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

Sterling Biotech ! Major consolidation

Hello friends !

Sterling biotech - The stock has been in consolidation in last 15 months or so. That is a very huge time to consolidate. & has build a strong strong base @ 90. Its been in a range of 105 to 118. Neither closing > 118, nor < 105. Screaming buy close to 105.

1. - If u r a trader, keep a closing SL of 105. or buy after the stiff resistance @ 107.5-108.5 is crossed. Tgt 116-117.5.

2. But i personally prefer to take a investment bet & wouldnt restrain to take a meaty risk of 15-17 rs, to buy between 106-107, with a trading Sl of 88, tgt 134-137. T2 @least in the range of 166-170. Medium term tgt of 235-248 is also not ruled out.

TRADE UPDATES

GVKPIL - Without giving an opportunity to conservative ( as expressed yest. ) ran. Now expected to meet its first tgt of 47.8 on SAI VAAR. Once, 1 st tgt met, trail ur SL to 44.5 for T2.

PTC - Another feather in my cap. T1 met easlily. T2 is also expected to be over shot, but not so immediately. I hope major portions is booked now @ 111-112, 2re-enter @ 104-105 OR b an agressive 2carry wid a SL of 107.5 for T2.

Rajesh exports - Agressive stopped out. Conservative pocketed the 5 % profit @ 93.

Happy Sailing

OM SAI RAM.

P.S. - If positions are being taken in STERLING BIOTECH as a trader, Please keep in mind the stiff resistance @ 107.5-108.5. 11-12 ( upto ) am total traded nse quantity of 1.25 lac is a positive indication to take a trade.

Trade updates !!!!!

Hello Friends

Amazing success*** in last few buys recommended, please let me know how much my friends are enjoying.

1. Vishal retail - Again kicked off from 51. Our band of 51-53 again respected.

2. Rel Capital - Giving us opportunity to buy in the range of 795-792. Once booked @ 818. Now SL is 788.

3. IfCi - buy generated @ 56, booked fully @ 61-62.

4. Rajesh exports - Buy generated @ 87-88, booked out @ 93. Now call is open only for agressives, they can either re enter , whatever booked @ 93 OR trail the bought quantity with a SL of 85.5

5. DCB - Buy generated @ 47.7-47.2. Booked @ 49.8. Again only agressive are carrying, with SL of 45.5 for a tgt of 51.5 & medium term tgt of 56-58.

6. PFC - Buy generated in the range of 316-314. Advised to book some @ 330, full @ 336-338.

OPEN POSITIONS

Vishal retail - Investment bet.

Rajesh exports - re entry or agressive

DCB - Agressive carrying

Neyvelli lignite - fresh buy. Stiff resistance @ 164-165. Yest. volumes encouraged me to generate a buy call @ 163. Please keep carrying as we are shielded with a Strict SL of 157. I am very sure, even this call is gonna shot. Once 164-165 gone, no looking back.

GVKPIL - Advised agressive to buy close to 45, conservative were advised to buy @ 44.6-44, which it did not give opportunity to. Call still open, SL 42.5. TGTS 47.8. TGT 2. - 51.5.

PTC - Fresh buy recommendation. Strong buy. SL 102.5. TGT 1. - 111. TGT 2.- 118-120. But i am very much sure, this one is gonna over shoot. But, please respect the SL. Conservative, if can afford, to wait to buy it in two parts. 1.- on the break of 106, then close to 104-103.5.

Now on, only agressive are carrying the major trades. As conservatives have already booked out most of the trades. B coz, i think markets are at the stage of a make or break situation. So, even the stock specific bets, which we follow would be a enter, book & exit game.

Advantage agressive - Two. 1. - On rare times, stock marches ahead without giving opportunity to conservatives, who are waiting for the stock to dip to buy. ( likely happenened in rel cap. & most likely 2b happened in PTC & GVK ) 2. - Only rarely, agresive exits the trade with more profits than the conservatives ( like happenend in aban )

For details, please read [ http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html ].

Happy Sailing

Om Sai Ram.

***Credit goes 2 Param Pita Sai ji.

BUY NEYVELLI LIGNITE !!!!!!!!!

Neyveli lignite :

Huge volumes generated

Base formed @ 158, if not broken & 163 today conquered after 1.45 pm. Then it could be the stock of the day. Agressive buy immediately. Conservative if afford can take a risk to buy near 160, or on a cross over of 163, SL for both 157.

Happy Sailing

OM SAI RAM

P.S. - All TGTS achived pin point on calls generated on friday

Rajesh exports, Rel capital, DCB, PFC & Tulip IT.

P.S. 2 - I hope madhu & vvvvv are happy persons now. Forgot to mention tgts for neyveli. tgt 1 - 172, tgt 2.- 179. But stiff resistance @ 164-165.

Why agressive were asked to buy immediately. please go through my post [http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html ], clearly explains the characterstics of an agressive VP trader. He wont let a stock run before he buys even if his buy price is little higher in comparison to conservative. Secondly, agressive trader is always ready to take risk of his small profit to go for higher tgts.

Stop & reverse : Tulip !

Here is a stop & reverse trade for you

Tulip IT - Well, overall its a buy reco, buy in the range of 170-171, SL 168.5 trading basis, target 8least a 169-170, OR reverse ur position to a sell, i.e. if it starts trading below 168, wait for a lil bounce upto 169-170 & then short with a SL of 176.5 TGT 165, more weaker below 165 for a tgt of 160. Risk reward ratio is not in favour of a short @ 170, so please consider it as a risky call.

Century tex. - Conservative who booked >470 can re enter, agressives SL now 455.80. Resistance @484-487 if cleared with volumes, then 518-525 is on cards 4sure.

GVKPIL - w8 for a lvl of 44-44.5, SL 42.5 tgt 47.8, tgt 2 -50.7. Agressive can take a risk to buy now.

REl CAPITAL - Looking good, conservative W8 4a lvl of 795-792 to enter, Agressive buy 804-802, tgt 8least a 818, tgt 2-830

PFC - Looking good 4 a 330 ++ if 310 is not broken now , take 310 as a closing sl & buy in a range of 316-314.

Indian hotels - Weak only below 105.4, make it a sl now.

Vishal retail - Hope people bought !

IFCI - seems, would do 61-62 today.

Our trades till now suggest that success ratio of COnservatives is over 65 % , whereas agressive is less than 30 %. To know difference betweeen functioning of a conservative & an agressive trader, please follow d following link

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


Happy sailing !

OM SAI RAM





P.S. - well guys, i am neither in favour of modification nor anybody would have found any posts modified to increase % success, but i hope people will forgive the typo erro. in the above post tgt 169-170 is typing error. if we are generating a buy in the range of 171-170, how could be a tgt be 169-170. In fact it was 179-180.

Trade updates !

Hello friends
here is a latest update on my ongoing trades.

UTV SOFT - Agressive stopped out. ( i hope friends remember conservative made money )

IFCI - Conservative tgt completed, booked out. agressive keeps carrying sl 55.5.

BEL - B/o above 1860 ( mentioned in earlier post ) but since conservative & agressive both have a convenience of buying at lower level, i recommend to carry, else conservative can pocket this handsome profit of 5-6 %.

WWIL - Stopped out.

OFSS - Stopped out ( just by 5 rs, but discipline is discipline ).

ABAN - Agressive also stopped out @ 822 ( just 1/2 % above the level where conservative pocketed a handsome 8 % profit )

Indian hotels - Agressive keep carry with a SL of 102, conservatives already had a handsome 4 % profit.

We are gifted with following valuable lessons from above trades. ( learning is an ongoing process. In trading not only failure but successful trades also carry vital lessons )

1. Lesson from UTVSOFT, ABAN, IFCI,Indian hotels - conservative approach has an edge over agressive approach, as conservative gets out with a 4-6 % profit in a shorter time frame, wheareas agressive kept carrying either to stopped out at cost to cost or a profit which is not handsome than conservatives in comparison to time frame they hold.

2. OFSS & WWIL - Even if a volume & price B/O occurs, its worth waiting for a dip to enter to maintain the disciplined approach of making risk reward ratio in our favour, so that even if we stop out, we exit with a minimal loss.

Would like to put up a fact, which is from my heart before my readers.
Data from my sitemeter suggests that my fellow readers keep visiting my blog for an updation. But they would have disappointed for the same. Let me put up valid reasons for the delay in updations.

1. My commitment to the stationery business i own.
2. As i wont let my readers to be indulged into over trading.( its worth having a lesser no. of 4-6 % profit trade rather than numerous other trades to balance our pocketed profit. )

3. My commitment to my readers doesnt allow me to come up with a trade until i see a favourable opportunity.

I hope my readers agree with me & keep co operating.
Dont forget to tune into my blog for a Saibaba Bhajan & most probably with a block buster trade on SAI VAAR.

Till then happy sailing.

Jai sai ram.

Trade summary + functioning of a volume-price trader(VPT)

Hello friends

Its been over a week now that i started blogging. Today being a month end decided to put up a quick summary for trades initiated so far. This will also make my reader familiar with volume-price trader ( VPT ) so that i may not have to put up a detailed following on for all my future trades.

U might find it bit stretched but focused reading is highly recommended.

*** bold & italics --- please pay special attention ***

V started trading with UTV SOFT & Dhanlaxmi Bank.

UTV SOFT ( success, 4 % gain ) - Recommended to buy in a range of 398-395. since it has been trading around that band for more than 2 trading days, then only i assumed that its bought ( i would restrain myself from a BLA BLA kind of attitude if scrips i recommended doesnt provide us an opportunity to buy @ desired levels ). Along with initiation of trade SL( All my trades wud always be given with a SL, most of the times trading SL rather than a sl on closing basis ) & targets ( Always take a pre assumtion that trade initiated on the basis of price to volume are meant to be booked partially if not fully @ appreciation of 4-6 %. )were also given. It tested our patience ( Dont ever let PATIENCE TESTING close the trade untill either a SL is hit or a TGT is met i.e. dont ever let a running trade be intervened by market mood ) staying rangebound for more than 3 trading days ( 396-404 ) but finally broke out & hit a high of 414.75 ( our recommended booking level was 414-416 ). I feel glad that it respected both my levels. Low was exact a 395.25 & high an exact 414.75. Conservative ( conservative VPT trader trades prefer capital preservation over illogical profits ) traders were asked to book, whereas agressive ( agressive VPT trader is a greedy trader, he is ready to give up the lil profit offered by markets to gain higher profits ) traders were suggested to carry with a SL of 398 , then 400 & 401 resp.( This is why trailing is meant for , trailing lets u expect more if scrips overshoot if not at least helps u cut the trade cost to cost. )

2.Dhanlaxmi Bank ( trade not initiated )- Clearly mentioned to initiate a trade only @ 168-169, also mentioned not to buy even @ 168-169 if a high of 177-179 is already made. ( Clarity wud always b there in my recos,i know clarity doesnt augur good for report card of a analyst but i am ready to accept a failure rather than cheating my readers with a " read between the lines " kind of attitude. as my readers' trust is more worthier for me than a brighter report card )

3.Mcdowells ( cut cost to cost ) - It was a short call ( like my mentor Nooresh i find myself uncomfortable with short calls untill more than sure ). & i term it as a success as i was able to let my reader come out of the trade cost to cost.

4.Tech mahindra ( Cut cost to cost ) - That trade was initiated for a quick 15-20 points of a gain in dieing ( a big no no for such trades, i avoid initiating or monitor our positions in initial or dieing minutes of trade ) minutes of the trade . If i recommend such kind of trade, please pre assume that trade has either to be closed if tgt/sl hit or the time ends.

5.Indian hotels ( success, 4 % gains ) - This is a perfect example , what VPT trades for. Volume erupted, b/o happened, we awaited for a certain level( whichever analysis u use, always wait till risk reward ratio comes into your favour, make it a golden rule, ur successes would be more than the failures ) to enter. & booked out @ 4 % ( a conservative VPT places the sell order @ 4 % if a buy is initiated, wheareas a agressive VPT places a sell order of at least a 50 % or more quantity @ 4 % to maintain the comfort level to carry the rest for a bigger target, until da trailing sl hits ).

