Trade updates + Sai bhajan

Hello friends

Wanna mention, instead of creating new post only for 1 or 2 trades, i have decided to suggest fresh trades through comment section of the last updated post. So, requesting readers to visit comments section also on regular basis, for fresh trades updation.

Lets get back to work.

HCC - we missed to buy HCC by 3 rs. only, but mega rise in HCC proved that if bought, it wud have been an instant success( yet to be marked as " trade not initiated " )

Biocon - Buy initiated for agressives only & they booked out also a 50 % quantity as per 4 % rule @ 322.

MRPL - we were supposed to buy < 72, which did not happen. A short sell has been suggested & been initiated. Keep a SL of 82.05 now. Buy agressively, if trade < 72.

OFSS - Again, we could not buy. Trade not initiated.

Indian hotels - To be bought either close to 98 OR > 103. Keep it on radar.

Ultratech cement - Sold @ 867, Sl now 874. Tgt 845 & 831.

PFC - Sold @ 331. SL now 334.05. Tgts 318/310/296.

Orient papers - Quantity bought close to 52, suggested to book @ 54.6, as per 4 % rule for conservatives only so as to reduce buying cost by 2 rs.

Since, its a SAI VAAR today, here is a Sai baba bhajan 4all of u. ENJOY.

http://www.4shared.com/audio/J5ekpv7o/Baba_Ki_Rehmato_Ka_Ye_Kamal_De.html

Happy Sailing.

Om Sai Ram.

Trade updates + Sai Bhajan !

Trade updates

Sterling biotech - everything happening. Volume increased, resistance band of 107.5-108.5 conquered, Sl 105 guarded.

GVKPIL - Buy initiated.

Vishal retail - 51-53 band wud prove now a stiff resistance.

Orient paper - 1/5 th quantity bought, waiting for a dip to buy the rest.

Keep these scrips on the radar now

MRPL, Biocon, HCC, & OFSS.

would come up soon with the details as soon as the opportunity knocks in.

Please find the Sai bhajan in the following link & enjoy your Sai Vaar.

http://www.4shared.com/audio/4Fq0_J36/Adbhut_hai_tera_naam_sai.html

Happy sailing.

Om Sai Ram.


P.S. - Watch out this space for my MONTHLY PERFORMANCE REPORT, this weekend.

Sai Vaar 2day - time4 a baba bhajan !

Hello friends !

Trade updates 1st

Ptc - Agressive carrying, SL shifts to 107.5.

Sterling biotech - Buy generated. Keep carrying as mentioned.

Dcb - Meets another tgt. Now only medium term tgt of 56-58 remains due.

FRESH TRADES

Orient paper - Every dip is a buy . Keep a strategy to buy 20 % of the desired quantity at every 2 % dip OR b patient enough for a full throttle buy around 50 mark. Positional bet. Tgts 59, 69( medium term ) & 83( long term ).

Here is a Sai baba bhajan 4all of u, since its a SAI VAAR today.

http://www.4shared.com/audio/iJZ7o9Lo/MAIN_BALAK_HOON_SAI_MERI_MATA.html

& since it was a week full of success , here is 2nd bhajan in the same week, a PUSHP in the charan of my SAI MAA.

http://www.4shared.com/audio/rERrN2-K/Aaj_Guruwar_He_Sai_Tera_Var_He.html

Wish u all a happy SAI VAAR.

Happy Sailing.

OM SAI RAM

Trade updates + Sai baba bhajan !

Dear friends

Please have an update on our ongoing trades

1.- Vishal retail - Buy generated both for conservatives & agressives

2. Century textiles - 1 st tgt completed, i hope conservatives booked smart 3% gains, agressive keep sailing with a TSL of 454.

3.-BEL - i hope conservatives booked smartly as suggested to them the 7-8 % of gain, if not even then they locked a handsome 5 % kind of returns after their sl hit @ 1785. agressive sl remain same 1750.

4.-HDIL - Our sl in hdil saved us from a big loss, also taught me an important lesson. now onwards i would be restraining myself from shorting calls.

Keep an eye on GVK power

Presenting b4u a Sai baba bhajan, i hope baba's devotees are enjoying the stuff.

http://www.4shared.com/audio/rK3a13F4/APNE_MAN_KE_KORI_CHUNARIYA.html

OM SAI RAM

Trade updates + Sai baba bhajan

Hello friends

Here is an update for our ongoing trades

Indian hotels - Agressive, raise ur SL to 103.25, trading basis.

IFCI - Looking good, most likely to hit 60 + on thursday, raise SL to 56.5

BEL - To me its looking very good, if somebody not comfortable, sl 1750( trading basis)

Following is a Sai bhajan link, since its a SAI VAAR today.

Block buster trade due for friday/monday.

Love, sex aur dhokha & trading, most probably not before next SAI VAAR .

Till then, Happy Sailing.

Om Sai Ram.


http://www.4shared.com/audio/IW1Q-y7k/AAKE_TERE_DWAAR.html

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.

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