A plunge in Indian Stock market

[sspms2002]

Today was a good day for trading..I got a very good profit in the morning and then could not trade as i was struck to TV..

But i crossed a mental barrier today (making more than Rs 5000 in a day) which was high on my mind from last few months..

My First Trade made me around 4000 in REL Capital on 400 share size..

My Next few trades in afternoon made me around 1000 each on 300 share size..

Stocks Traded: REL CAPITAL , ADANIPORTS , TATA MOTORS
P&L : Green 6063 after commissions

 

[sspms2002]

Today was a mixed day...

The day Started with REL CAPITAL and i was Short 300 shares after it showed a little weakness after giving a move up at opening...

And i saw a little profit and then i added 300 more..and then it started waving around..and also moved against me to show a LOSS of 1400+..

It was a move in less volume so i didn't hit my Out...but as it came near my price...i covered 300 in loss.. and other half then i covered with little profit..

The Bad Addition ruined the move for me and couldnot get any profit out of it..

I then felt that it would be a tough day for me as all stocks were already in green and not moving much..

I stopped..
When i traded a bit in after noon i was LONG TATA STEEL just at the time when it was about to break a level of 561..I was 300 Long..

As it break up..i booked at 564...a total of Rs 600...and that moved went till 569...I left most money on table..(I think it was because of my negative mental setup due to morning and wanted to Book profit first)

AnywaysI traded TATA MOTORS too and booked small profit there too and closed for day..

Stocks Traded: TATA STEEL ,TATA MOTORS , REL CAPITAL
P&L : Green 1291 after commissions

Mistakes: When in good position , let the profit run...

 

[amitrandive]

Today was a mixed day...

The day Started with REL CAPITAL and i was Short 300 shares after it showed a little weakness after giving a move up at opening...

And i saw a little profit and then i added 300 more..and then it started waving around..and also moved against me to show a LOSS of 1400+..

It was a move in less volume so i didn't hit my Out...but as it came near my price...i covered 300 in loss.. and other half then i covered with little profit..

The Bad Addition ruined the move for me and couldnot get any profit out of it..

I then felt that it would be a tough day for me as all stocks were already in green and not moving much..

I stopped..
When i traded a bit in after noon i was LONG TATA STEEL just at the time when it was about to break a level of 561..I was 300 Long..

As it break up..i booked at 564...a total of Rs 600...and that moved went till 569...I left most money on table..(I think it was because of my negative mental setup due to morning and wanted to Book profit first)

AnywaysI traded TATA MOTORS too and booked small profit there too and closed for day..

Stocks Traded: TATA STEEL ,TATA MOTORS , REL CAPITAL
P&L : Green 1291 after commissions

Mistakes: When in good position , let the profit run...

If possible can you post charts and criteria for stock selection ?
We can all learn from that.

One picture is worth a thousand words !!!

 

[sspms2002]

If possible can you post charts and criteria for stock selection ?
We can all learn from that.

One picture is worth a thousand words !!!

Hey Amit...I am running very very tight on my trading and then on work..so actually it is time crunch that is causing me not to put in charts.

Also..I donot use charts much..I do look them before any position..but once iam in position , i only look at order flow...

But i will try to Put in charts..

One more reason is that as i am newbee ..I have still not fixed to any time frame charts...still hunting for best time frame and its chart..


Also Stock selection is mostly news based/earning stocks / or standard NIFTY Stocks which i expect to move good..And stocks in range of Rs 200 to Rs 800 mostly....

 

[sspms2002]

Today was an OK day for me....But it seems it would have been a good day for traders....lot of activity in stocks...


I learnt the importance of Patience for a trader today...
I started with Voltas..as it had earnings today and also it opened deep in red..
I took a position of 300 LONG just at the open....and as it showed a little green i added 300 more...and then it went berserk..it went below my entry price and was showing me negative 2000....

I didnot booked it..but i was about to book it when it started journey back..
I cleared the position in a little green (Rs 450)

If i would have watched it patiently i could have entered at a better price and could have profited more..Also i am not able to add properly till now..


Then after stopping for a while i took position in ZEEL , it was already up and was consolidating in a FLAG pattern..

I took size of 600 at entry...it was waving around a break out area...i held it for more than 2 hrs in that Rs 1 range...when it finally broke i booked swiftly with Rs 3 profit and making around 1800+ in that trade..

Stocks Traded: ZEEL , VOLTAS
P&L : Green 2312 after commissions

Lessons Learnt: Patience is a great asset for Traders..
Learn how to add to winning positions?

 

[sspms2002]

Today was also an OK day for me..I do most of the things in line but then i do one mistake and it negates everything else..

Today at open i though of Trading BHEL , as its earnings were declared last evening and it was below expectations..so BHEL GAP down a lot at Open..

I guess it opened Rs15-16 down..so i thought that it might try to recoup some of the lost ground..I took 300 LONG at open...after showing a little profit it turned against me and i booked Loss of Rs 500..and reversed the position..now i was SHORT 300 Shares and it again reverted back and gave me a loss of Rs 500..

So i lost around 1000 in first 5 min , now as i see it i can feel that it was an indecision period and as more people were coming into play it was deciding where to head..

Anyways i took one more trade at Open in SPARC and made Rs 600 back...

I took a break till 10 AM then...

During the next period i traded multiple stocks..and made some money on WIPRO , BHEL , GAIL etc..

I closed as soon i reached my comfort level..

Stocks Traded: Many..around 6-7 of them
P&L : Green 2111 after commissions

Mistakes: Traded Open with out any plan and also entered too early..

 

[ayebea]

i am newbie....can u pls tell me how can i trade .. i have no idea about it ...Pls send me msge

 

[sspms2002]

i am newbie....can u pls tell me how can i trade .. i have no idea about it ...Pls send me msge

Hey Ayebea...I guess we are on the same boat...I am also a newbee but now 4 months old..

I guess you already may have know how as to how to make money LONG or SHORT...if not just learn them with some You tube videos..

Also i Play only Cash Equities , so i also don't have any idea on Futures/Options

Once We are equipped with basic technical know how..you can start trading with small capital...

You can start with a paper account to learn how to place order and cover them etc..

But to learn how to Trade i guess better would be to place real order albeit with small size to get a real feel of markets and stock movements..

If you are already out of the above bracket..then we can discuss on any specific area you want to discuss..

 

[sspms2002]

Today was a tough day of trading for me..and also i did another classic mistake to ruin the day for me..
I opened with TATA Motors , On a share size of 300 LONG , i booked a profit of Rs 502...

I was finding it difficult to get good moving stocks today...
Then i took a LONG position of 300 in Bharti Airtel...It also went in green and was showing an open profit of Rs 500...and then the call of Loss came...I mean a business call came and i had to attend it..So after talking for 5 minutes , i thought of Putting a STOPLOSS and talk at ease...

But alas instead of putting a SELL STOP , i put up a BUY STOP at a price little higher then market price..and i left...

When i came back after 30 min...the stock was showing me a loss of 1200..

So the stock had went up and trigger another BUY and i was Long 600 now and it still went 50 paisa in my favour and then had reverted below my first entry price...It set the negative mindset in me..

I flipped position but was not able to capture a good move..total loss in AIRTEL was around 1900...

I then concentrated on TATA Motors again and by day end could make back Total 1700 on it...


Stocks Traded: TATA Motors , BHARTI AIRTEL
P&L : Red 220 after commissions

Mistakes: Perfect your Order Entry..and donot make silly mistakes to give away money...

 

[Sybarite]

what is your account size ?