A plunge in Indian Stock market

[sspms2002]

Today was another slow day for me..i guess after a travel for the long weekends...

I got a good start in morning...playing ADANIENT...i was up 1300 at around 10.30AM..

Then i started to lose it slowly...as the market was hovering around neutral range...

and i lost around 1000 in next 1 hr...and i closed it then.

Stocks Traded: ADANIENT , COALINDIA
P&L : Green 282 after commissions

 

[sspms2002]

Many traders here when lose blame it on institutions saying they are manipulating the market not knowing that institutions don't even care about retail.They only care about orderflow. There only job is to find orderflow to fill their positions and move markets as they see fit to make a profit. The orderflow could be comprised of other institutions or retail. Either way retails is very small.

So if you want to make money, you have to trade with institutions and not against them. Every time you lose money when your SL is hit you went against the institutions.

Sorry i couldnot reply earlier...Yes you are right..Big players donot manipulate..indeed they do manage order book to get them filled..

That exactly is my query...If a big player wants to buy lots of shares as the news is good..how can they accomplish it....(remember i am talking of stocks where free float is not too high..means freely tradable shares are less in market)..so how can they devise order flow so that they can buy enough..

If I had been one...i think i would create a selling pressure first..so that retail joins me in...and sells their shares..and i would also put opposite side order to get their fills..

Once I have got my fills ..i would then start buying from Market and push the stock up...and all the new shorts in an attempt to cover them will drive it further...my average buy price would be less than when i started...this is not manipulation , but a way to get them filled..but how can retail take advantage of it..?

Any suggestions/Views...?

Also can you eloborate how

 

[throwawayacc123]

Sorry i couldnot reply earlier...Yes you are right..Big players donot manipulate..indeed they do manage order book to get them filled..

That exactly is my query...If a big player wants to buy lots of shares as the news is good..how can they accomplish it....(remember i am talking of stocks where free float is not too high..means freely tradable shares are less in market)..so how can they devise order flow so that they can buy enough..

If I had been one...i think i would create a selling pressure first..so that retail joins me in...and sells their shares..and i would also put opposite side order to get their fills..

Once I have got my fills ..i would then start buying from Market and push the stock up...and all the new shorts in an attempt to cover them will drive it further...my average buy price would be less than when i started...this is not manipulation , but a way to get them filled..but how can retail take advantage of it..?

Any suggestions/Views...?

Also can you eloborate how

They have algos for that these days. Doesn't matter if its free float stocks or futures/options.The game is as old as the hills. Accumulation/Distributions strategies. you can see this on the chart all the time. They accumulate and move and then distribute.rinse repeat..This is in essence the market.

About how retail can take advantage of this?

Learn to read price action. Reading PA is a skill. It requires lot of screen time, testing of your ideas/strategies. I don't want to make it too easy for you lol. I have already given you a hint. .

 

[sspms2002]

Today was a lazy day of trading which showed itself on the P&L.

I started with Coal India and bought 300 shares at 382..it started moving up albiet slowly...

Slowly till 11.30 it reached 386-387 range and i was seeing a comfortable profit of around 1400+...

But then i was feeling very sleepy and thought that this stock is looking good to go more upwards , i can have a small nap mean while..

I woke up at 2.30 PM...just to see that it had slowly retraced back to 381...It was negative 300 on the P&L then..

But i was not in mood to sell it then...i held it for another 30 mins..and sold it off at 384...

Stocks Traded: COAL INDIA
P&L : Green 400 after commissions

 

[sspms2002]

Govt has decided to sell around 10% stakes/shares of COAL INDIA.
It seems the process will begin tomorrow..

Thank god i didn't took delivery of COAL INDIA today. I am expecting a good fall tomorrow..

 

[sspms2002]

I had a mixed day today the first half was mine and i was in control and in the second half the market or i would say my negative mindset was in control..

I had thought yesterday that there would be easy money SHORT in COAL INDIA as govt is going to sell share..But what happened in morning is totally different..
The stock opened gap down around Rs 15..i though that its just a start and it would fall further..I shorted 300 shares....just to get out with a loss of 600 in next 15 mins..it was moving up or sideways....

Then i played some other stocks...i could cover up my losses...

I also played ADANIENT...SPARC..and controlled my STOPS and booked profits when it seemed in doubt..


I slowly went up to 2200+ in profits at around 1PM...I had a hunch to close it then...


But after sitting idle for some time..i watched Reliance..it was up a lot..and it was trading in a small range...i though of taking a trade in that Range...that BOX kind of trade..(although i do not do it )..But it was around 2 PM..and it broke that range and i was caught in opposite trade/side with loss of around 1000.


Then my mind was negatively affected..and i took position in another stock SPARC...it was down a lot..and i though that it should recover a bit in last hr...i was LONG 300 shares at 353...

It started coming down slowly..but i had this revenge thought that either i will get 1000 profit from it or let me lose it all..
Ultimately i lost 1000+ when i exited at 349 at the last min of market close.


Stocks Traded: SPARC , RELIANCE, ADANIENT , JET AIRWAYS , COAL INDIA etc..
P&L : Red 220 after commissions

 

[Sunnyraj]

Markets falling badly.....those who might have taken short positions would be enjoying it.

 

[sspms2002]

Today was also a kind of ok day..i traded the open and traded volatile stocks..
Got some big profits as well as losses..

But unlike yesterday once i reached 2K at 12 PM...i stopped for the day...

Stocks Traded: Reliance , SPARC , ADANIENT, RELIANCEINFRA etc..
P&L : Green 2009 after commissions

 

[sspms2002]

Today was kind of day laden with lot of activity...
I started at open and traded SPARC and lost 900 in my first trade..it was only for 30 seconds..then in the same i gained 1200 in another 30 sec..the stock was volatile and i though let me not play it any more..


Then i got a few small profits..
I saw PFC as going strong..I took 300 Long in it..and just when it was breaking up , i booked small profits of around 400 and realized the imp of holding...if i would have held it ..it itself would have given me 2k+ profit easily..

Then i also saw Yes Bank in after noon...it was down a lot..and trying to go up..i took 200 shares at 620 and it was looking to go till 630 at least..

But this is where amateur and professionals differ..as soon as it started its move...i booked at 624...and just for a small pullback there it swiftly moved to 631 then... a lesson learnt....that if you have a good entry price..hold the stock..

I was up 1400+ now...

In the same veins i also saw Asian Paints down a lot ..it was down Rs 48...and it was just consolidating..

Its MACD was below 0 and it was moving up..though it had not crossed the 0 line...i took 200 long...it was showing little profit..but just when MACD it reached the 0 line..a sudden gush of activity started..it tried to go up..but failed multiple times..but i had this impression that it will move up even after a little pull back...but as it was to be...it slowly went down and i held till it had cleaned my P&L..i was net down 300 now..

I played little more of ASIAN PAINTS and gained some money back...but it had surely ruined the day for me..


Stocks Traded: ASIAN PAINTS , PFC , SPARC , YES BANK etc..
P&L : Green 570 after commissions

I am just realizing that having may trades does not let the profits to be high...indeed its when less but quality trades that p&l becomes high...

 

[aryan.]

P&L : Green 570 after commissions

What is 570?