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