Delivery Calls
- Thread starter Jai.Shewaramani
- Start date
- Status
Hi Jai,
Sometime back you recommanded Bajaj Hindustan. It has come significantly low from that level. Actually it's happening same with all sugar stocks. Can you pls let me know your view on Bajaj Hindustan & Balrampur Chini from current level. I am in Bajaj Hindustan 150 @ Rs230 and Balrampur Chini 1000 @ Rs 86.
Thanks,
Ashish[/QUOTE
---------------------------------------------------------------------------well asish
I had made a post on the board that one should buy sugar stocks if their is a failure of the monsoons in INDIA or some crop failure in some part of the world especially brazil.The global inventories have improved significantly for this cyclical commodity
I do not see any ray of hope for sugar stocks in the near future.depending upon my risk capacity i would sell and invest the money in say the telecom sector where i have a chance to recoup my losses fast and perhaps profit as well.
Sometime back you recommanded Bajaj Hindustan. It has come significantly low from that level. Actually it's happening same with all sugar stocks. Can you pls let me know your view on Bajaj Hindustan & Balrampur Chini from current level. I am in Bajaj Hindustan 150 @ Rs230 and Balrampur Chini 1000 @ Rs 86.
Thanks,
Ashish[/QUOTE
---------------------------------------------------------------------------well asish
I had made a post on the board that one should buy sugar stocks if their is a failure of the monsoons in INDIA or some crop failure in some part of the world especially brazil.The global inventories have improved significantly for this cyclical commodity
I do not see any ray of hope for sugar stocks in the near future.depending upon my risk capacity i would sell and invest the money in say the telecom sector where i have a chance to recoup my losses fast and perhaps profit as well.
daer JAI
All of this is excellent theory.The bottom line is to trade for profit and cut your losses so that you have a chance to recover your losses.Defensive or offensive or aggresive trading has a bottom line THAT IS COOL PROFITS.That should be the ONLY STRATEGY.
I am saying this from my personal experience as i have tried out all these concepts for long.THE ONLY STRATEGY IS TO THINK OF PROFITABLE SITUATIONS,COME HELL OR HIGH WATER,FOR A TERM THAT YOU ARE COMFORTABLE WITH.
All of this is excellent theory.The bottom line is to trade for profit and cut your losses so that you have a chance to recover your losses.Defensive or offensive or aggresive trading has a bottom line THAT IS COOL PROFITS.That should be the ONLY STRATEGY.
I am saying this from my personal experience as i have tried out all these concepts for long.THE ONLY STRATEGY IS TO THINK OF PROFITABLE SITUATIONS,COME HELL OR HIGH WATER,FOR A TERM THAT YOU ARE COMFORTABLE WITH.
Hello Ashish,
I had recommended Bajaj Hind with a strict stop. You have entered this stock way after my stop was triggerred. My call was based on the expectations of a complete ban liftment on exports on the sugar sector, which unfortunately did not happen. Sugar sector is in consolidation mode, thou there was a partial liftment of the ban, it wasn't good enough to boost the sugar sector.
I would suggest a stop of 207 for Bajahind and 80 for Balrampur chini, and if possible, to exit at or near your cost price for the mean time.
Thou the possible targets for Bajahind is 240
and for Balramour chini is 90
I had recommended Bajaj Hind with a strict stop. You have entered this stock way after my stop was triggerred. My call was based on the expectations of a complete ban liftment on exports on the sugar sector, which unfortunately did not happen. Sugar sector is in consolidation mode, thou there was a partial liftment of the ban, it wasn't good enough to boost the sugar sector.
I would suggest a stop of 207 for Bajahind and 80 for Balrampur chini, and if possible, to exit at or near your cost price for the mean time.
Thou the possible targets for Bajahind is 240
and for Balramour chini is 90
Hi jatayoo,
It's a positive thing to think bout profits, but accepting just profit making as your strategy cannot be termed as trading/investing. If you just trade keeping profits in mind, and not worrying bout MM (money management), then you are in the wrong field. You would probably have more luck in a casino.
MM is equally important in trading as is an entry or an exit of a position. Equity trading is much safer, but if you were to trade forex/commodities without MM, then I can say with some confidence that your account (no matter how small or how big it might be), wouldn't last more than 3 months. I've seen before my own eyes, people opening numerous positions, hedging against their positions, over-trading, being over confident or too egoistic to accept tht they made a wrong decision, eventually blow up their account in a matter of days.
