WELL ! This is how failure is

Hello friends !

Sl hit in TCS & Biocon. Both were short sell calls & they both went down after hitting our stop loss by marginal > 1 % difference ( tcs : it wasnt even quarter % of a difference ) but failure is a failure. Unlike our academic record, in trading, it doesnt give us second chance, once our sl is gone. No re totalling, no re valuation, no supplementary, no second chance, simple failure. So, in trading u got to be pin point accurate.

But, although these two trades would be counted in my report card ( which gonna appear on my blog this month end & every month end ) as a failure, BUT & big BUT, i beg to claim my bets were in right direction. Let me clarify how.

The theory behind these bets to be played, proved right. As i mentioned, volumes were quite high in both of them + these both were trading close to their life time highs. That s why i termed them as a contrarion bets ( these symptoms in a scrip demand a long trade ) . But, my bet was that,before making new life time high, they both should cool off a bit, provide short sellers an opportunity to short, appear to be falling down & then taking their sl's should march fast, thick & quick to their resp. new life highs. Look at them now. They are still doing the same, pulling back quick & fast, but unfortunately after taking our SL. Now, I am expecting them to cool off a bit, consolidate in order to absorb all short sells & then a spring bounce back would come in both these stocks, hitting all short sellers' SL's. On appropriate times, i would be posting a buy calls in both of them as soon as the opportunity clicks 2me.

Till then HAPPY SAILING.

OM SAI RAM

P.S. - This weekend its time for a SAI CHAMATKAR photograph again. Watch out this space.

TCS & BIOCON - CONTRARION BETS !

Hello friends

OM SAI RAM

Here are two contrarion bets for u.

First of all , let me clarify both these bets are Shorting bets. First i was hesitating to post these both shorts, as out of my 6 failures so far 2 have been shorting bets. But then i thought, i created this blog to post, what i see. Both these stocks are close to their life time high & attracting heavy volumes also, hence, these are termed as contrarion bets. u got to keep strict strict sl, if u r playing these.

TCS - Shorts can be created for anything > 840, 848 being sl & targets not more than 5 % from this levels.

Biocon - This is riskier amongst the two. Short @ CMP, keep a SL of 331. i expect at least 321 & 316.

Both these stocks are gonna spring back to break their current life highs , but i am expecting them to cool off a bit before doing that, hence taking a contrarion risk.

Happy Sailing

P.S. - BIOCON hitting 331.4 while i am posting this. I am still hopeful, keep 332.05 as SL & play this high risk. all the best.