In daytrading, taking profits when prices stall is as important as having tight stops.
Friday 29 July 2011
Performance for 29th July, 2011
Difficult day for this strategy unless trading in and out. Just managed to survive !
Thursday 28 July 2011
Trade ideas for 29th July, 2011
The only way to make profit is to know where your stops are before entering a trade !
Performance for 28th July, 2011
Another great day to make money in the Indian markets !!
All you contrarians must be getting ripped apart !!
Wednesday 27 July 2011
Trade ideas for 28th July, 2011
Volatility in the coming days in the Indian markets makes it very good to trade.....particularly day trade. But one needs to book profits too !
Tuesday 26 July 2011
Trade ideas for 27th July, 2011
Unlikely inflation will come down significantly with a 50 bps hike in rate !
Performance for 26th July, 2011
Some of the price points were typos and not clear. Sorry about that.
Monday 25 July 2011
Friday 22 July 2011
Trade ideas for 25th July, 2011
Total return on capital till date assuming 10% deposit with Rs. 200,000 exposure to each name since 26th June (start of proper position sizes) works out to 30.69% !! If more deposit is required, then it will fall in proportion.
There was ofcourse a gap of 2 weeks when I was on holiday. With the 2 week gap, for the month of July till date, return on capital (10% deposit) is 13.25% !!
Since the beginning of the blog till date, there was only one negative day.......28th June !!!
Performance for 22nd July, 2011
Again easy markets to make money. Short selling was not an option today.
Thursday 21 July 2011
Performance for 21st July, 2011
I did take the TCS short trade in the afternoon India time, but the market went dead slow and had to cut at a the end of day at no loss/no profit (after brokerage).
Wednesday 20 July 2011
Tuesday 19 July 2011
Monday 18 July 2011
Trade ideas for 19th July, 2011
Hopefully there will be more volatility tomorrow for decent profits !
Performance for 18th July, 2011
Range bound and slow market. But there was still some money to be made !
Friday 15 July 2011
Performance for 6th July, 2011
Sorry for not posting for a long time......was on holiday and I usually am away from a computer when on holiday !! But I am back now and there will be regular updates till my next holiday. Here is the performance for the last time I had put up the prices.
Tuesday 5 July 2011
Trade ideas for 6th July, 2011
Never short a dull market !! So if markets are dull, dont do any trade.....go away and do something else.....like write a blog !!
Performance for 5th July, 2011
Even on a day when the market whipsawed, one could still come out unhurt !!
Monday 4 July 2011
Trade ideas for 5th July, 2011
Sorry guys, I could not post the price points for 4th July. But then there will be some days I will not be able to due to either work pressure or personal commitments. And then, one doesn't HAVE to trade every day. One needs a break sometimes !
You trade to live, not live to trade !!
Performance for 1st July, 2011
Sorry for the delay......but I find it difficult to get away from golf & my son on weekends to get to the laptop !!
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