Swing Delivery Trading

[alroyraj]

If the system is really good then it doesnt matter if you have a cover or not.

Even if i say that cipla is a bad entry, then the thing to remember is that: -

1. It didnt hit the stoploss yet.
2. It is still open.
3. Market hasent reversed.
4. What if the market bounce at the eod was just temporary or fake. Any thing can happen.
5. May be i find some other good entry, which negates the loss in cipla and nifty.
6. Cipla gives opposite movement to market.

Hoping for good and following the system is what we need to do.

I will just go by the rules.

It is true that sometimes even though you get a good entry,one day the market kinda reverses enough to tempt you to reverse your position,then the move resumes in the original direction. Same thing happened to Tata Steel last week: It gave a sizeable move.

 

[hawaisanjay]

Hi hawaisanjay,

Let icicibank close above 1172 buddy...thats the point to be broken...Otherwise can retrace back on weekly charts...And otherfactor is that it can be good share for swing trading or day trading at the moment, but for investment or little longer period its totally no no for me...i would rather wait for retracement to downside levels at 800-900 but not now...

Sir I asked ICICI for swing trading only.I wanted to start swing trading with this.Unfortunately did not buy today.It opened 1186(spot) ran fast to 1237.I think it will be risky now to take position.

 

[rajputz]

Cipla hit the stop....
updated trade sheet

http://www.editgrid.com/user/rajputz/Trade_History

 

[rajputz]

Hi hawaisanjay,

Let icicibank close above 1172 buddy...thats the point to be broken...Otherwise can retrace back on weekly charts...And otherfactor is that it can be good share for swing trading or day trading at the moment, but for investment or little longer period its totally no no for me...i would rather wait for retracement to downside levels at 800-900 but not now...

Sir I asked ICICI for swing trading only.I wanted to start swing trading with this.Unfortunately did not buy today.It opened 1186(spot) ran fast to 1237.I think it will be risky now to take position.

Just a thought, not a suggestion.

Some rumours in market regarding market trading to 7200-7400 in near future.

 

[SwingKing]

Cipla hit the stop....
updated trade sheet

http://www.editgrid.com/user/rajputz/Trade_History

Haven't seen your Trade Rajputz dear, hence comment may be inappropriate.

But since we are in an up swing as far as volatility is concerned, make sure to adjust your stops accordingly. Else most of the Swing trades will get stopped out.

Tc

 

[rajputz]

Haven't seen your Trade Rajputz dear, hence comment may be inappropriate.

But since we are in an up swing as far as volatility is concerned, make sure to adjust your stops accordingly. Else most of the Swing trades will get stopped out.

Tc

Hi raunak sir,

So nice to hear from you.

For few days i was taking all the short trades as trend changes from shorter to higher time frame. But Market has again gone in indecision mode for me. So i will wait now. It is rangebound between 6180 and 5950. Once this range is broken then will think of some thing.

There was one little mess i did with cipla and that was my ignorance. I didnt counterchecked the position with higher time frame. But still waiting for some clear signals now. tomorrow also a watch day for me.

 

[rajputz]

will be placing a stoploss buy order of bhartiairtel at 337.80...close above 342 and can go further high...lets c hows the day for tomorrow...

 

[rajputz]

for HDFC at 716 is stoploss buy order from me.

 

[rajputz]

buy stop for axis at 1528...lets c how it goes tomorrow....

 

[rajputz]

I have removed all the stoploss buy orders.....I will rather wait now....little doubt came in mind that all these shares will touch the high and will surge after...waiting