Stocks To Keep A Close Eye On

[SavantGarde]

Welcome.....We Have Yet Another Doc In The Club, Now We Cant Call Both Of You Doc,....Let Me See How About DocA,

Well I Didnt Think Rolta Would Move That Much In A Day, 8-10% Move Is Quite Often Though.

By The Way......Are You In Any Way Related To Our Other Doc, Besides The Profession Ofcourse..... & Saint Is Also A Doc....

Happy & Safer Trading

SavantGarde

Congratulations Savant sir for Rolta call.Missed the call but eagerly awaiting for the next one .

 

[SavantGarde]

Hi Lancer,

You Did Everything Right From Entry To Exit & You Got A Profit Of More Than 20% In The Process....

Welcome To The Club Of Positional & Swing Trading.....Like You I Dont Believe In Long Term Or For That Matter Any Kind Of Term, BUY When I Get The Trigger SELL When It Signals SELL & If Anything Moves More Than 8% On The Day Of Entry Then Exit The Same Day Taking Profit Off The Table.

This Will Give You More Profit Than Anything Else Out There.

My Advice, If You Get Comfortable With This & Your Capital Permitting, Think In Terms Of Stock Futures, Cause That Way You Can Exit Even Earlier With More Profit.

Happy & Safer Trading

SavantGarde

Dear Savant,
Thanks for all your calls, particularly Rolta yesterday. Entered with a lot of 200 at Rs 77.40 and exited all at Rs 93.70. Did I do anything wrong like late entry or early offloading or a mistake by not carrying over my possession for the next trading day? Though I have been in the market for more than decade, it used to be for a long term perspective and ended with losses. Now I re-entered the market and find day/ swing trading a safer option since last month. Do you suggest booking profit with 5 pc upside or hang on to the purchases till a substantial gain objective is achieved even if a few days later? Sorry if bugging you.
Regards

 

[SavantGarde]

Hi Doc,

Congratulations ! 100th Post

Ok Let Me Go Through My Own Triggers, Haven't Done It Yet, But SterlingBio Looks Good From The List

'JAI BABA'

SavantGarde

Hello Captain,

I Got Following B/S Trigger From 13 Apr. EOD Data:-

BrandHouse- Sell, SterlinBio- Buy, SunPharma- Buy, Tricom- Buy, WockPharma- Buy.

Let Me Know Your Valuable Opinion.

Thanks.

[100'th Post Of Struggler]

 

[vicky_ag]

Hi Lancer,

You Did Everything Right From Entry To Exit & You Got A Profit Of More Than 20% In The Process....

Welcome To The Club Of Positional & Swing Trading.....Like You I Dont Believe In Long Term Or For That Matter Any Kind Of Term, BUY When I Get The Trigger SELL When It Signals SELL & If Anything Moves More Than 8% On The Day Of Entry Then Exit The Same Day Taking Profit Off The Table.

This Will Give You More Profit Than Anything Else Out There.

My Advice, If You Get Comfortable With This & Your Capital Permitting, Think In Terms Of Stock Futures, Cause That Way You Can Exit Even Earlier With More Profit.

Happy & Safer Trading

SavantGarde

Savant sir, first of all using your trade signals and trading on them, I have become quite a celebrity at office, especially on the RIIL move.:clap:
Now, people are asking me triggers on what to sell and buy. I keep telling them to join traderji so that we can all have a discussion on how's to on trading and learn to analyse on our own but I guess they are more inclined and happy by just booking profits.

Secondly, going by the "if it moves by more than 8%, I sell" rule , I am still holding ROLTA. Do you think it would be better to sell it, first thing 2morow??

Thridly, I have trying to understand the way you get your Buy and Sell. So, basically we buy when MA5 moves over MA6 correct, and sell if it is the opposite, correct?
What is the role of BB in here? Also, as I am already trading forex for a year so , for me MA5 and MA6 look too close to decipher anything until you really magnify it. This could generate a false signal, couldnt it?

