Gains !!!!!

[shrinivas]

seems some problem..how do you attach files..

ganeshhity

 

[shrinivas]

once Bajaj hindustan showed weakness, I picked it again...I have bought it at 323..then again at dips and now at 303...please mind, 290 is STOP LOSS..anybody into this stock should exit then..though this is a very good stock at current levles......it is into oversold zone..though technical analysis gives it a sell signal today....(short term downtrend as of now from last 3-4 days), but long term story is intact, once the uptrend is resumed, hope people entering this...anyway, keep 290 as stoploss....

all the best....

ganeshhity

I sold out all my stocks today..ashok leyland, ITC etc...ITC was a mistake, but it was near resistence hence i exited..ashok leyland was a good sell.....
entered huge amount of balrampur and bajaj hindustan at lowest rates today..let us see what the market holds now.....i'm only into balrampur,bajaj hindustan and dabur now...can hold them for long...rest of the stocks cleaned from my bag with nominal profits..let us hope we make profits from sugar now.....

 

[shrinivas]

have a look at balrampur.....trying to make the 'W'...volumes are good....let us see what happens if it touches 120...same goes with bajaj hindustan..both are very low now....balrampur has very strong support at 190 and bajaj hindustan also near its support....
I presume they are good buy now....but they are into downtrend(short term, I mean)....balrampur can come down a bit from current levels....both are very good buy for mid term....

all the best..

ganeshhity

 

[shrinivas]

20 GOLDEN RULES FOR TRADERS



With markets roaring at 12K now......just stay cool and absorb the golden rules....

1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.

2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.

3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.

4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.

5. Don't buy up into a major moving average or sell down into one. See #3.

6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.

7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.

8. Trends test the point of last support/resistance. Enter here even if it hurts.

9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.

10. If you have to look, it isn't there. Forget your college degree and trust your instincts.

11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.

12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.

13. Avoid the open. They see YOU coming sucker

14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.

16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.

19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.

20. Beat the crowd in and out the door. You have to take their money before they take yours, period.

Invest well....make gains...

All the best...

ganeshhity

 

[chachi]

Hi Ganesh,

Wow, wonderfully written. If you have prepared them, you are fit to write a complete book on traders guide. simply a wonderful compilation.

Thanks & regards
Chachi

 

[shrinivas]

Hi Ganesh,

Wow, wonderfully written. If you have prepared them, you are fit to write a complete book on traders guide. simply a wonderful compilation.

Thanks & regards
Chachi

hmmmm...chachi, i do not have so much brains...i read this somewhere.. where, I do not remember.....found it good and hence this is here......

and yes chachi, no doubts, this year has been very good learning process...thanks to couple of books and Traderji...

all the best

ganeshhity