Trading diary : Trying to become crorepati.

[learn2trade_ar]

This is the best diary I've ever seen "Trading diary : Trying to become crorepati.".

Posts from Dev bhai on this thread are most awaited by me

 

[Dev Mookerji]

Booked profit in 1 lot Grasim @ 2730.

Was holding @ 1730/- since 13 May 09

 

[Dev Mookerji]

I am becoming mad:rofl:

Market is moving as per our expectations:clap:

This is called tremendous bull run.......buy anything getting in front of your eyes.

 

[Dev Mookerji]

Added 1 lot Mcdowell @ 1040

 

[rangarajan_g]

Added 1 lot Mcdowell @ 1040

what is the strategy for suzlon now , can i buy a lot of bharti airtel at this rate
pl

 

[Dev Mookerji]

what is the strategy for suzlon now

See I am holding Suzlon 1 lot in futures. My SL is 85 by closing.

can i buy a lot of bharti airtel at this rate
pl

Better to avoid it......let the stock to discontinue the sideways movement.

 

[Dev Mookerji]

Total Open positions on date.

2 lot Aban, 2 lot Nifty Mini, 1 lot suzlon & 1 lot united spirits (Mcdowell).

 

[Dev Mookerji]

Total Open positions on date.

2 lot Aban, 2 lot Nifty Mini, 1 lot suzlon & 1 lot united spirits (Mcdowell).

Exited all positions. (Aban & Nifty on profit, suzlon & United Spirits in loss).

Wont be able to track market properly, as going to outstation.

Hence not keeping any open positions.

Shall calculate total profit in leisure times

 

[Dev Mookerji]

Some recapitulations

I was recalling my trades mentioned in this thread.

Specially the loosing trades or where profit reduced to the minimal. I am not concerned about the trades where I have gained descent money.

Overall I am in handsome gain in the four months trading journey (in this thread).

But I am unable to digest four trades.

1. NTPC call

2. Not booking profit Aban when it was around 1300.

3. Natural Gas & Copper long positions

4. Suzlon trade.

In all those trades I was in huge profit if should have booked. Overall NTPC/Aban/Copper were not oss making trade but Natural Gas and suzlon did occurred some losses.

 

[Dev Mookerji]

Specially the suzlon trade was winning trade for couple of days, as after buying @ 95 it went upto 108, I was in 15% profit. I could not booked the profit.

Why?????

But after watching charts again and again I confirmed that my decision was not wrong to hold the position, rathar than booking profit.

Actually I wanted to play this stock with longer horizon, keeping SL of 75. After coming into profit I just upgraded the SL to 85. thats it.
Now after that iif it hits SL there is nothing to do logically.

But emotions killing me days and night that instead of odd 50000/- gain I have suffered 35000 loss. So overall loss is around 85000/- In this single trade.