6. PFC, FED BANK ( Failure, SL hit ) - These both were neither a conservative or agressive trades but a IMPULSIVE trade. & taking lesson ( always keep a trade record of ur failures and successes, this habit lets u not to repeat the same mistakes in ur future trades & boosts ur confidence in testing times ) from the same i have decided to control my impulses ( readers are also suggested the same ) to create wealth for my readers.
Even then these 2 traders were not a complete failures, since we awaited till risk reward ratio comes into our favour ( make urslf a set of rule and always follow it ) before initiating our trades & we not always knew our sl's ( Sl is to trading what contraceptives are to love making ) but also placed them as soon as the buy was initiated.

7.-BEL ( Trade is still on ) - This trade awarded us a label of PATIENT TRADER as we awaited it to come down 8-9 % from a high of 1860 to 1695 ( or we would have avoided it ) to initiate a trade.

8.-Grasim ( Fail , SL hit ) - VPT identified that it has got a supply in the band of 1840-45 and patiently awaited for it to come down to level of 1795 to initiate a trade or rather he would wait for it to cross that resistance band to take position. But we bought it & as a matter of discipline our SL hit.

9. Aban ( most successful VP trade so far, over 10 % gain, that too within specified time period ) - VPT identified a supply @ 760 band, and awaits it to cross this resistance. It gave us ample of opportunity to enter the trade and since it was a B/o we always believed it should not come back into this range ( else we would have squared it off ). Conservative already booked @ 818 ( as disciplined trader the sell order was placed @ 818, our target, as soon as buy was initiated ) & agressive ( always books 50 % @ 4 % or a desired target ) is trailing it with a SL of 822. ( 794 & 807 earlier TSL, it keeps trailing following the share price )

So, what are the inferences drawn from trades so far to describe the characterstics of a volume/price trader :

1. VPT ( volume price trader ) identifies the volume b/o in a stock.

2. If range b/o also happening that is a merit to VPT.

3. VPT awaits to initiate a trade till risk reward ratio comes into his favour.

4. As soon as the buy initiates, VPT places a SL.

5. VPT tries to identify a supply band & places a sell order @ band.

6. If supply band is not identified, conservative VPT places a sell order @ 4 %.

7. Even a Agressive VPT books out 50 % quantity @ 4 %/identified resistance .

8. Agressive VPT trailing sl follows the share price movement.

9. Conservative VPT doesnt mind if scrip overshoots as he has pocketed the desired profits.

10. Agressive VPT doesnt mind to cut the trade cost to cost in expectation of a bigger profit.


11.VPT doesnt let market sentiment intervene to close its running trade before either a SL is hit or target is met.

12.VPT has got a bottom up approach as he believes there is always a bull market everywhere, so he doesnt short untill he is doubly sure.

13.VPT places SL & sell order as planned, moreover he doesnt gets excited during initial and dieing hours of the trade except the planned trades.

This is how a VPT trades & i hope my attempts were sufficient enough to clarify any doubts about volume price trading, even if some doubts are there , my readers are more than welcome to put them up before me. i would try my best to clarify the same. also looking forward for the modifications/criticism suggested from my readers to bring upon mandatory improvment in me not only as a vpt but a blogger and a human being also.

wishing u all the very success in all ur trades.

happy sailing
please find a SAI NATH bhajan in the following link, i hope u people are enjoying it.

http://www.4shared.com/audio/SUfWcM2B/Ab_Samjhe_.html

SAI NARAYAN NARAYAN HARI HARI

P.S. - Why i chose only HAPPY SAILING as my tagline, please answer through comments to speculate. i am sure most of you people wud easily make the right guess.

Trade update : Indian Hotels

Let me put up a fresh trade before u !
Indian hotels : Volumes have been attractive today, and also making a HH & HL pattern on a daily & weekly scale.
So, a long trade can be considered with a small SL.
Try buying it in a range of 103-102(for conservative traders ), OR a small quantity @ 103.5-103 & rest close to 102(this set up is for aggresive traders ).
Tgt. -106.5-107, conservative traders book out 70% of ur longs. Agressive traders may keep a delivery ( provided that it doesnt close below 103 today.
SL- 100.90 on trading basis(same for both kind of traders)
Disclaimer : Author of this blog are not responsible for any losses if incurr due to any trade shared here on this blog as these trades are just for educative purpose.