My friend, unknowingly, you too are using a MM strategy. This is known as a Reward Risk ratio, where your Reward should be 2 or 3 compared to a risk of 1. You just contradicted yourself
MM is like the fuel tank of a car. Would you fill the tank according to the Car size (account size) or the tank size (MM capability)?
I'm sure your answer would be obvious. Over-trading and/or emotional trading will always cause a trader to lose money. This is the soul reason why we have so many newbies losing tons of money in the start, coz they encounter the very 1st emotion when introduced to trading, i.e. Greed.
Regards,
Jai Shewaramani
It's a positive thing to think bout profits, but accepting just profit making as your strategy cannot be termed as trading/investing. If you just trade keeping profits in mind, and not worrying bout MM (money management), then you are in the wrong field. You would probably have more luck in a casino.
MM is equally important in trading as is an entry or an exit of a position. Equity trading is much safer, but if you were to trade forex/commodities without MM, then I can say with some confidence that your account (no matter how small or how big it might be), wouldn't last more than 3 months. I've seen before my own eyes, people opening numerous positions, hedging against their positions, over-trading, being over confident or too egoistic to accept tht they made a wrong decision, eventually blow up their account in a matter of days.
My friend, unknowingly, you too are using a MM strategy. This is known as a Reward Risk ratio, where your Reward should be 2 or 3 compared to a risk of 1. You just contradicted yourself
MM is like the fuel tank of a car. Would you fill the tank according to the Car size (account size) or the tank size (MM capability)?
I'm sure your answer would be obvious. Over-trading and/or emotional trading will always cause a trader to lose money. This is the soul reason why we have so many newbies losing tons of money in the start, coz they encounter the very 1st emotion when introduced to trading, i.e. Greed.
Regards,
Jai Shewaramani
SENSEX
Caution is advised yet. Sensex is not giving a clear trend signal yet. A high probability for Sensex falling below 13k, ideally between 12,500-12,800
A break of 14,100 is a must to gain strength. 12,500-12,800 would provide with buying oppurtunities. (In other words, a drop to 12,500 would be healthy for the market) This coming week is going to be crucial.'
Trade with care.
Regards,
Jai Shewaramani
Caution is advised yet. Sensex is not giving a clear trend signal yet. A high probability for Sensex falling below 13k, ideally between 12,500-12,800
A break of 14,100 is a must to gain strength. 12,500-12,800 would provide with buying oppurtunities. (In other words, a drop to 12,500 would be healthy for the market) This coming week is going to be crucial.'
Trade with care.
Regards,
Jai Shewaramani
Hello,
I have some bad news!!!
I have been staring into my computer screen since the last 4 hours trying to make sense of the index movement in Sensex and Nifty. Atlast, I was able to spot the command held by the movement.
It seems Sensex will go down to between 12,000-12,400 and Nifty between 3400-3500. I am pretty certain of my analysis, the only possibility of proving my theory wrong would be if the all time high is broken in the coming days, i.e. 14,035 and 4047.
Nonetheless, the index (if falls) should rise from these levels after bottoming there (possibily to new highs, but only the future index movement will confirm this).
Let's hope that I am wrong this time,
Regards,
Jai Shewaramani
I have some bad news!!!
I have been staring into my computer screen since the last 4 hours trying to make sense of the index movement in Sensex and Nifty. Atlast, I was able to spot the command held by the movement.
It seems Sensex will go down to between 12,000-12,400 and Nifty between 3400-3500. I am pretty certain of my analysis, the only possibility of proving my theory wrong would be if the all time high is broken in the coming days, i.e. 14,035 and 4047.
Nonetheless, the index (if falls) should rise from these levels after bottoming there (possibily to new highs, but only the future index movement will confirm this).
Let's hope that I am wrong this time,
Regards,
Jai Shewaramani
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| M | Stop Loss in Delivery calls. | Technical Analysis | 1 | |
| R | Nifty intra delivery calls | Derivatives | 7 | |
| Y | Delivery calls | Equities | 0 | |
| P | Delivery and F&O Calls | Equities | 2 | |
| R | Delivery Based Calls for 9th Mar 2010 | Equities | 3 |