A plunge in Indian Stock market

[sspms2002]

Hi,
I am also looking for a mentor who can really guide and steer me through.

Hi Moonlite..Welcome to the Exciting world of Stock Market...
Hope to see you start live trading soon..we can share our results here and also analyze different strategies...

Happy Trading..

 

[sspms2002]

After a slow last week...the Market moved in range today also..
But i guess i had over traded last week so i only looked at one stock today...or may be because i got profit initially so didn't wanted to lose it for today..

Stock Traded: BHEL
P&L : Green 816 after commissions

I only watched BHEL and had one more opportunity to trade at good level when it broke 250 , but i was too slow to get in. There was a size of 25000 at 250 , i had thought that as it will start breaking i will also get in..But it vanished in seconds...and i couldnot get in..

But it was good to watch the break out at least...

 

[Moonlite]

Thanks........sspms2002
Monday Blues!!!!!......instead of short went long in tisco, which opened and went up and then fell down. Still went long thrice with negative result. However got out with little scratch.

Rest of the session played short and exit on target. After + * - finished day in +.

I think its safe to stick with short only.

 

[haruns]

Hi sspms2002, :clap: nice to see u are ending up green day after day. you probably have discovered edge in the market. :clapping: be aware beginner scalpers lose more in one trade than they make in 10 trade.

 

[sspms2002]

Thanks........sspms2002
Monday Blues!!!!!......instead of short went long in tisco, which opened and went up and then fell down. Still went long thrice with negative result. However got out with little scratch.

Rest of the session played short and exit on target. After + * - finished day in +.

I think its safe to stick with short only.

Hey Moonlite...It is one of the best feel when a negative is turned to Positive..
But viceversa is also true..

It takes a lot of courage to turn around from Red to Green...

How are you employing the shorting technique? As you said earlier .. is it on Pullback on a falling stocks?

 

[sspms2002]

Hi sspms2002, :clap: nice to see u are ending up green day after day. you probably have discovered edge in the market. :clapping: be aware beginner scalpers lose more in one trade than they make in 10 trade.

Sure Haruns...Keeping a Green at the end of the day gives confidence..
But i guess we should have a variety of trades..Red + Green to learn more...

I am with IB..and i am happy that i am able to keep little green after a lot of commissions...

 

[Moonlite]

Yes, shorting on pullback......so far working for me.

 

[sspms2002]

Yes, shorting on pullback......so far working for me.

I also like shorts compared to Longs...but from my start of trading a few weeks back till now...the market has been remaining strong...so unable to find many good stocks for Short...
One i found initially was DLF..

You are looking only on TISCO or others too?

 

[rajivr01]

Dear sspms...buy pipava defence...bajaj hindustan....oil india....bharti....

 

[Moonlite]

Only TISCO!!