Lastly, coming to the point on division of capital on different shares, any insight would be helpful.

 

[SavantGarde]

Hi Vicky,

I Am Happy You & Others Are Doing So Well

a) If Anything Moves 8%+ Will Normally See Some Dip, & For The Ones That Don't, It Could Be Some Favourable News

b) If You Still Hold Inspite Of The Rise Then I Suggest Trail It At Discreet Distance....Which Is Usually A Little Lower Than Previous Days Low As A Thumb Rule

c) I Think Most Of The Stocks That I Have On My List Are Already On B.HOLD & For Some Others Such As Bajaj Auto, HeroHonda, Jindal Steel Power & Others Were Already On B.HOLD When I Resumed Posting Triggers After A Gap Of 3 Months.

d) Also Don't Hesitate To Book Profit Depending On The Market Conditions Cause We Are Going To Witness Some Volatilty For A Week Or So

e) If Market Gaps Up One Can Safely Sell & Buy Back When The Gap Closes, Similarly One Can Do The Same For Gap Down

Happy & Safer Trading

SavantGarde

Savant sir, first of all using your trade signals and trading on them, I have become quite a celebrity at office, especially on the RIIL move.:clap:
Now, people are asking me triggers on what to sell and buy. I keep telling them to join traderji so that we can all have a discussion on how's to on trading and learn to analyse on our own but I guess they are more inclined and happy by just booking profits.

Secondly, going by the "if it moves by more than 8%, I sell" rule , I am still holding ROLTA. Do you think it would be better to sell it, first thing 2morow??

Thridly, I have trying to understand the way you get your Buy and Sell. So, basically we buy when MA5 moves over MA6 correct, and sell if it is the opposite, correct?
What is the role of BB in here? Also, as I am already trading forex for a year so , for me MA5 and MA6 look too close to decipher anything until you really magnify it. This could generate a false signal, couldnt it?

Lastly, coming to the point on division of capital on different shares, any insight would be helpful.

 

[vicky_ag]

Hi Vicky,

I Am Happy You & Others Are Doing So Well

a) If Anything Moves 8%+ Will Normally See Some Dip, & For The Ones That Don't, It Could Be Some Favourable News

b) If You Still Hold Inspite Of The Rise Then I Suggest Trail It At Discreet Distance....Which Is Usually A Little Lower Than Previous Days Low As A Thumb Rule

c) I Think Most Of The Stocks That I Have On My List Are Already On B.HOLD & For Some Others Such As Bajaj Auto, HeroHonda, Jindal Steel Power & Others Were Already On B.HOLD When I Resumed Posting Triggers After A Gap Of 3 Months.

d) Also Don't Hesitate To Book Profit Depending On The Market Conditions Cause We Are Going To Witness Some Volatilty For A Week Or So

e) If Market Gaps Up One Can Safely Sell & Buy Back When The Gap Closes, Similarly One Can Do The Same For Gap Down

Happy & Safer Trading

SavantGarde

Sir,

a).So, basically, once 8% done, try and get out. or Better to check up on news and if positive try and book more profits??

b). Actually, I am trying out something I learned in forex. I have opened two lots of 10 each of ROLTA @ 72.10 . One was sold at the end of day, booking the profit. Second, one has the SL moved to 72.10. Maybe, I can use the same strategy more diligently by booking profits above 8% move on half the trade and then trailing the other half trade closely, with SL at buy price. What do you think?

c). My question relates to your way of getting Buy and Sell signals. As, I understand it is based on MA5 and MA6 with BB(9,2). From what I can understand buy @ MA5 crosses MA6 and sell @ vice a versa. Use of BB is for measuring voltality only?

d) MA5 and MA6 are awfully close to each other as, there is just a bar distance between them. So on a chart I need to really zoom in to see some crossovers. What the chances of a fake crossover?(I know this sounds silly as you have been practicing the same rule for some time).

e) Concerning Gaps, how is it feasible to check it out on a EOD chart?? I mean we are using EOD for our analysis, correct?

