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

[Nifty Trader]

Open Positions:

1) Educomp shorted on 31st May @ 140.5, SL above 152.3. CMP - 138.15
2) Escorts shorted on 4th June @ 62.15, SL above 65.05. SL Hit. Exited @ 65.15. Loss = -4.83%
3) Goenka Diamond bought (50% quantity) on 5th June @ 141.7, SL below 132.2. CMP - 147.35
4) Mindtree bought on 5th June @ 625.4, SL below 603.8. CMP - 635.7

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

 

[nmds]

Hi Nifty Trader,

Can you also share your strategy with me. You can PM me if you are okay

 

[mishraanup]

Hi niftytrader,
I am new to market so could you plz. Help me out what should I read and do so that I could trade successfully.
Thanks

 

[sr114]

Hi Nifty Trader,

Can you also share your strategy with me. You can PM me if you are okay

NMDS

please read the first 3 post, (#1,#2,#3) of this thread for getting an insight of the system that nifty_trader is following.

then try to build your own system and see that how profitable is long term trading.

Main juice of trading lies in eod or long term trading, so follow it.

and thanx for nifty_trader for presenting the long term trade log for us

sr

 

[Nifty Trader]

Hello. I am a bit tied up today and tomorrow. Shall revert to everyone's queries over the weekend thru' pm. Shall post the updated position though by tonite.

 

[Nifty Trader]

Open Positions:

1) Educomp shorted on 31st May @ 140.5, SL above 152.3. CMP - 141
2) Goenka Diamond bought (50% quantity) on 5th June @ 141.7, SL below 132.2. CMP - 150.55
3) Mindtree bought on 5th June @ 625.4, SL below 603.8. CMP - 610

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

 

[Nifty Trader]

Open Positions:

1) Educomp shorted on 31st May @ 140.5, SL above 152.3. CMP - 141.3
2) Goenka Diamond bought (50% quantity) on 5th June @ 141.7, SL below 132.2. CMP - 156.55
3) Mindtree bought on 5th June @ 625.4, SL below 603.8. CMP - 614

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

 

[Nifty Trader]

Open Positions:

1) Educomp shorted on 31st May @ 140.5, SL above 152.3. CMP - 136.55
2) Goenka Diamond bought (50% quantity) on 5th June @ 141.7, SL below 132.2. CMP - 158.1
3) Mindtree bought on 5th June @ 625.4, SL below 603.8. CMP - 618

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

 

[Nifty Trader]

Open Positions:

1) Educomp shorted on 31st May @ 140.5, SL above 152.3. CMP - 134.2
2) Goenka Diamond bought (50% quantity) on 5th June @ 141.7, SL below 142.6. CMP - 163.3
3) Mindtree bought on 5th June @ 625.4, SL below 603.8. CMP - 624
4) Onmobile shorted today (12th June) @ 37.65, SL above 40.85. CMP - 37.65

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 niftytrader,
I am new to market so could you plz. Help me out what should I read and do so that I could trade successfully.
Thanks

Hi Anup. First of all, apologies for the delayed response. Things have been busy

I think you should read books by successful traders (whatever catches your fancy) as that would give you a completely different perspective. Dont buy the heavy duty Technical Analysis books right upfront as the info may be more than you can handle at a beginner's stage.

Once you have a grasp of the basics, then start to look for a trading system that suits your style i.e. End of Day, swing trading, intraday etc. I would suggest to keep intraday for later as it is the most difficult of all styles due to the need to make quick trading decisions. EOD and Swing allow you much more time to evaluate your trades and plan your next move.

Remember, there is no holy grail out there. All systems will have stop losses being hit and you have to treat that as the cost of doing business. What is important is how much you make when you win versus how much you lose when you are stopped out. Focus on systems which give you a risk-reward ratio of at least 1:2 if not 1:3. The higher this ratio, the less accurate your system needs to be. Even 40% accuracy is enough with a good R-R ratio.

It might be a long journey before you can consistently make good money and your patience will be tested but IMHO it will be worth it in the end.

This forum is also a great place to acquire knowledge. Wish you all the very best ahead :thumb: