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

[aimer]

Eicher Motors to be exited tomorrow as some better opportunities are presenting themselves.

Hello NT, can u plz pm me ur system providers contact details even I want to avail the subscription provided by him. Thanks in advance.

 

[Nifty Trader]

Hello NT, can u plz pm me ur system providers contact details even I want to avail the subscription provided by him. Thanks in advance.

Pm'ed. You may have a look.

 

[Nifty Trader]

Open Positions:

1) Mindtree bought on 27th June @ 626.25, SL below 590.45. CMP - 664.6

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

 

[Nifty Trader]

Hi NT,

It seems Goenka Diamond has come under the Ketan Parekh scam scanner and has touched the 20% lower circuit. What does your Trading System say regarding this issue ? Will it go down further tomorrow ?

Thnx n BR
SA

Hi Sanju. Yes, that was the adverse news I was referring to. Today the stock has bounced back on good volumes. Yesterday (when you asked me this question on whether the stock will go down further today) my opinion was yes. It did go down to a low of 145 in the morning and then went up. Point is its impossible to predict stock price when such kind of news breaks out. It could very well have hit 20% LC for the next few days.

Now we probably need to see if the stock consolidates and stabilizes a bit. Right now its too volatile to trade. When you enter you need to be confident that the stock will go in the direction you enter. It may not but that initial confidence at entry has to be there. I dont have confidence in this stock at the moment that it will go up. So I will wait till the opportunity is right with this one or look for alternatives which are better and dont have the newsflow overhang. We are not making extra money by trading Goenka, right?

Basically, the stock should be begging you "buy me please, I am going up" rather than you begging the stock "I have bought you. Please go up". Once you understand this and develop the patience and mental resolve needed to put this into practice, your trading results will improve dramatically. There are so many good stocks out there that we dont need to be worried about 1 particular stock. Too many times people are married to a stock for some emotional reason and want to make money by only buying that particular stock. Thats a recipe for disaster over the long term.

 

[augubhai]

Basically, the stock should be begging you "buy me please, I am going up" rather than you begging the stock "I have bought you. Please go up".

:thumb: Great quote... Need to frame this. :clapping:

 

[sanjuasrani]

Dear NT,

Thanks for your comments.

So as per your Trading System, it is not advisable to re-enter this scrip at current prices ?
This scrip has lost its money making direction for now ?

Thnx n BR
SA

 

[Nifty Trader]

Dear NT,

Thanks for your comments.

So as per your Trading System, it is not advisable to re-enter this scrip at current prices ?
This scrip has lost its money making direction for now ?

Thnx n BR
SA

Yes, as per the system we wouldnt enter now. See, it may still go up but in this volatility chances of your SL getting hit are much more. So better to stay away till the range narrows down. Then we can look for entry again.

 

[Nifty Trader]

:thumb: Great quote... Need to frame this. :clapping:

Thanks Augubhai

 

[hmp]

One querry , how to short the stock like you shorted Onmobile?

 

[Nifty Trader]

One querry , how to short the stock like you shorted Onmobile?

Hello. I am trading (longs as well as shorts) as per a system that I have thoroughly backtested and have confidence in. Its a paid system. You may find more information on it at www dot tradingsimplified dot com.

If your query was on the mechanics of shorting i.e. is it possible to short and in which market does one short etc., then let me know. I shall explain.