Tech mahindra - picked at bottom @ 638 ( low made 634)
Jyoti structures - Picked @ 137.( low made 133.5)
Thinksoft - picked @ 117 (low made 113).
Emami infra -Wud not be included in performance report, since, i did not initiated a call on it, although i had clearly mentioned about it to be included in the list of the stocks, which wud be seeing huge upsurge, when markets rebound.( this one also picked at bottom )
Ashapura minechem - This was also discussed in comments, but trade not initiated. But, we were successful in picking up the bottom.
Mcdowells - picked up today @ 1525, whereas yest. eod had mentioned, to pick it up @ 1510-1525, when it was trading @ 1555.
Emami infra & Ashapura wont be included in my performance report.
Thinksoft is a risky junk stock, i wud like readers to take off quick 12-15 % from the table & exit, since i believe in next 3-4 months, levels like 70-80 can be seen in this counter.
Tata power, r power, Mcdowells, jyoti structures, tech mahindra, jindal saw are good counters & picked @ bottom. Also i am expecting good upsurge in them in next 3-4 weeks. Keep trailing all of the above with TSL for the tgts mentioned in our earlier posts/comments.
Ramsaroop has to be booked above 72 partially to be carried for levels like 79-82 to be booked fully.
Caution to be applied in resurgere, but, if 68 remains protected, then 85 + levels are certain in it. So, keep trailing.
we are due for a euphoric move & all profits should be booked if euphoria is seen. Any way, 20-25 % profits within 2-3 weeks is not bad, so, look to lock that.
Here is a Sai bhajan, Since, this is a Sai vaar today.
http://www.4shared.com/audio/6ohjUfRw/BETI_CHALI_SASURAAL.html
This bhajan is for a Father in all of us.
Happy Sailing.
Om Sai Ram
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33 comments:
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Ispat industries is a big big b/o & shud be bought immediately, no. SL required
let us minimize our no. of trades, square off resurgere to be replaced by ispat industries.
resurgere to be squared off immediately, if ispat is being bought. Also, look to square off ramsaroop, emami & thinksoft tomorrow morning in order to maintain discipline to not to overtrade. as we have already seen good upside in all 3 of them
tech mahindra 690, 8 % in single day
Dear Romesh I am having 100 shares of Suzlon purchased at 61, i was thinking of averaging arround 30. Today it has shown spurt to 52 in closing hours, at what price should i sell. I can also sell in loss if required. Now i request you to tell me target and strict stoploss as per volume price averaging method.
Dear Rochak,
Congratulations on picking up most of the stocks at bottom prices. Commendable job!
@ shyam
please mention ur timeframe
@ saibaba
Thanks !
I was rather agressive @ 5360-50, and had more than 20 stocks on my radar + almost rock sure that these stocks are not gonna fall any more, but , nitin fire & wwil were huge setback to my morale. but then, i must admit i have been compensated by 3 stock for every 1 stock stopped out.
This is the beauty of any system. 7 out of 10 stocks stops out , but the rest 3 of the picks, compensate for the loss made in the 7 trades, if rules are followed consistently & with discipline.
Dear Romesh,
I will exit within a week. as per my own astrological analysis I am expecting correction between 8 and 17th sept. so since suzlon is a weak stock it is expected that it will collapse fast.
Regards
Shyam
sir
At what price we can buy Ispat??
dear sunil,
19.35-19.45 is a good opportunity, hope we get to buy it now.
dear shyam
Recent upsurge in suzlon energy is a wonderful opportunity for people who are stucked in their long calls.
1. Upsurge seems reaction from an oversold range.
2. Reaction for a surge of 160 points in nifty.
3. Due to operator driven rumour that reliance wants to increase stake in suzlon ( if reliance needs to do that, there are whole lot of other better companies for that )
4.DIsappointing results in last 3-4 quarters.
5. WHen nifty is busy in making new 125 weeks high, it was making 125 weeks low
6. Volumes are not supportive for such 8 % kind of surge from the lower levels.
Well, dear shyam
Suzlon had made a low of 33 in october 2008 to bounce to a high of 146 sometimes in july 2009, till then its subdued. Its recent low of 43 could be a higher low to the low made in 2008. Under such formation, it can now easily score something higher than 147, if 43 low made recently in reality is a higher low to 33. But, to me there is no evidence that 43 is a final & ultimate low made for suzlon. It has every scope to break its low of 34. For this to be proved correct, it shud not trade above 55-56 in this recent move & then i am sure it wud easily take out its low made recently. But, if 59-62 is crossed on volumes, then suzlon is all set to make a lower high to 147. Although this remains my personal view, & suzlon has every right to prove me wrong.
2 options for u
1. liquidate tomorrow morning anything abov e53
2. keep carrying ur buy @ 61 as an investment ( b coz i believe suzlon has got all the ability to score a level like 165-180 in next 3-3.5 years )
& hedge it with a september 40 rs. strike put in it.
choice remains yours.
all the best
Gm rochakji
I am confused with calls given by U
i request U earlier to make it more simpler like,
Buy suzlon @ >52 sl-50 T-53
It will make understanding much better yt to buy & @ yt rate.
