Wishing you all a very Happy Id-ul-Fitr.......
missing the yummy biryanis my friends' moms make !!!
And May Lord Ganesh give everyone a lot of wealth.
And May Lord Ganesh give everyone a lot of wealth.
Tuesday 30 August 2011
Tuesday 23 August 2011
Trade ideas for 24th August, 2011
As mentioned yesterday, I will not be positing price points till Tuesday the 30th August.
Monday 22 August 2011
Trade ideas for 23rd August, 2011
After tomorrow, there will be no posting till 30th August, which means there will not be any price points from 26th August till 30th August........off on business and then holidays.
Friday 19 August 2011
Thursday 18 August 2011
Trade ideas for 19th August, 2011
Momentum preceeds price.......therefore if you see strong momentum, keep to that side of the market.
Performance for 18th August, 2011
Out of 30 trading days of this blog, there has been only 5 days of loss with an average daily profit of Rs. 3747.73, which equals to an average daily return on capital of 1.87% (capital = Rs. 200,000). The Rs. 100,000 profit level was crossed in the 27th trading day.
Wednesday 17 August 2011
Trade ideas for 18th August, 2011
The markets are in a range, so do take quick profits......whereever the price stalls.
Performance for 17th August, 2011
BSE top ten move in different direction......and money could be made on most of them !
Tuesday 16 August 2011
Trades ideas for 17th August, 2011
Remember trend is your friend....dont fight the market. Look for momentum and join the direction of markets !
Friday 12 August 2011
Trade ideas for 16th August, 2011
I have realised that during trading, many daytraders let their loss position run till it hits an amount of loss which they can no longer take, in many cases, wiping out their equity. The greed of "maybe the market will turn and they can decrease their loss", leads to a position of larger loss. The traders who can turn this greed into fear are the most successfull traders.
Easier said than done ? Not really ! If a trader can be disciplined enough to set up a stop loss point for every trade, the emotion goes out of the trade and so does greed. Then once the stop loss point is reached, fear takes over and makes it easier to get out at a bearable loss.
Dont be a David and fight the market.......with money in the pot, there will always be another day......
Performance for 12th August, 2011
A 3 day holiday for all you traders................Happy Independence Day !
Thursday 11 August 2011
Trade ideas for 12th August, 2011
The American ego has been very hurt with the ratings downgrade, so they are trying to find scapegoats across the pond. Why not France and why us.....the question Maria Bartiromo has been asking every guest on her show !! The answer....US politicians are a bunch of jokers who have no respect for simple economics. The European politicians have taken the downgrades and the pain of roits and strikes.....but what does US do.....just keep printing dollars !
When markets rise, it is because of the US and when they fall, it is because of Europe.....been hearing that everyday on CNBC since February. How come sub prime, Bear Strearns, Lehman, multi trillion dollar deficits and a downgrade has had no impact on markets, while Greece, Portugal, Spain and Italy are the only reason for the markets to fall ???
How much of recent volatility is due to George Soros unwiding his funds leading to margin calls for others and selling from program traders, I wonder ? Guess markets will remain volatile till the American's come to terms with thier own problems instead of pointing fingers at others.
Performance for 11th August, 2011
The markets are very volatile and are gapping most of the days now. So taking quick profits is very essential. Wherever the market stops and turns against your trade, get out. If not sure, want for the price to stabilise for about 30 mins and then if it breaks the range against your trade, get out.
Wednesday 10 August 2011
Performance for 10th August, 2011
Some shares gapped so much that no meaningful amount of shares could be traded to keep stop loss amount within reasonable limits.
Tuesday 9 August 2011
Performance for 8th August, 2011
Negative for the month of August !! This does not change anything about the way to trade and the determination of the price levels.
Monday 8 August 2011
No posting today
Sorry guys, I will have to take a break from posting the performance numbers and the price points for tomorrow due to work pressure on the back of US downgrade and ongoing issues in Europe.
Should be back tomorrow to post numbers for day after.
Should be back tomorrow to post numbers for day after.
Friday 5 August 2011
Performance for 5th August, 2011
Normally, I would not trade in a market that gaps so wide. Main reason would be that the stops will have to be too far away from the entry points. And If I did have to trade, first I would decrease my positions size (as I have done for my calculations) and second I would take quick profits....there was actual profit in all the shares within the 1st 2 hours.
But for the purpose of comparision, I have closed positions towards the end of the day, unless there was a pronounced congestion for 30 mins or more and a then a break out against me like in TCS and Bharti.
Thursday 4 August 2011
Trade ideas for 5th August, 2011
Equity markets are dynamic.....so if one takes profits once the market stops moving and starts to move sideways, one could outperform the performance being put up here.
Performance for 4th August, 2011
Losses are part of the cost of running a daytrading business !!
I did take the short position on HDFC Bank and Bharti today and made a bit of a money......not much as I had only the last one and a half our left before I took the trades.
Wednesday 3 August 2011
Tuesday 2 August 2011
Monday 1 August 2011
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