Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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- Tags afl amibroker
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Young Lady Swati,
I am only logged into ODIN... I have never traded off the charts... find that very limiting.... None of the trades posted today...or at anytime... for Intraday... Have I made use of charts...
Columns that are present on my ODIN are as follows:
SCRIPNAME, BUY QTY. BID, ASK, SELL QTY, AVG.TRADED PRICE, OPEN, HIGH, LOW, CLOSE & VOLUME.
Of the columns mentioned above only thing I look at is Bid, Ask & Quantities of Both...& sometimes Average Traded Price Upto that point of the day....
Only For Positional Trades I look at the charts... but off late haven't been doing that for sometime....
Some of the candlestick patterns you mentioned, I only know of the name... but don't know what it looks like... except for a few patterns such as Bullish Engulf & Bearish Engulf... couple more....names but forgotten the names...but both those that I have forgotten...does have a star somewhere in the them... I am most illiterate as far as patterns are concerned.....& their names...
VIJAYA I shorted because It had spurted to Days High... & market was almost in positive... and knew that market had to give up some of the gains... so there was some profit in shorting it at that point....
SavantGarde
I am only logged into ODIN... I have never traded off the charts... find that very limiting.... None of the trades posted today...or at anytime... for Intraday... Have I made use of charts...
Columns that are present on my ODIN are as follows:
SCRIPNAME, BUY QTY. BID, ASK, SELL QTY, AVG.TRADED PRICE, OPEN, HIGH, LOW, CLOSE & VOLUME.
Of the columns mentioned above only thing I look at is Bid, Ask & Quantities of Both...& sometimes Average Traded Price Upto that point of the day....
Only For Positional Trades I look at the charts... but off late haven't been doing that for sometime....
Some of the candlestick patterns you mentioned, I only know of the name... but don't know what it looks like... except for a few patterns such as Bullish Engulf & Bearish Engulf... couple more....names but forgotten the names...but both those that I have forgotten...does have a star somewhere in the them... I am most illiterate as far as patterns are concerned.....& their names...
VIJAYA I shorted because It had spurted to Days High... & market was almost in positive... and knew that market had to give up some of the gains... so there was some profit in shorting it at that point....
SavantGarde
Appreciate more explanation on this topic....
How do you capture price top or bottom?
My experience for day
Today IDBI was getting traded in the range of 159 to 163 in the morning....
When it came to 155 I thought this is the bottom & grabbed it.... & it went sharply down to 148 in no time ..... thought of covering it in loss but decided to wait for while & it went up.... looking at the fall I was not having courage to hold it long & squared it off at 157... i.e. 4k gain... but it went up to 164.... So my exit was early....
Again it started coming down... It came to 161 & again went up... So initiated trade... Sold @162.5 with SL of 164 which was the recent top... This worked well.... It went upto 163.9.... saved SL by just 10pisa.
It came down & I covered it at 160.... 5k gain... It went further down to 157 to close at the end of day... Again early exit.....
Hence your explanation in detail will help lot in deciding right entry & exit based on only price... & not referring to any chart.... As I am also dumb in chart analysis....
Last edited:
TGIF and Yes, Monologue Time..
Most active trading day for me in ages..I traded in almost 15 scrips and only 2 were closed with losses...I guess..because of some mental block I never look at realty/infra stocks and am mostly into midcaps..The distinct changes I observed were...
1) Earlier, when I used to see a particular counter already down by more than 3-4%, I never felt like entering into it. Needless to say, it was a wrong approach. I was more like..ye toh already gir chuka hai...ab gire hue ko kitna girana...but the thing is..murde pe 1 Kg weight daalo ye 100 Kg..murda toh murda hi rehne wala hai....finding myself a bit improved in this regard..
2) Previously I used to look more at percentage of increase or decrease instead of focussing on number of trades..for instance, If I got something at 100, I would have waited it to give me at least 4-5 bucks..and mentally..I kept praying..push it up man..push it up...this method was counter-productive because it kept your attention away from other scrips..plus EOD..you are left with minor profit plus less number of trades waiting for a miracle..but now the idea is get away with whatever you are getting and hop onto other trades when market is favoring traders..so here also..I feel better now a days...
3) Yesterday I mentioned about not pressing panic button quickly..but today, 2 bad trades for me Jet & PFC..I couldnt follow the same logic..emotion overwhelmed the concept of "trend is friend"..I shorted alright but it was slightly early & premature and when I found shares surging ahead, I squared off..nimbleness was misdirected here..Totally wrong! just 10 minutes later..I found I would have been in considerable profit had I trusted my conviction..but thankfully..I did not make the same mistakes in other trades..
4) Last observation pertains to waiting game..pehle had my first 2 trades gone wrong I would have closed ODIN and gone over to sleep..literally..but now I see, till 3.30, you always get chances to minimise your losses if not have profits..so there!
So Sir..needless to say..ye sab baatein kaha se seekhne mil rahi hai..but Jerry Says Thank You to Mahamahim!
In context of market..conversation and enlightment..Aap hain toh gaata hai dil...aap nahi toh geet kaha..
Most active trading day for me in ages..I traded in almost 15 scrips and only 2 were closed with losses...I guess..because of some mental block I never look at realty/infra stocks and am mostly into midcaps..The distinct changes I observed were...
1) Earlier, when I used to see a particular counter already down by more than 3-4%, I never felt like entering into it. Needless to say, it was a wrong approach. I was more like..ye toh already gir chuka hai...ab gire hue ko kitna girana...but the thing is..murde pe 1 Kg weight daalo ye 100 Kg..murda toh murda hi rehne wala hai..
..finding myself a bit improved in this regard..2) Previously I used to look more at percentage of increase or decrease instead of focussing on number of trades..for instance, If I got something at 100, I would have waited it to give me at least 4-5 bucks..and mentally..I kept praying..push it up man..push it up...this method was counter-productive because it kept your attention away from other scrips..plus EOD..you are left with minor profit plus less number of trades waiting for a miracle..but now the idea is get away with whatever you are getting and hop onto other trades when market is favoring traders..so here also..I feel better now a days...
3) Yesterday I mentioned about not pressing panic button quickly..but today, 2 bad trades for me Jet & PFC..I couldnt follow the same logic..emotion overwhelmed the concept of "trend is friend"..I shorted alright but it was slightly early & premature and when I found shares surging ahead, I squared off..nimbleness was misdirected here..Totally wrong! just 10 minutes later..I found I would have been in considerable profit had I trusted my conviction..but thankfully..I did not make the same mistakes in other trades..
4) Last observation pertains to waiting game..pehle had my first 2 trades gone wrong I would have closed ODIN and gone over to sleep..literally..but now I see, till 3.30, you always get chances to minimise your losses if not have profits..so there!
So Sir..needless to say..ye sab baatein kaha se seekhne mil rahi hai..but Jerry Says Thank You to Mahamahim!
In context of market..conversation and enlightment..Aap hain toh gaata hai dil...aap nahi toh geet kaha..
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