 

[SavantGarde]

Hi Vicky,

Ooops! Sorry, Missed Your Other Queries...

Ok For Your 2nd Lot Of ROLTA Keeping The S/L @ Entry Price Is Fine
But As Days Elapse & ROLTA Moves Up Or Down, Change The S/L On The Upside With Each Day Elapsed.

SMA5 & SMA6 Crossover On EOD Is Quite Clear But On Intraday If It Is Not Clear Change It To 3 & 5 or 4 & 6

BB 9,2 If On EOD It Is Pierced On The Upside, One Needs To Be Careful Cause One Of These Scenarios Will Happen

a) It Pushes Up More & Comes Down

b) It Starts Retracing Without Going Up

c) If The Market In General Is Extremely Bullish & It May Keep Climbing For A Few Days, But One Thing You Can Be Sure That It Will Come Down Just As Heavily As It Went Up....Similarly Even If The Market Sentiment Is Bad & Bottom BB Is Pierced, Quite Possibly It Will Move Up The Next Day. On An Intraday Chart If See The BB Getting Pierced One Have A Few Quick Bonus Trades....But Keep In Mind To Keep The 3 or 5 Min Chart Open For It.
a) If Bottom Is Pierced & You Are Long Then Exit On The Second Consecutive Red Candle or Bar

b) If Top Is Pierced & You Are Short, Exit You On The Second Consecutive Green Candle or Bar.



Hope Didn't Miss Any Of Your Queries This Time....

Happy & Safe Trading

SavantGarde

Sir,

a).So, basically, once 8% done, try and get out. or Better to check up on news and if positive try and book more profits??

b). Actually, I am trying out something I learned in forex. I have opened two lots of 10 each of ROLTA @ 72.10 . One was sold at the end of day, booking the profit. Second, one has the SL moved to 72.10. Maybe, I can use the same strategy more diligently by booking profits above 8% move on half the trade and then trailing the other half trade closely, with SL at buy price. What do you think?

c). My question relates to your way of getting Buy and Sell signals. As, I understand it is based on MA5 and MA6 with BB(9,2). From what I can understand buy @ MA5 crosses MA6 and sell @ vice a versa. Use of BB is for measuring voltality only?

d) MA5 and MA6 are awfully close to each other as, there is just a bar distance between them. So on a chart I need to really zoom in to see some crossovers. What the chances of a fake crossover?(I know this sounds silly as you have been practicing the same rule for some time).

e) Concerning Gaps, how is it feasible to check it out on a EOD chart?? I mean we are using EOD for our analysis, correct?

 

[vicky_ag]

Hi Vicky,

Ooops! Sorry, Missed Your Other Queries...

Ok For Your 2nd Lot Of ROLTA Keeping The S/L @ Entry Price Is Fine
But As Days Elapse & ROLTA Moves Up Or Down, Change The S/L On The Upside With Each Day Elapsed.

SMA5 & SMA6 Crossover On EOD Is Quite Clear But On Intraday If It Is Not Clear Change It To 3 & 5 or 4 & 6

BB 9,2 If On EOD It Is Pierced On The Upside, One Needs To Be Careful Cause One Of These Scenarios Will Happen

a) It Pushes Up More & Comes Down

b) It Starts Retracing Without Going Up

c) If The Market In General Is Extremely Bullish & It May Keep Climbing For A Few Days, But One Thing You Can Be Sure That It Will Come Down Just As Heavily As It Went Up....Similarly Even If The Market Sentiment Is Bad & Bottom BB Is Pierced, Quite Possibly It Will Move Up The Next Day. On An Intraday Chart If See The BB Getting Pierced One Have A Few Quick Bonus Trades....But Keep In Mind To Keep The 3 or 5 Min Chart Open For It.
a) If Bottom Is Pierced & You Are Long Then Exit On The Second Consecutive Red Candle or Bar

b) If Top Is Pierced & You Are Short, Exit You On The Second Consecutive Green Candle or Bar.



