Today is the day ... I am really feeling fed up with tips ...and I am feeling to venture something on my OWN! ...
Todayyyy ... As usual No plans ... all things have went down which had went up ..and I am just watching n watching n watching...I don't know what my mind is trying to learn here! ... No stoplosses so no end to my losses ... i always preffer to hold up than see stop loss hit ... so don't use stoplosses ... which is bad ... i should learn my lesson soon....
Anyway my brain has cooked up three strategies for tomorrow ...
1. Get IN and keep adjusting : -
a. I will take 1 share of a A group company at 10.15 am and
b1. at 11.00 am i will see if it is going up then i will buy two more...
b2. at 11.30 I will see again if it is going up then I will buy 4 more
b3. Now i will sell them at 0.5 to 0.75% over the average bought price!
c1. If ithings go wrong and at 11.00am it is going down then I will short sell 3 and as a result I will be having two short one for recovering 1st stock loss and another extra will be for making profit
c2. at 11.30am I will see if it is still going down then I will short 4 more ...
c3. Now I will buy back at 0.5 to 0.75 % down of average sell price..
This will go ok if the trended picked up remains in whole time frame ... Abrupt fluctuations might kill this method so taking giant shares like ICICI or Jindal steel or RIL seems good for this ...
Good things is instead of watching rise up in front of my eyes, I get IN and keep adjusting my position,,,
I am not sure about this way, so probably it needs to answer a lot of if and else to get refined!
2. Extraction of Energy from Noise: - Many times in small price shares around 70 to 150, when they are steady in price then there is little noise (price fluctuation) occuring ... So Why not this noise create some energy for us ... So i think in that noise say today for Hexaware Technologies Ltd. from 11.35am to 13.25 pm, I have observed ample opportunities to buy at low and sell at very little high ... around 0.3% ... Many trades of small quantity are possible to "extract energy from this noise!"...
... I have not tried but just felt so,!
3. Distributed investment in up trend : - This is something very nice i am feeling right now ... I would break up my exposure money in 10 equal parts ... i will refer icharts or rupeeking website and find 10-12 companies with REAL uptrends with lot of trading volumes ... I would also check MCAD lines and next day at 10.15 am I will check their price movement...If it is getting down i will wait for ti to turn around and if it is getting up from morning and opened near or up of previous close then I will immediately buy it! ... and put previous days average of open n close value as stoploss order value ... and 0.5% to .75 % sell order value or it can be made a trailing stoploss ... whichever I feel better ...
...Anyone if have any suggestion over this please do suggest ... I am surely going to use third method tomorrow... I think there seems nothing wrong with it ...
regards,
priyanvada