Before I Start a Thread of My Own..

[bthakwani]

Hello Friends,

This Diwali, I will complete 4 years of my trading life. It has been a very memorable journey and traderji.com has played a special part in it.

It was not until last year in June-July that I started trading profitably. Now I think I must start giving back some of what made me a profitable trader.

It is too early to tell you all what I actually want to bring in as a new thread because I am myself not sure of that right now, but I will get there someday soon and when I do, I would love to share it all with you.

For now I want your help. I have selected about 54 stocks, most from nifty and some from mid cap and nifty junior and I would like your suggestions on it.

I intend to monitor these stocks on a regular basis (not sure how often this regular will be) and then trade some of them. For starters I would want to stick to cash market only and then move towards derivatives later. I have only traded stocks in cash market until now and I also trade in nifty options very actively.

Pls tell me if I should add or remove some stocks from this list and also any other suggestions that you can think of (about what to include and not include in the thread) at this very premature stage.

Thanks..!

Here goes the list:

Adani Ent
Adani Port
Apollo Tyres
Arvind
Auro Pharma
Axis Bank
Bank of Baroda
Bharti Airtel
BHEL
Biocon
BPCL
Cairn India
Canara Bank
Cipla
Coal India
Crompton
DLF
Dr. Reddy
HDFC
HDFC Bank
HDIL
Hero Motocorp
Hindalco
Hind Uni Lever
ICICI
IDFC
IFCI
ITC
INFY
Jubiliant Foods
JSW Steel
LIC Housing Finance
Lupin
L & T
Maruti
M & M
NTPC
OBC
ONGC
PFC
PNB
REC
Reliance
Rel Cap
Rel Infra
SBIN
Sesa Sterlite
Sun Pharma
Tata Motors
Tata Steel
TCS
Union Bank
Yes Bank
Zee Ent.

 

[bapu4]

Hi Dear Bro,
I must congratulate you for having a sense of gratitude towards this forum.Eagerly await.
Apart from your list the opportunities may lie outside (better opportunities)which you may find after screening the stocks(screening is available on few other sites which you must be knowing).
Congrates forum you having turned a profitable trader after a long time,it shows your seasoning and I would love to your recommondations of a seasoned trader of course with reasonings.
There is is thread of raj bro which is a very good thread for Nifty options ,I am sure you must be looking that too..
Welcome
Rgds
Vivek

 

[bthakwani]

thank you for your kind and encouraging words vivek...

i intend to start from monday.. lets see how things go..

 

[bunti_k23]

Most of the stocks i have in my watchlist frm ur mentioned list , u can also add voltas and tvsmotors

 

[bthakwani]

Dear Friends,

As mentioned in the reply above, I am gonna start this new trading portfolio from Monday.

I will be mostly trading the daily charts and will look to take entry or exit by looking at hourly charts.

My charts are simple candlesticks with a few moving averages and trendlines. Over the months and years I tried various things to incorporate into my trading and also to make my charts look interesting and complicated but it didnt work well for me. Simplicity is the ultimate form of sophistication they say.

The most important thing will be to manage my money well. This is one major weakness in my trading style which I would want to work on. When there is excess money lying idle in my account its very hard to avoid the temptation to trade with it. I hope I can get over it now.

So I will not be taking a risk of more than 1 % of my capital in any one stock and also will not put more than 10% of my capital in more than one stock. Earlier I used to take risk of 1 % only and sometimes in working with the 1% rule I found that I was putting upto 30 % of my capital in one go which now I dont want to do. So I looked around and found this second rule to not put more than a fixed percentage of my capital in one stock even if the risk is under 1 %. I think this will also lead to a good diversified portfolio.

Rest Later.

Thanks.
Bharat Thakwani

 

[bthakwani]

Most of the stocks i have in my watchlist frm ur mentioned list , u can also add voltas and tvsmotors

thank you for the suggestion. will add them.

 

[DSM]

:clap::clap::clap: Great idea. With excess money lying around in the trading account, there is always a temptation to take trades that may not be high probability trades. So it is always better to keep capital lean to avoid over trading.

When there is excess money lying idle in my account its very hard to avoid the temptation to trade with it.