Stocks To Keep A Close Eye On

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SavantGarde

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Hi Tarun,

Ok Let Me Answer This Point Wise....

a) With 5 Lacs Your Total Exposure In Terms Of Total Margin Requirement Should Not Exceed 2 Lacs....( Therefore, 5 Futures Is Out Of Question) It Will Entirely Depend On The Total Margin Requirement Of A Particular Stock.

b) Have Strict Discipline In Terms Of Trade & Don't Look For What Returns You Might Get In A Month, Strict Discipline With Sound Money Management & Sound Judgement, You Will Be Rewarded Hansomely By The Market.

c) Never Hesitate To Cut Your Position Quickly If It Goes Against, Or Else You Will Be Only Trading To Recoup Your Losses, In The Process Incurring Even More Loss.

d) Good Idea To Change Over From ICICDIRECT & Brokerage Should Not Be More Than 0.03% Charge Only One Side For Intraday

Go Ahead No Problems, But Keep All The Above Points In Mind, Better Still Print It Out & Pin It Next To The Monitor & Remember To Read It 3-5 Times, Before & During The Market.....Till Your Capital Increases To 20 Lacs.


Happy & Safer Trading

SavantGarde


Savant Sir, I started trading in equity in 2005 for abt 2 years and made loss so I stopped trading for nearly 1.5 years. I started trading back some 2 months age and have been trading in equity for short term like weeks/months using Poweryourtrade.com recommendation. Now i am planning to change my gameplan to try with futures. I hv a capital of about 5 lks. I am planning to make 5 future trades at one time( only if stock is really promising to go up in short term. ) Please suggest if my plan looks reasonable. or make some suggestions. Please suggest how much of returns is considered good per month? I use icicidirect.com which I am planing to change as they charge high brokerage.
 
Savantji,

Somewhere I've read, better not to trade for first 30mins and last 30mins.
There's quite volatility. So, I waited and missed.

-ritesh.

Ritesssshhhhh....You Pressed The 'Thanks' Button In The Morning & You Still Missed The Call....Or You Were Watching The Chinese Market & Didnt Have The Courage....Which One Is It ....My Friend....:)

Anyways, Cant Say About How Much Upside It May Have After Moving Up 5%

I Think, Better Wait For Another One....If I Can Find One...


Happy & Safer Trading

SavantGarde
 

tghai

Well-Known Member
Savant Sir,

I have noted down the rules below:

1) Try to Buy only if we are really confident. (Example Sesa Goa in last few weeks)
2) Strict stop loss will be the next lower support level
3) Dont sell just becasue stock is coming down, wait for next support level.
4) Dont sell just because stock has gone up 10% wait for next resistance level.

Thanks for your suggestion. Just FYI I am not a day trader. I have recently reading about daytodayguide and teach a man how to fish from traderji. Ultimate aim is to teach myself technical analysis about a stock.

Please let me know which broker do you use at your convenience.
 

SavantGarde

Well-Known Member
Hi Ritesh,

Not Entering In The First 20-30 Minutes Is A RULE, Same Rule Is Used By Those When Something Is Cooking In A Stock To Accumulate Or Buy Into At The Open....Therefore, For Every Rule, There Are Exceptions.

Next Time Will Mention...Whether To Buy At Open Or Not.


Happy & Safer Trading

SavantGarde

Savantji,

Somewhere I've read, better not to trade for first 30mins and last 30mins.
There's quite volatility. So, I waited and missed.

-ritesh.
 
Savantji,

I truly respect you as a person, ur knowledge and ur calls. In todays world, no one does such selfless work. U r a saint to me.

I have one doubt. wnt to clarify this. for positional trading, a person like me with limited funds say 2-2.5 lacs, as i entered at high levels, i hd already blckd 2 lacs n i hv to really wait for long time to get my funds out. n everday i see myself investing more n more money to make profits.

whereas in intraday say if i put another jst 1 lac, wouldnt i make more money without gettng my funds stuck. :confused: to be very frank, i m lookng to make atleast 30k to 50k per month. Would like your view on this.

I would not stop doing positional / short term invstmt but at the same time if i could hv sm funds flowng regularly with intraday. Is it possible to do both types of trading.

I found this site while surfing. http://www.intradaytips.com/viewedintradaycalls.asp
Do u thnk this one is good or u or any of the senior members knw of a btr site.

I knw u hv already gvn me a brilliant suggestion of forex. bt i m newbie to readng charts. i did read to get the concepts n terminology clear. bt still nt v.confident. not able to devote lot of time due to time zone constraints n also i hv two toddlers to look after. Will dfntly take this up in the near future.

Rgds
Pooja



Hi Pooja,

Thank You For Exhibiting So Much Confidence In Me.

Stay With All The Scrips, You Will Be Rewarded Many Folds.

NOIDATOLL Something Is Cooking One See A Sudden Spurt In Short Term.

EVERONN Is An Excellent & Sky Is The Limit For This One.

I Am Glad Atleast You Were Trying Intraday With Good Quality Scrips.

Thanks For Updating.


Happy & Safer Investing

SavantGarde
 
Savantji,

Thanks for your selfless and unrelenting support to all of us here.
You are, simply, a gem of a person :thumb:.

-ritesh.

Hi Ritesh,

Not Entering In The First 20-30 Minutes Is A RULE, Same Rule Is Used By Those When Something Is Cooking In A Stock To Accumulate Or Buy Into At The Open....Therefore, For Every Rule, There Are Exceptions.

Next Time Will Mention...Whether To Buy At Open Or Not.


Happy & Safer Trading

SavantGarde
 
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