I hope I am not requesting too much.
so much information typed in your coment make confused so plz do it more simpler.
Thx & regards
dear musti
thanks for ur feedback. i appreciate ur concern. But, ur concern actually confusing me.
u have been putting up before me the way, u wud want me to present the reco's. But, tell me what u wud not want me to do. Please show me 1-2 examples, which confuses u, so that i may exactly know what u want.
This time, i hope i am not asking u42much.
regards
Dear Rochak ji,
Thanks for your views and advice on suzlon, I will exit suzlon in next week with what ever prize i get.
I expect overall correction in market roughly around 8 to 17 sept. or upto end of this month.
no more buying of any scrip now.
Regards
Shyam
i hope ramsaroop & thinksoft are booked as advised .
ha ha ha ha ha ha ha ha ha ha
see mcdowells now..
we have caught a habit now to pick up the stocks at the bottom.
suggested band 1525-1510
low made 1508
thanks to pyare baba
timely exit in resurgere yest.
Watch out for jindal saw & r power for today's trade.
Please please please dont take any fresh positions into it.
its 2late4 it.
we had picked them exactly @ their bottom
sintex calls for a screaming buy
only worry, sl is too deep @ 347
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regards
tech mahindra 703
i clearly stated, dont book tech mahindra, mcdowells, tata power, r power, kei & jindal saw before tgts. they are a hold for either medium term or for tgts mentioned , offcoursse with a TSL, as a disciplined approach
Target for sintex & Jindal Saw.
Rochakji thx for taking concern
whenever u give a buy or ell call plz give only rates no other discusion regarding stock.
It will make easy & help in relocating call whenever needed
i hope U understand
tgts for sintex, let it cross 384, but please keep trailing it with deeper sl of 347. It will be a non stop jet above 384.
jindal saw - book initially as per 4 % rule from ur buying price. tgts, i mentioned earlier were in the range of 216-218 & then 221. But its also a non stop fun 226 onwards.
I could understand ur concern now. Well, please dont misunderstand, but this problem may be a bi-product of following too many trades/analyst at a given point of time, which according to me is over trading. But, came into my notice a week ago, that s why trades are being updated through a column on the right hand side of the home page. Although, on ur suggestion, every time i log in, i will be adding a comment in this section, with over all outstanding positions & their tgts.
I have been into trading since 2-3 years only. but through these 2 3 years, i have been looking out for feedback/responses/follow ups for the trades, which were initiated on the recommendations of a website/analyst/blog. That s why i sense a a requirement of a detailed follow up on my trades. Although there is a risk involved in doing this, of proving incorrect/mistaken. But continuing this as a help to traders who have initiated trades on my recommendations. Although, if this is not working alright, i will be inviting a vote out this weekend for the same, & then take a decision accordingly.
Well, thanks for ur suggestions/feedback/responses. I am always open for healthy discussions/suggestions like these. THey help me a lot to improve.
i hope i was nt rude, while replying this.
i can understand, that i am 2descriptive, but wud limit this now onwards.
regards
dear shyam
although even if u miss suzlon after selling cheap, i assure u nothing goes up for remaining up always, likewise, nothing remains down for remaining down always.
keep preserving ur capital, to be infused into suzlon itself, if u r a suzlon fancy, as it wud always give an opportunity to buy below 48 sometimes in october or november.( This in case, suzlon rises, after u sell )
readers have been putting up their views/queries/comments into the comments section of older posts. Please use the latest/current post for the same so that ur query/views are not missed to be attended.
xl tele show beginsssssssssss
1 impulsive trade - 2lil2 loose, 2much2gain.
although stock turns bearish
but, buy it for a tgt of 794-797 within 2-3 days, with a SL below 740
stock is in bearish phase, so please book quick partial profits @ band mentioned to trail with a TSL for higher tgts.
sorry friends
wait for j k bank to cross 767 to initiate a long trade, keeping the intraday low made @ that time as a sl.
so trade is not initiated till 767 is crossed on upside.
RELIANCE INFRA=buy at present market rate looks promising with RSI as low as 30 and macd giving buy signal target 1040, 1080,1145,1195.please comment
dear rakesh
my views - structure is not clear.
although, i can take a risk to be on short side, with a stop loss above 1200 ( too far ). This seems to me in the middle of a range, although, i dont deny a move upto ur second tgt 1080. But, hard to go above that.
i hope people remember, i clearly stated the names of scrips which are not to be booked in a hurry since i am expecting better levels for them in forthcoming days. tech mahindra was amongst them.
ALso, we are in for a broad based euphoric surpise, which shud be used to book our profits in all long trades.
tech mahindra 638 to 704.
look to book fully above 720-723 kind of levels, to be re entered below 670 again for a higher positional tgts.
OR else simply keep holding without booking for a tgts like 780 & 845
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