Diary of a Intraday Trader in Cash Segment

[fish]

and I noticed Suzlon,IFCI,Unitech like scrips move in a sideways trend for hours.If you make an entry at that time,you've to wait a long(almost 2.40pm) to gain a profit

 

[kingnemo]

take a break dear, try to find out what mistake you doing... mai bhi aaj loss mein hu.... i am also working on it... i dont want my single day in loss.. working on it!!! shayad kuch mil jaye!!!!!

all d best!!!!

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

 

[kingnemo]

how come loss is 13?

Loss is rs. 13/- in the following way:

Bought 120 at 29.95 & sold at 30.10
Bought 120 at 29.95 & sold at 29.90
Brokerage is 20.

That way loss is 13.

 

[fish]

Loss is rs. 13/- in the following way:

Bought 120 at 29.95 & sold at 30.10
Bought 120 at 29.95 & sold at 29.90
Brokerage is 20.

That way loss is 13.

Your Previous Post created confusion-Bought 240 Suzlon at 30.00 & Sold at 29.05. Loss = 13
-
Good Night King,Hope to see some profitable trades ahead

 

[kingnemo]

and I noticed Suzlon,IFCI,Unitech like scrips move in a sideways trend for hours.If you make an entry at that time,you've to wait a long(almost 2.40pm) to gain a profit

That's why I trade only once almost always. I take generally 2 - 3 hours to square off my position. I only try to go for the maximum profit which the market can give in a single day. I believe that if I can figure that out, then that would be enough for me.

I have heard people referring to market as gambling or an affair of luck. But I look at it as science - a science of mass psychology.

I quote from the movie "Pi" - "market is a living organism, it has a life of its own."

 

[saurabhjain2005]

Loss is rs. 13/- in the following way:

Bought 120 at 29.95 & sold at 30.10
Bought 120 at 29.95 & sold at 29.90
Brokerage is 20.

That way loss is 13.

Which broker u use??? for intraday ur brokerage should be extra thin,only then u have higher chances of winning, else it will only be ur broker who will get lucky every day..for example, ur brokerage shud not be more than .025% per side, a lil calculation :
If ur brokerage had been .025% then you wud hv earned 6 rs rather than losing 13.
Rs 20 for 14K is way too high...

Anyways, my trades today

SBIN : B 578 @ 2158.91 and S 578 @ 2162.17
ICICI: B 16@ 924 & S 16 @ 927.50
Net profit after brokerage: Rs 1305 ( gave around 1200 as brokerage which I feel is too high :-( )

 

[saurabhjain2005]

Trades on Feb 3, 2012 -> Bought 100 Suzlon at 29.45 & Sold at 29.40. Loss = 28. Cash in Hand = 785-28 = 757. Percentage of Return = -3.6%.

On 3rd Feb , I was also on the same boat, I bought 10000 shares of suzlon at 45.55 and then it came down...By mistake I had placed a sell order of 8000 shares at 45.65 and it got executed at around 1:30 pm..I did a lot of swings that day and finally managed a loss of 1 paisa + brokerage...

Lesson learnt: Never play with sluggish stocks..My favs right now are ICICI and SBI..Also,in sub Rs 10 stocks I like GVKPIL..You can have a look at my trades on 3rd, quite an amusing picture ;-)

 

[TraderRavi]

On 3rd Feb .You can have a look at my trades on 3rd, quite an amusing picture

very low resolution..........

 

[fish]

very low resolution..........

yeah very low res..

 

[kingnemo]

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%.