General Trading Chat

[phoenixbird]

I had started an SIP to be bought on 28th of every month (thinking of expiry etc.), but then I realised that it is better to do it manually, i.e. have a monthly goal of investment for e.g. 20000, buy some or whole of this on a day when nifty falls more than 100points before 3pm.
Note down NAV of the bought units with date and closing Nifty spot level (of the purchase date), so as to have a rough reference.
That's how I am managing it now. Its not the best way to time the market, also you don't need to time it considering most things in terms of returns will even out over a period of 5-7 years (which should be your minimum time goal).
Just because we are monitoring the markets daily, we can do it this way instead of an arbitrary date.

Vivek

Thank you for clearing by queries. I have one final query based on your response.

Is SIP monthly investment fixed or can be varied, for example, can I contribute Rs.5000 in Jan2017, Rs.10,000 in Feb17, again Rs.5000 in March 2017.

Thanks.

 

[suri112000]

Thank you for clearing by queries. I have one final query based on your response.

Is SIP monthly investment fixed or can be varied, for example, can I contribute Rs.5000 in Jan2017, Rs.10,000 in Feb17, again Rs.5000 in March 2017.

Thanks.

I plot monthly candlestick bars of Nifty spot on the chart. When current monthly bar's close is lower than previous monthly bar, then I invest Rs.10000. If not, I invest Rs.5000. This part is easy.

The exit part is tricky. If the profit on total holdings shows more than 15% I exit 33% of holdings irrespective of prevailing PE ratio. The exited funds are then moved to liquid funds until PE ratio falls below 18. I start a SIP out of liquid funds in similar fashion as above. This SIP is in addition to normal SIP.

 

[vivektrader]

Thank you for clearing by queries. I have one final query based on your response.

Is SIP monthly investment fixed or can be varied, for example, can I contribute Rs.5000 in Jan2017, Rs.10,000 in Feb17, again Rs.5000 in March 2017.

Thanks.

In a typical SIP, the date and amount specified by you at the start, is fixed. You can't change it afterwards, but you can cancel the SIP anytime.

Vivek

 

[vagar11]

I had mentioned in this thread that Bajaj Finance has given a sequential buy signal 2days ago at that time.The price was 800-820 on that day...today it closed at 870.

It has given a 80-100 points move from the day on which the buy signal came,and that is 10-12% move It pays to track sequential on various stocks.

Smart_trade

Thank you Sir. In nov also, Bajaj finance went up by 10% the next day after your post on Bajaj finance, Asian paint and hdfc.

 

[traderniftybull]

Thank you for clearing by queries. I have one final query based on your response.

Is SIP monthly investment fixed or can be varied, for example, can I contribute Rs.5000 in Jan2017, Rs.10,000 in Feb17, again Rs.5000 in March 2017.

Thanks.

Yes, you can contribute the way you have mentioned, but then do not call it a SIP. You may open an account (not SIP account) and deposit as much money and as and when you wish to deposit. Actually SIP is programmed to be a disciplined investor, so as not to miss any installment or short deposit.

We as a trader should make use of our knowledge of market movement, and if there is no money crunch, then one should deposit more when market falls by more points in a week or 15 days or a month (as per ones wish)

 

[paappy]

I had mentioned in this thread that Bajaj Finance has given a sequential buy signal 2days ago at that time.The price was 800-820 on that day...today it closed at 870.

It has given a 80-100 points move from the day on which the buy signal came,and that is 10-12% move It pays to track sequential on various stocks.

Smart_trade

ST Da,

In Asian Paints also, TD sequential buy 13 is completed on 13th Dec. A Long signal will be active above 13th candle high. is it right?

Regards,

 

[phoenixbird]

Hello,

Should both 9 and 13 of TD setup and countdown be completed for a buy/sell set up?

I read the following that price reversal is possible after count 9 and also count for 13 starts and after count 13 price reversal is possible. So effectively what happens in between 9 and 13?

"When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely. It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely."

Thanks

 

[wisp]

First day of year trade excitement over yesterday, US markets closed on 2nd, UK first day of year opening after 1.30, market would range in the morning or most of the day I think. And now....drum roll...market will prove me wrong

 

[wisp]

Hello,

Should both 9 and 13 of TD setup and countdown be completed for a buy/sell set up?

I read the following that price reversal is possible after count 9 and also count for 13 starts and after count 13 price reversal is possible. So effectively what happens in between 9 and 13?

"When the 9 count is completed, it is at that point, a price pause, price pullback, or reversal is likely. It is also at that point where TD Sequential starts the second phase with TD Countdown and is completed with a 13 count. When the 13 count is recorded, it is at that point, a price pause, price pullback, or a reversal is likely."

Thanks

may be we should start a new TD thread or use the existing one, I think the topic is complex and continuity in discussion would be great and a specific thread would be a great place to learn all about TD. Perhaps we can start with the basics.

 

[phoenixbird]

may be we should start a new TD thread or use the existing one, I think the topic is complex and continuity in discussion would be great and a specific thread would be a great place to learn all about TD. Perhaps we can start with the basics.

could you provide the link for existing TD thread.

thanks