My EOD Stock trades......updated regularly

[Nifty Trader]

Reason I exited Asian Paints yesterday even though SL was a long way off was that on closer inspection I found that the chart was overbought in the short term and probably needed to correct or consolidate before a significant and sustainable move began. Both are imp. if we want to have a favourable risk-reward ratio. As it happened, we got out at the right time as the stock fell intraday. Of course, it could have gone up as well but based on my reading I wasnt comfortable with the set-up. So no shame in admitting you made a error in judgement and look for better opportunities rather than be stubborn and egoistic and hold on to the position. When the very basis of the trade is in question we should exit. Eventually, our aim is to make money, not prove a point

On Voltas - I was looking for another short to enter for the last couple of days but most stocks had fallen so much that chances of a bounceback were extremely high in most of them. And then I found a gem in Voltas. Its great when a stock gives you a good 5-6% move on the same day and proves your decision correct (for the time being). It doesnt happen every day so its good to enjoy such small moments. Confidence, after all, is vital in trading. Without that you will see good entries but not take them due to fear of a loss. Amazing what psychology can do to even the best of traders. Emotion, confidence (over and low), greed, fear, ego - these are our biggest enemies in trading, not the market.

 

[sanjuasrani]

Hi. The prices are before brokerage and other charges as brokerage varies from broker to broker. I have multiple accounts but most trades are thru' RK as their charges are very low. Any other broker who can take care of your interests while giving you good brokerage rates is also good enough. Since the no. of trades are less, brokerage doesnt eat into profits much. Lot size is 1 primarily.

Hey,

Thanks for the reply. Is RKSV really good, since you are trading with them, and it seems to be a hit on the forum ? even zerodha seems to be followed a lot.

Regds
SA

 

[Nifty Trader]

Hey,

Thanks for the reply. Is RKSV really good, since you are trading with them, and it seems to be a hit on the forum ? even zerodha seems to be followed a lot.

Regds
SA

Yes, RK Global is good esp. if one is trading intraday (though I dont). They have a DIET Odin software which is pretty reliable. They charge you for Dial n Trade which is not ideal though. Dunno much about zerodha but their brokerage rates are pretty attractive as well.

 

[Nifty Trader]

Open Positions:

1) Ajanta Pharma bought on 13th Mar @ 436.45. SL below 541.9. CMP - 576
2) TVS Motor shorted on 9th Apr @ 42, SL above 35.25. CMP - 33
3) Voltas shorted on 17th May @ 104.8, SL 112.5. CMP - 96.6

Note: Words in Bold denote a change from the last post (esp. SL). Complete trading records can be found on Page 12.

Observations:

We bought Ajanta Pharma on 13th March @ 436.45. Nifty (Fut) level at that time was 5468. Today Nifty is at 4903 implying a return of -10.33% while Ajanta Pharma is at 576 and has yielded +32.1%.

Nifty has been outperformed by 42.43%. What is really interesting is that even though Nifty has fallen 1 way since 2nd May from a high of 5301 to a low of 4784, our Stop Loss in a Long position has not been triggered!

This is why I have a problem with Mutual Funds. They will all be down in this period mirroring the benchmark more or less. At most some will claim "we have fallen less than the index by x%". To me, as an investor, its still a loss so there's no joy that you have fallen less. Of course, there are several restrictions also on MF's which are too detailed to discuss right now. Some of these restrictions do not allow MF's to short / stay in cash beyond a level or buy stocks which are not "fundamentally strong". All these are vital for outperformance.

 

[Nifty Trader]

Open Positions:

1) Ajanta Pharma bought on 13th Mar @ 436.45. SL below 541.9. CMP - 582
2) TVS Motor shorted on 9th Apr @ 42, SL above 35.25. CMP - 33.75
3) Voltas shorted on 17th May @ 104.8, SL 112.5. CMP - 98.35

Note: Words in Bold denote a change from the last post (esp. SL). Complete trading records can be found on Page 12.

 

[rammmeo]

hey buddy gr8 going
hv gone through the thread
i must say really good work
can u tell me the system buddy i hv mailed u by the name of rammmeo
plz kindly replied when ur free

 

[Nifty Trader]

hey buddy gr8 going
hv gone through the thread
i must say really good work
can u tell me the system buddy i hv mailed u by the name of rammmeo
plz kindly replied when ur free

Thanks Rammmeo for your kind words. Sometimes I wonder whether its worth putting in the time and effort every day to post. I suppose it is after all Replied back as well, fyi.

 

[prst]

hi
are u using futures for short positions?

 

[neo40]

hi
are u using futures for short positions?

I think he is using short positioning.
This thread is looking updated and great.

 

[Nifty Trader]

hi
are u using futures for short positions?

Yes, since I hold positions anywhere from a couple of days to weeks, have to short Futures.