Hello friends !
First of thanks 2my mentor Jagmohan ji who has honoured me being my blog friend. I have been always impressed by his methods of explaining complicated things in the most simpler ways.
Then would not refrain from mentioning that this is not a scheduled post but a thrusted post. Well the Sai Bhajans being posted till now were receiving < 5 downloads, but on the latest when i posted Hanuman Ji in Hawan Fire, it has received < 130 responses till now. I am being disappointed that readers are not interested in the bhajans posted by me. That might be due to the reason that they might have other links for the same purpose, but let me assure all of you that the bhajans posted by me over here would be carrying some uniqueness & distinction. So, dont miss to visit every SAI VAAR.
Please let me give proper credentials to the Hanuman ji Chamatkar. Shri Shri Shri 108 Manoj Ji parashar, who is a son of a policeman Shri jagdish parashar, indore was working with a responsible post in Indian Oil. After his 6 years daughter being saved in a balcony collapse some 7 years ago, left that indian oil job to dedicate himself completely into SAI DEVOTION. He has been amazingly blessed by the ALMIGHTY himself . Through his devotional life he has been spending on the name of Shri Sai baba he has inspired MANY A THOUSANDS common man, to the path of SAI BABA BHAKTI, including myself. The photographs i would be posting, are taken at several occasions of the Sai Baba Hawans he performs every thursday or sunday on the request of his followers at follower's place, assured of Sai baba's arrival on the auspicious occasions. Sai baba surely appears either in the Hawan fire or any other forms, which would be presented before my readers in the following days.
Let us talk about share market now.
Well, interactions with my few readers show that there are still some confusions amongst my readers about my trading style. So, i would request my fellow readers to please go through following links not only to clear the doubts about my trades but also to restrain me from deviating myself from rules set for a volume price trader ( VPT )
1.-http://stock2gains.blogspot.com/2010/06/what-is-your-trader-type.html
2.-http://stock2gains.blogspot.com/2010/06/why-to-put-stop-loss.html
3.-http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html
& then let me clear specifically some freshly raised issues by some readers.
1. VPT doesnt intervence an ongoing trade until a SL or TGT is hit, irrespective of market sentiments, since we believe in a stock specific approach.
2.Please click on the LABELS link provided with each post to go through the views expressed earlier about a particular trade.
3.A sell order is immediately placed @ 4 % from bought price as soon as a buy is generated. ( It is left on readers whether they book full quantity or a partial quantity but i recommend at least booking a 80 % quantity for a conservative trader & a 30 % for a agressive trader, carrying the rest with a valid TSL )
4.Conservative success % has been over 65, wheareas agressive has been < 30, Choose ur trade & decide before initiation that what type of trade it would be. ( http://stock2gains.blogspot.com/2010/06/what-is-your-trader-type.html )
5. I wouldnt want my reader to be indulged into over trading, i.e. my fresh trades are not for the reader who is already holding 4 or more positions. So, either square off ur earlier trade with which u r not comfortable or avoid my latest trade. Reason being market doesnt have a tendency to alert a trader, before crashing & has got every right to crash big & quick anytime. A trader wont be able to monitor 7-8-10 trades at a given point of time.
6.I would soon be starting tweeting as soon as confidence lvl raises, as i am not that tech savvy person.
7.Till then i would request my readers, 2 be in my follower's list in order to track my latest post.
8. Nobody can deliver 100 % accuracy in terms of success rate for the calls, even my initial motto is just to have successes more than failures for the time being.So, i would request my readers to pray Maa Saraswati to communicate through my blog so that i may achieve my aim to create wealth for my readers.
Thanks
regards.
P.S. - On the request of Mr. Bala, i am reposting the bhajans i removed earlier. Please have a note
http://www.4shared.com/audio/g7t4w_MW/AAKE_TERE_DWAAR.html
http://www.4shared.com/audio/MIwc9Fz6/Ab_Samjhe_.html
http://www.4shared.com/audio/HElqk5Sn/ab_too_hi_dekhe_bhale.html
I hope people are enjoying.
MY prayer are in the Charans of Shri Sai Baba that all of their children attain a stage so that they all can claim
" Duniya ko kya apni hasti ko bhula baitha hu, jis din se lagan apne sai baba se laga baitha hu. "
Anantkoti Brahmand Nayak Raja Dhiraj Yogiraj Parabrahm Shri Sacchidanand Sathguru Sainath Maharaj Ki JAI.
Showing posts with label vpt. Show all posts
Showing posts with label vpt. Show all posts
Sunday, July 18, 2010
Wednesday, June 30, 2010
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.
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.
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