Diary of a Intraday Trader in Cash Segment

[fish]

Trades on Feb 7, 2012 -> Shorted 110 Suzlon at 30.15 & Bought 100 at 28.95 & 10 at 29.05. Profit = 108. Cash in Hand = 744+108 = 852. Percentage of Return = 14.5%.

wooo
will you tell me quickly how this short sell n cover work?

 

[gambler]

Trades on Feb 7, 2012 -> Shorted 110 Suzlon at 30.15 & Bought 100 at 28.95 & 10 at 29.05. Profit = 108. Cash in Hand = 744+108 = 852. Percentage of Return = 14.5%.

Gud, back in form!!!!

 

[kingnemo]

wooo
will you tell me quickly how this short sell n cover work?

If I understood your question in simple terms, then shorted means Sold first and cover means Bought later. Excuse me if I am wrong at understanding the question.

Today when Suzlon was hovering at 30.15-20, I shorted it and when it fell to 28.85-95, I squared off 100 at 28.95 and the rest 10 at 29.05.

 

[fish]

If I understood your question in simple terms, then shorted means Sold first and cover means Bought later. Excuse me if I am wrong at understanding the question.

Today when Suzlon was hovering at 30.15-20, I shorted it and when it fell to 28.85-95, I squared off 100 at 28.95 and the rest 10 at 29.05.

that means,selling first(without buying :O) and then buy,then again sell them?

 

[kingnemo]

that means,selling first(without buying :O) and then buy,then again sell them?

In intraday, the only rule is that by the end of the day one should not be open in a trade, i.e. all positions should be closed by the end of the day. As such, a trader can sell first and then buy later or vice versa, whichever way he is comfortable with. If he has bought first then he needs to sell later to close his position by 3:15-30 PM. Similarly, if he has sold first then he needs to buy later to close his position.

Hope you have got the point.

 

[iyerboi]

No break for me Bhai. My mistake is my excitedness in placing a trade. I always forget that "To rain, certain weather conditions / parameters has to be perfectly there."

Anyway, no leaving the arena

i'll give u an idea - place ONLY limit orders, so tat you are not hurried into trading. also, place it at levels u WANT to buy. u just need to be arrogant (like my chennai auto wallah ) tat ud buy oly at tat level. lena hai yo lo varna mat lo

not earnin nyth is better than losing. :thumb:

above is someth im trging to incorporate in my trading. thot id share.

cheers!

 

[kingnemo]

Trades on Feb 8, 2012 -> Bought 260 Suzlon at 29.45 & Sold at 30.05. Profit = 134. Cash in Hand = 852+134 = 986. Percentage of Return = 15.7%.

 

[saurabhjain2005]

I...............

 

[gambler]

Hi,

Below is example of over trading.. my broker gonna love this..... one trade is not reflecting in below picture... screen hi choti hai laptop ki..

 

[kingnemo]

Trades on Feb 9, 2012 -> Bought 100 Suzlon at 29.75 & Sold at 30.35. Bought 100 Suzlon at 30.40 & Sold at 30.75. Bought 100 Suzlon at 30.65 & Sold at 31.55 (Auto square off). Profit = 160. Cash in Hand = 986+160 = 1146. Percentage of Return = 16.2% :beer: