Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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Savant Bro want to know one thing I exit and enter in stocks keeping eye on VAR when I saw that in Renuka VAR is beyond control I exit mostly it work many time it dont . As I have a mobile shop too which I handle along with trading trying hand on many systems including webtron all EOD but so far nothing satisfactory Can u tell me something for positional trading Many time I chose from Anant list even Murtaza bro know then sl hit dont want other lose bcoz of me really in need of help on this from u or anyone else Thnx in advance
Re: Stocks To Keep A Close Eye On - Chapter II
Components Of Price Action Trading:
a) Must have NF, BNF, RIL, SBIN, ONGC, BHEL, ICICIBANK, HDFC, HDFCBANK & TATAPOWER on the watchlist whether one trades it or not.
b) Selection of Scrips for Trading is very important, at the same time the scrip must be fundamentally sound in a sector that has the tailwind.
c) Selected scrip should have a good Intraday percentage range
d) Watchlist must have the following columns: Scrip Name, Buy Qty., Bid, Ask, Sell Qty, Average Traded Price, Open, High, Low & Close
e) Once you have the above in place, Just concentrate on one scrip & its Bid & Ask for a week... & see if it changes anything in ones perception of taking trades.
f) If one suffers from short lived memory... it would be good idea to jot down in a notebook from which price point it keeps bouncing back, this need not be the LOW of the day... similarly for the upmove where it keeps meeting with repeated resistance....which again need not be the HIGH of the day.
Let me know of the observations in a weeks time.
If you already have observations on the above to share.....I would still insist that you post it here after a week.
Happy & Safer Trading
SavantGarde
Components Of Price Action Trading:
a) Must have NF, BNF, RIL, SBIN, ONGC, BHEL, ICICIBANK, HDFC, HDFCBANK & TATAPOWER on the watchlist whether one trades it or not.
b) Selection of Scrips for Trading is very important, at the same time the scrip must be fundamentally sound in a sector that has the tailwind.
c) Selected scrip should have a good Intraday percentage range
d) Watchlist must have the following columns: Scrip Name, Buy Qty., Bid, Ask, Sell Qty, Average Traded Price, Open, High, Low & Close
e) Once you have the above in place, Just concentrate on one scrip & its Bid & Ask for a week... & see if it changes anything in ones perception of taking trades.
f) If one suffers from short lived memory... it would be good idea to jot down in a notebook from which price point it keeps bouncing back, this need not be the LOW of the day... similarly for the upmove where it keeps meeting with repeated resistance....which again need not be the HIGH of the day.
Let me know of the observations in a weeks time.
If you already have observations on the above to share.....I would still insist that you post it here after a week.
Happy & Safer Trading
SavantGarde
Re: Stocks To Keep A Close Eye On - Chapter II
yep...
if you could spare the charts... that could be great and will help in my
understanding.
tks
yep...
if you could spare the charts... that could be great and will help in my
understanding.
tks
Many many thanks SG,
with good times to come by... will be an active participant (read learning & contributor) of the forum. Hope to share knowledge & experience with all.
wonderful to be part of such a great forum with great people (like you) around ...
tks !
with good times to come by... will be an active participant (read learning & contributor) of the forum. Hope to share knowledge & experience with all.
wonderful to be part of such a great forum with great people (like you) around ...
tks !
To all TJ friends, a piece of my mind.
When I entered trading, I knew I was entering an enterprise which is universally detested and fascinating at the same time. I love trading because it is the only business that gives me total independence, and tests my intelligence to the fullest. what more, it is honest enough to reward me with hard cash, and if I am not careful, punishes me using the same parameter.
As I got little experienced I knew if I didn't have certain rules in place, I would be a willing partner in an activity that was brutally summed up by Gordon Gekko in Wall Street II: 'Speculation is the mother of all evil.'
Now after many mistakes I have 5 rules like famous 'Panch Ranga Achaar':
I might do intra-day trading in an absolute dire need, but will never apply for IPO or invest ( long or short term) in a company that is run:
a) by petty crooks (Ansals, DLF etc...almost all realty companies)
b) by the people without any tangible, India-based assets, and whose revenue is solely derived from 'Gora People' money (All IT companies)
c) by the ones who ruin environment in the name of development (Vedanta, for example)
d) by the people who try to leverage a noble endevour to make a quick buck. (Micro financing companies)
e) by the snobs who think the world owes its existance to them. (people like the Kingfisher guy)
Here is link that tells more of my rule (d)
http://www.tehelka.com/story_main48.asp?filename=Ne181210Money_for.asp
PS The above rules might look personal prejudice. But they are not, if logically followed through - with your hard earned money placed in the centre. A little hint is enough for the intelligent among you.
P.P.S. Please do not quote this post in full. The first two lines will do fine, if you must reply.
When I entered trading, I knew I was entering an enterprise which is universally detested and fascinating at the same time. I love trading because it is the only business that gives me total independence, and tests my intelligence to the fullest. what more, it is honest enough to reward me with hard cash, and if I am not careful, punishes me using the same parameter.
As I got little experienced I knew if I didn't have certain rules in place, I would be a willing partner in an activity that was brutally summed up by Gordon Gekko in Wall Street II: 'Speculation is the mother of all evil.'
Now after many mistakes I have 5 rules like famous 'Panch Ranga Achaar'
:I might do intra-day trading in an absolute dire need, but will never apply for IPO or invest ( long or short term) in a company that is run:
a) by petty crooks (Ansals, DLF etc...almost all realty companies)
b) by the people without any tangible, India-based assets, and whose revenue is solely derived from 'Gora People' money (All IT companies)
c) by the ones who ruin environment in the name of development (Vedanta, for example)
d) by the people who try to leverage a noble endevour to make a quick buck. (Micro financing companies)
e) by the snobs who think the world owes its existance to them. (people like the Kingfisher guy)
Here is link that tells more of my rule (d)
http://www.tehelka.com/story_main48.asp?filename=Ne181210Money_for.asp
PS The above rules might look personal prejudice. But they are not, if logically followed through - with your hard earned money placed in the centre. A little hint is enough for the intelligent among you.
P.P.S. Please do not quote this post in full. The first two lines will do fine, if you must reply.
Last edited:
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