Help each other..post u r stocks along with charts..

[kindman]

May 15 2009
----------------
i friends i was busy with my personal works.... So i could not update the results.......

Last trade went against us ... Lost 75 points ...
Result = lost 2.4% including brokerage and errors...

Today i entered options in huge quantity ... Nifty as well as some stocks ...

 

[Nishikant]

Kindly Download This File

HARI OM DEAR FRIEND'S


I AM UPLOADING A FILE.


ITS VERY EDUCATIONAL



ITS ABOUT "BREAKOUTS & BREAKDOWNS"



HERE IS THE LINK TO THE SAME


http://www.speedyshare.com/782760650.html


KINDLY DOWNLOAD IT


GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[benkinassociate]

and imp observed point today for nifty with triangle formation, with congress
hopful geting clear mandate the nifty tends to move upto 3860 plus level.

 

[d_s_ramesh]

I join your group. Thanks for the effort. My pick for this week is Vijaya Bank. Here's my chart for it & the comments. I have attached the Weekly & Daily chart of the scrip.[/ATTACH]

A re-test to previous highs is likely. My entry is at 27.55 with a stop of 25.95 for a target of 32.00.

You can take your decision of this chart based on your technical aspect & post your comments on it & trade the same.

 

[kindman]

Hi mr .nishikanth ...nice chart..
Happy to see some members are visiting this thread...

Mr .nishikanth the visitors of this thread will be more thank full to you
if you post real time entry,sl money management.

 

[kindman]

Hai Mr ramesh..
MY VIEWS ON VIJAY BANK
-----------------------------------
STOCK: Vijaya BANK chart PERIOD: (its daily and weely chart ) not monthly.....
TREND: BULLISH
MONEY MANAGEMENT
----------------------------------
ENTRY = 100 % agree with your entry price of 27.50
SL = (if you put a sl @ 25.95 , risk = 1.55 rs /share = almost 6%... for 1 lakhs = RISK 6000 rs ... we never go for 6% risk trade)
Now the problem is you need the entry ....
so what we do is...
entry 1 = invest 20% at 27.50 sl = 25.95 risk = 6%
entry 2 = invest 30% at 27.10 sl= 25.95 risk = 5%
entry 3 = Invest 50% at 26.70 sl 25.95 risk = 3%
-----------------------------------------------------------------
100 % avg 27 sl 25.95 risk = 3.5% which is affordable for one lakhs risk = 3500 rs )
-----------------------------------------------------------------

TARGET = NOT MASTER IN PREDICTING TARGETS...

 

[d_s_ramesh]

Thanks for your review. I calculate risk as percentage of capital & not on the price of the share. For eg: If you have a capital of Rs. 1.00 lakhs & you are willing to risk 1% of your capital of a particular stock, say Vijaybank for the sake of calculations.

Your risk capital is Rs. 1000. With Rs. 1000 you allowed to buy 1290 share, in case the stock gets stopped out, you will loose only Rs. 1000 plus commision. To keep it simple and more precise to not loose more than what you are allowed to risk, add commmision to your risk. That is Rs. 1.95 per share.

With this risk you can buy 1025 shares. Betting all our capital on a single stock will loose more money on a loosing trade. Staying power will get short.

 

[kindman]

Wow Ramesh ... nice trick ...
NEW COMERS PLEASE READ ABOVE POST....
.

I WILL TRY TO EXPLAIN IT MORE SIMPLE
-----------------------------------------
vijaya bank entry @ 27.50 sl 25.95 = 1.95 rs/share
our capital = 1 lakh
2% in risk = 2000 rs risk on vijayabank
IF sl of 1.95 hits we should lose only 2000 rs
no shares 2000/1.95 = 1025
1025 shares we purchase @ 27.50 and if it hits sl 25.95, we lose 1.95/share
-------------------------------------------------------
= 1025*1.95 = 2000 rs
---------------------------------------------------

 

[d_s_ramesh]

Thank you, this is what about money management I have learnt. At any given time do not expose more than 6% of your capital to trades. This means if you trade for 2% risk, you get to trade 3 counters.

Once the stop moves above your entry and your trade is safe, you get your risk back. Then if capital permits you can add one more counter to trade or even add to the present position.

I think I have been helpfull in giving some helpful thought.

By the way, if many members get together to share their selections we can do a wonderful job, by analysing & selecting the best from it to trade. Everyone will have advantage from this initiative.

More than trade signals, it is position sizing and money management that is the true secret is trading.

 

[d_s_ramesh]

Please do not average a long trade on the down side. Don't feed a loser, buy strength and sell weakness. Averaging a losing stock is like going to hold a falling knife.

Add to positions only if the original position is above water.

Happy trading