Hope Didn't Miss Any Of Your Queries This Time....

Happy & Safe Trading

SavantGarde

Sir, I think you missed them cause they were written in one para with no spaces in between.

After reading those notes, I can think of these:

1). So, basically the usage of BB is to measure volatility only. And, to check the deviation of the price at 2SD. So, for different conditions on BB breakouts can be summed into(correspondingly):
a. Dont try to be greedy and book your profits.
b. Check for a retrace, if it is heavy and crosses the MA, you may snip a few short tades.
c. Use the 2 lot with stratergic SL to prevent losses on heavy downturn after hitting the upper BB. And if there is an upturn be ready to take positions.
d. Last one is confusing as the BB breakout would take place on the upper side only when MA5 cross over MA6 and reverse is true, right?

2). To sum up the whole system:Go long in case of MA5 crosses over MA6 on EOD, with previous day low - 2 or 3 INR as SL. Buy hold until the MA6 crosses over to MA5 or 8% move is there(whichever comes first). Pay close attention to BB for market volatility and signs for sudden turns.

3). Do you check each share listed on the stock exchanges or you have some list of prefential shares??

4). Sir, please help me out in the capital allocation of 25k. I am really confused on this one. I mean, how much to buy of shares on a given range? Like 10 of above 1000, 20 of above 500 but less than 1000 etc.
Also, I forgot to congratulate you on the back testing of doc. 10% profit booking is quite great.

 

[lancer]

Hi Lancer,

You Did Everything Right From Entry To Exit & You Got A Profit Of More Than 20% In The Process....

Welcome To The Club Of Positional & Swing Trading.....Like You I Dont Believe In Long Term Or For That Matter Any Kind Of Term, BUY When I Get The Trigger SELL When It Signals SELL & If Anything Moves More Than 8% On The Day Of Entry Then Exit The Same Day Taking Profit Off The Table.

This Will Give You More Profit Than Anything Else Out There.

My Advice, If You Get Comfortable With This & Your Capital Permitting, Think In Terms Of Stock Futures, Cause That Way You Can Exit Even Earlier With More Profit.

Happy & Safer Trading

SavantGarde

Hi Savants,
Thanks for the quick reply:clap::thumb:. so it goes like this...

1. If any equity has an rises above 8% of the opening price on a particular day, book profit and exit OR is it that I exit "only when there is a rise of 8% from my entry level"?
2. Personally I do feel that exiting with even 2-3 % upside and booking profit gives the satisfaction of squaring off the position and not bother about what happens tommorrow and one can always come back the next day with a fishing rod!
3. The calls that you give are one's with bullish trend on intraday/swing trade with a very narrow horizon. And the the sell triggers are inclined towards bearishness.
4. What is the capital requirement for Futures? Have pumped in about Rs. 2 lakhs recently and intend to add 300000 shortly ( waiting till elections are over). Think it may be a better idea to go for F&O, once i am familiar with the day trading?
5. Have observed that any equity that rises and vascillates on a 5-6% price band on real time chart with abnormally high volumes as compared to it's earlier days volumes wins the day with heafty 30pc or above gains. Seen this trend with Essar and Rolta recently.
6. One can only ascertain the data from 11 AM onwards.



Please guide, enlighten where I hv erred and thanks.

LB

 

[Ravi_S]

Hi Savant

I've been trading since 2007 end (when market touched 21K). I made a huge loss of around 2.5 Lakhs including intraday and delivery. I have around 250 shares of Infosys purchased as a part of my stock options (around 700 Rs). Tomorrow being Infosys results, what should I do ? Has the stock reached enough for sell out or do I need to hold for some more time. I want to exit this stock and put my money on other stocks for short term investments...

Regards
Ravi