Stocks To Keep A Close Eye On

[SavantGarde]

Re: Queries on Profit Booking

Hi Enygma,

Why You Are More Successful With Your Trades Than Others Is Because You Are Using Your Brain & Sound Reasoning.

Best Part You Are Letting The Market Condition Decide On Your Holding & Exit.

Which Is An Excellent Sign Of A Successful Trader.

WATER Has No Shape No Form Of Its Own....You Pour The Water In A Square Glass It Instantaneously Conforms To The Shape Of The Recptacle That Receives It....

Happy & Safer Trading

SavantGarde

All,

This question is not only for Savant but for all the seniors who do positional (more than 2-3 weeks) trading in stocks.

Around 60% of my trading capital is used for this kind of trading. The remaining is for futures - normally positions held for atleast 2-3 days in NF/BNF (depending upon my margin of safety)

I have been using the buy hold triggers of Savant to enter and scale up my positions in stocks. Normally, I look at EOD charts only to take decisions next day. Studying the charts and the behaviour of the specific stocks, normally my point of entry gives me enough margin of safety since I try to pick up or scale up only after a bit of retrenchment or near the lower BB if the stock is still in uptrend or near a good support etc.

My query is on profit booking. In the volatility of the past 2 months, I am seeing that I am better off taking profits off the table after a good uptrend (with around 15% profits), rather than waiting for the system to give a sell trigger or for my trailing stop losses to be hit. Is this just because of the current volatility in the markets or I am better off taking money out and putting it some other stock that is beginning its uptrend.

A recent example is Praj - I picked it up on 23rd June around 84 since it was already in a uptrend and on the previous day it had respected past supports, so I had stop loss around 78 nearby etc. This ran up to around 99 on 3rd and 4th July before starting to come down. It is currently at 89. It is still in a uptrend but now very near to my trailing stop loss. So I was better off selling it on 4th at around 99 and moving on?

Any suggestions?

Thanks,
Enygma

 

[y2j826]

I didn't mean what everyone is thinking, but I only meant by it is that you can't predict anything, so better to be at safer side then to lost huge amount, thats all...

 

[enygma]

Re: Queries on Profit Booking

Thanks Savant for the kind words - me is still learning ...

I take it that I should let the market decide how much it needs to give me in each trade - just stick to my way of trailing stop losses and not worry of even "possible" higher profits if I ever I were to churn?

Is that the moral of the story?

Regards,
Enygma.

Hi Enygma,

Why You Are More Successful With Your Trades Than Others Is Because You Are Using Your Brain & Sound Reasoning.

Best Part You Are Letting The Market Condition Decide On Your Holding & Exit.

Which Is An Excellent Sign Of A Successful Trader.

WATER Has No Shape No Form Of Its Own....You Pour The Water In A Square Glass It Instantaneously Conforms To The Shape Of The Recptacle That Receives It....

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Re: Queries on Profit Booking

Hi Enygma,

Market Always Dictates What One Must Do.....

For Short Term....It Dictates Quick Profit & Playing For Long & Short

For Longer Term....It Dictates Dig In Your Heels & Stay On The Long Side

Two Different View Above Only Changes In Respect Of Trader's Risk Appetite & Their Analysis.....While Both Are Correct In Their Respective View.

You Deserved All That I Said...Earlier, It Will Keep You In Good Standing For The Long Haul.

Happy & Safer Trading

SavantGarde

Thanks Savant for the kind words - me is still learning ...

I take it that I should let the market decide how much it needs to give me in each trade - just stick to my way of trailing stop losses and not worry of even "possible" higher profits if I ever I were to churn?

Is that the moral of the story?

Regards,
Arun.

 

[tghai]

dont subscribe to this 10paisa.com/ it is crap. i have burnt my fingers. if u r so interested you can go to poweryourtrade.com

 

[tghai]

I have few questions:

1) How much margin % we should keep in our account. if we buy some stock at 20% margin how high can the margin go ?

2) should we buy longer futures contracts or shorter ones? commons sense tells me buy longer ones as there is more possibility that procie will go up in 2 months than 1 month so it wont expire. please confirm.

tarun

 

[ganesh13]

SAVANT SIR,
I am a broker for last few months, I want to know about swing trading strategy.which strategy useful for me and my client also.please give information me about strategy.

 

[aryabhai]

Dear Savant,
I have been following your threads for some time past; however, have not been able to fully comprehend, there are so many strategies, so many ideas. Here I just want to know what do following words in your triggers mean? Is it that one has to buy in proportion? Don't mind for a very elementary question.

Quantity Of Share To BUY Is Position Sized For Rs.20000 Available For Each Scrip
(Adjust Qty. Depending On Your Availability)

arya

 

[SavantGarde]

Tarun,

Your Question Is Unclear In Terms Of What You Really Want To Know....Anyways Find The Reply Below For Whatever The Case Maybe.

a) If Talking About Buying Shares On Margin, Then A Broker Has His Own Specific Requirements & Terms & Conditions For The Same . Therefore Get Details From Your Broker Go Through It Very Carefully & Understand Everything Before You Put Your Hand In It. Trading In Cash Market On Margin Is Not Recommended, Because It Is The Start Of Loosing Discipline & Eventual Ruin For A Trader.

b) If Talking About Futures Segment, Then There Is A List Of Margin Requirements Available From The Broker, You Might Also Ask Your Broker How To Access This List, Because It Changes Everyday Depending On The Closing. Let's Say If Margin Requirement Is 35000 Then You Should Have Atleast 1.0 Lac Deposited With The Broker & Have Another 50K With You Incase You Need To Pay MTM Dues To Extreme Volatility In The Market.

Happy & Safer Trading

SavantGarde

I have few questions:

1) How much margin % we should keep in our account. if we buy some stock at 20% margin how high can the margin go ?

2) should we buy longer futures contracts or shorter ones? commons sense tells me buy longer ones as there is more possibility that procie will go up in 2 months than 1 month so it wont expire. please confirm.

tarun

 

[anilbezawada]

Savant Sir,

Apologies in advance for repeating my post.

Sir, I want to know your thoughts on Hindalco and PTC for tomorrow. Is it advisable to enter one lot of either of these with a strict stop-loss for tomorrow (intraday basis).

Regards
Anil Bezawad

Savant Sir,

Hindalco was on a strong up move before it fell in the last 2 days. It made a high of 115 last week before coming down to 101. What is you opinion on that stock for short term trading.

As advised I would never trade in Stock Futures until you give me a go ahead. But just tempted to invest in one lot of PTC or Hindalco (since they have fallen by good 6-10%) to see if I can recover some earlier losses a bit.

Regards
Anil Bezawada