THANK YOU ALL + trade updates

I am actually overwhelmed by the visits, wishes mentioned and moreover responses towards my initiation to blogging.
THANKS ALL OF U.
Its specially an honour having I Lango sir, Javed sir, Nandi sir, Jagmohan sir visited my blog within 24 hours of its initiation.
And its only due to all of u that i am really feeling responsible towards posting anything on my blog. Blogging is a huge responsibility as u really dont know how many people would have followed u. And all of u guys have realized me about this responsibility.

This weekend i would be posting an article about my trading experience , style and my approach to trading.

For the meantime please find follow ups for the trades shared by me
1.Dhanbank- did not initiated.

2.UTV SOFT- trade initiated, volumes not encouraging, moreover is making LH & LL pattern. If hold delivery, put a SL of 394.90 on a trading basis if conservative trader OR a trading sl of 389.90, if an agressive trader. Moreover tomorrow look forward towards a volumes>25000 @ NSE before 11.30 am, if not, dont hesitate to wind up ur positions.

3.MCDOWELLS - Since trade was initiated for intraday only, i hope people would have offloaded their positions 2day itself. If somebody had taken a positional stand, humble request, please dont convert ur intraday positions into positional untill and unless specified, be it suggested by anybody.Now please strictly follow a SL of 1281, and if opened gap up above 1281 unwind the trade immediately.

4.Tech mahindra- since it was an impulsive trade, and was taken for intraday only, i assume, trade has been sqaured up cost to cost again 2day itself.

I have been asked a question by Ushabalaji asking about how to place a stop loss on trading terminal. I really feel a pleasure to reply to this question.

We take 2 types of trades, either long trade or short trade. Now different trading terminals have different ways to put Sl. Here i am mentioning about odin diet.

1. If a long trade has been taken, we got to place a selling SL. For example, if today u would have taken a long trade, i.e. u bought UTV soft@ 396.50, putting a SL of 393.90 means, as soon as it trades below 394 ur bought positions would be squared off.
to put a SL for long trades, u got to hit sell button on ur terminal. On the first tab, there are options of RL=regular trade, SL = Stop loss. When u buy , u choose RL, but while putting a trade for SL, please make selection for SL. Put desired quantity. But, a lil difference in putting a RL and a SL. While putting a RL u got to put only a BUY PRICE u want to buy, but while putting a SL, u also get to put a Trigger price also. So, in first place , put ur trade price i.e. in our case it is 393.90, and then trigger price which is lower to the trade price u would have put. If 393.90 is a SL price, trigger price can be anything lower to 393.90, i.e. either a 393.50 or 393 or 392 or even 391. The difference between SL price and trigger price varies from trader to trader. I prefer to put a difference of at least 1/2 % of share price, so as to it doesnt jump while triggering it. So in my case, trigger price would be at least a 392.50. now my SL price is 393.90 & trigger price is 392.5. That indicates whenever UTV soft dips and trades below 394 my trade would be squared of if a buyer is there between 392.50-393.90. This is how SL is placed.

2. Now in SHORT trade, take example of MCdowells, we shorted it means we sold it @ 1273. now putting a SL @1281 means if it trades above 1281 our sold position would be bought.
For placing a SL for shorted position , we got to place a buying SL. Simply put a BUY order, and instead of selecting RL in the first tab, select SL. follow the above procedure, put in no. of shares in quantity, then put a sl price as 1281. Now a lil differnce, in case of a SHORT trade, since sl placed would be a buying SL. so the trigger price this time would be a value higher than 1281, in my case i would put a trigger price of 1287.

So, ushabalaji, this is how SL is placed on a trading terminal.
Sorry friends, u all might actually find it silly to answer the above question this much in details, but i thought since this kind of minute information is not available everywhere, so taking chance, assuming it might be a help for my readers. Thanks for ur patient READING.

Shri sadguru sainath maharaj ji ki jai.
Leaving u guys with a Saibaba bhajan , since today is a SAI vaar.
http://www.4shared.com/audio/00OjzqTb/ab_too_hi_dekhe_bhale.html