Building Up A Portfolio At A 7000 Level

[Saint]

All the threads have become very silent!
I dind't know that, people coming here are like tortoises.
They got drawn inside their shells when danger of market collapse was seen.
Even after market recovered, people are afraid to come out:

It is not only this thread. All the active threads have fallen silent.

I request all those who were active before, answering questions, giving tips to come out and make these threads active.

And Supratik,

I took VALECHA at 343 and now it has dropped to 138!!

So, what is your take on this?

Regards,
Narendra

Hi Narendra,

Looks like you have been away for a while........the most active threads here were this one(Supratik's),Some Good Steals,and New Intermediate Uptrend some time back.Both the latter threads were active at a time when the market was in an intermediate uptrend,in a confirmed primary uptrend.Through the rise,an active raising of stops was in progress........the crash brought all stops into play and as said before we wait for the next move up.

It all depends on what one would mean as a market recovery,doesn't it?A market rise is not an uptrend,and once one feels that the time has come to make a move,I am sure one will.........

But,in the meantime,my friend,some of us have lost that interest to carry on giving "tips".....some of us try to teach what little one knows,some prefer to keep away.........basically an individual choice,and I do not think any amount of sarcasm or insinuation from anyone else can get them to do anything that they don't already want to do.

There are still very many threads here that are giving tips,feel free to visit them,and do ask your queries.

And as for VALECHA,I am not Supratik,but I do know one thing............I think you should invest some time in learning on money management,and figuring the whole thing out...........I just can't believe that you held VALECHA from 343 to 138!!

And that verily was the problem with the abovementioned threads,I can speak for New Intermed Uptrend........the intention was to learn using active trading examples on a day to day basis,it became reduced as a site for getting tips,the problem with taking the knowledge of another is that it still is the knowledge of the other,and then he becomes a crutch,.......

My suggestion and hope is that you would start your trading education sooner rather than later...........I sincerely hope that a day will come when you may get a "tip" from somewhere,but your knowledge is so rock solid,that you would take the trade or leave it as per your education,and not because you are reliant on someone else...........and when that day comes,you would take the fault as YOUR fault,and the credits for a great trade as YOUR credit.

Sincerely hoping..............

All the best!
Saint

 

[kuldeep49]

When the bulls are away, the bears will play ... a new TA indicator on the bullishness of the market are the number of active threads !!!

 

[Saint]

When the bulls are away, the bears will play ... a new TA indicator on the bullishness of the market are the number of active threads !!!

Yep,Kuldeep,so long as shorting is impossible in stocks.........for an active trader who is using futures or options though ,whose only criteria is to benefit from a move in either direction,the level of activity has not decreased at all.

And so long as shorting is a problem,yes,we do have ourselves a new indicator for bullishness.But a more accurate indicator would be those certain threads by members who joined the day before that keep throwing up plays with no rhyme or reason."Buy Exide 250,tgt 255"..............when they keep coming up in huge numbers,you know you are somewhere near an intermed top............Quickly,run and take your profits.

All the best!
Saint

 

[karthikmarar]

.....But a more accurate indicator would be those certain threads by members who joined the day before that keep throwing up plays with no rhyme or reason."Buy Exide 250,tgt 255"..............when they keep coming up in huge numbers,you know you are somewhere near an intermed top............Quickly,run and take your profits.

All the best!
Saint

Saint...very rightly said....strange but true ..

 

[ssnkumar]

Hi Narendra,

Looks like you have been away for a while........the most active threads here were this one(Supratik's),Some Good Steals,and New Intermediate Uptrend some time back.Both the latter threads were active at a time when the market was in an intermediate uptrend,in a confirmed primary uptrend.Through the rise,an active raising of stops was in progress........the crash brought all stops into play and as said before we wait for the next move up.

It all depends on what one would mean as a market recovery,doesn't it?A market rise is not an uptrend,and once one feels that the time has come to make a move,I am sure one will.........

But,in the meantime,my friend,some of us have lost that interest to carry on giving "tips".....some of us try to teach what little one knows,some prefer to keep away.........basically an individual choice,and I do not think any amount of sarcasm or insinuation from anyone else can get them to do anything that they don't already want to do.

There are still very many threads here that are giving tips,feel free to visit them,and do ask your queries.

And as for VALECHA,I am not Supratik,but I do know one thing............I think you should invest some time in learning on money management,and figuring the whole thing out...........I just can't believe that you held VALECHA from 343 to 138!!

And that verily was the problem with the abovementioned threads,I can speak for New Intermed Uptrend........the intention was to learn using active trading examples on a day to day basis,it became reduced as a site for getting tips,the problem with taking the knowledge of another is that it still is the knowledge of the other,and then he becomes a crutch,.......

My suggestion and hope is that you would start your trading education sooner rather than later...........I sincerely hope that a day will come when you may get a "tip" from somewhere,but your knowledge is so rock solid,that you would take the trade or leave it as per your education,and not because you are reliant on someone else...........and when that day comes,you would take the fault as YOUR fault,and the credits for a great trade as YOUR credit.

Sincerely hoping..............

All the best!
Saint

Thanks for the reply Saint.
I agree to each one of your points.
Regarding the "Study", what you said is correct.
One must study and then decide.
Yes, I did study before putting money into these.

I am not blaming anybody for losing some money.
Even if I lose 100% in Valecha, I don't blame anybody for that.
It was my decision to put money into it and I take the responsibility for that.

And I don't look at the stock price and buy. I do a little bit of study on the company before investing. And for studying, I depend on the Internet only. I don't have any other sources.
Regarding Valecha, recently there is no much news or info anywhere in the net. So, I thought I would ask Supratik.

When we entered market, we know that we are taking risks and I will be the only person responsible for all that.
I have made profits and also losses.
After the "super dive" of the market, when I evaluate the gains, I am still on the positive side. So, I am happy.
I could have got more profit, if I had known that the market is crashing.
But, I didn't know and I think nobody knew!!
So, we shouldn't regret for whatever has happened.

We must accept the fact and plan our next step.
The market might have started a "New Uptrend" or it is still in "Downtrend" or it might have entered a "Long term Bear Phase".
Whatever it is, we must try to find out the good picks and I am sure lots of them are there. And people like you or Supratik or Amit or Kartik can very easily identify such stocks.
That's the reason I came here again to check.

Hope, you people will again become active

Thanks,
Narendra

 

[aca_trader]

All the threads have become very silent!
I dind't know that, people coming here are like tortoises.
They got drawn inside their shells when danger of market collapse was seen.
Even after market recovered, people are afraid to come out:

It is not only this thread. All the active threads have fallen silent.

I request all those who were active before, answering questions, giving tips to come out and make these threads active.

There is a story in Ramayana.

When Ravan was on deathbed, Ram sent Laxman to get some knowledge from him as Ravan was the most knowledgable person of his time. Laxman went to Ravan and standing near to his head asked him to impart some knowledge to him. Ravan politely turned down the request. So Laxamn went back to Ram and narrated the story. Ram was wise to guess what was the reason and hence asked Laxman to go back and ask Ravan once again but he instructed Laxman to stand near the feet of Lanka's king. Once Laxman followed the wise words of Ram, he received invaluable knowledge from the gratest Pandit of his time.

You need to be modest when you desire to learn. By calling names you are not going to learn anything atleast from the pandits even when you end up the post with words like request.

Best Regards,
--Ashish

 

[aca_trader]

When we entered market, we know that we are taking risks and I will be the only person responsible for all that.

When your entry has been wiped out by 60% then its not risk but gambling. Risk in itself means a calculated risk otherwise it's called gambling.

Best Regards,
--Ashish

 

[ssnkumar]

There is a story in Ramayana.

When Ravan was on deathbed, Ram sent Laxman to get some knowledge from him as Ravan was the most knowledgable person of his time. Laxman went to Ravan and standing near to his head asked him to impart some knowledge to him. Ravan politely turned down the request. So Laxamn went back to Ram and narrated the story. Ram was wise to guess what was the reason and hence asked Laxman to go back and ask Ravan once again but he instructed Laxman to stand near the feet of Lanka's king. Once Laxman followed the wise words of Ram, he received invaluable knowledge from the gratest Pandit of his time.

You need to be modest when you desire to learn. By calling names you are not going to learn anything atleast from the pandits even when you end up the post with words like request.

Best Regards,
--Ashish

Have I called names in my post?
Is it so bad!?

I don't know what Supratik thinks about my post.

I didn't had the intention of hurting anybody when I wrote the post.
But, looking at the reaction that it recieve......I think there is something wrong!!
So, if anybody felt bad, I am extremely sorry for that.
I have learnt a lot from all of you and I never want to hurt your feelings.

Since, my favourite threads have fallen silent, I wanted to make it active again. That's all.

Regards,
Narendra

 

[ragh_ash]

don't worry narendra,
aap akele nahin hain! aur bhi logo ne bhaut kutch khoya hai!
But have faith. If u have followed Supratik at right time then u must have made lot of money. eg: gesco, KS oils, Gulf oil right (just think u have given back some of profits and that's all. ) also don't u think all Supratik's scrips are again having a up movement
cheer up and don't be sorry it is perfectly normal to make and lose money in mkt.

 

[oldmirage]

But a more accurate indicator would be those certain threads by members who joined the day before that keep throwing up plays with no rhyme or reason."Buy Exide 250,tgt 255"..............when they keep coming up in huge numbers,you know you are somewhere near an intermed top............Quickly,run and take your profits.

All the best!
Saint

absolutely correct observation.
I started trading in last Jan and by the time in May I felt that so called "tips" are overcrowding. I got out with nice profit in hand by end of May and now waiting for next entry.

One thing which Narendra wrote was also important. Even during this down time, if we can find diamond in coal mine, it would be great. fundamentally companies haven't changed much. Of course market went to overbought position and technical charts are now showing "NO ENTRY" fro many stocks. I still think that there are "some good steals" out there..

Looking forward to have some nice posts from seniors.