Hi Friends,
Last week was very much tensed as I involved in INTRADAY TRADING for 3 days and earned around 1528 rupees without any knowledge about trading. I just predicted and I was very lucky to have earned with just 12000 rupees investment. I went for BO ( Bracket Order). It gave a leverage of more than 20 times. The market indices were positive throughout the week and that I was bit confident those stocks will move up. But it is always risky. Let me summarise my actions of the week.
22/11/2017 MCLEOD 260 289.80 291.00
| I got the suggestion from Moneycontrol. I tried BO for the first time. I had only 7k in hand. It was rather a good try |
24-11-17 |
DCB |
1000 |
185.00 |
185.50 |
| 24-11-17 |
DCB |
56 |
184.45 |
185 |
| 24-11-17 |
DCB |
117 |
184.45 |
185.05 |
| 24-11-17 |
DCB |
327 |
184.30 |
184.90 |
| 24-11-17 |
DCB |
300 |
184.00 |
184.45 |
| 24-11-17 |
DCB |
500 |
184.00 |
184.50 |
| 24-11-17 |
DCB |
500 |
183.95 |
184.50 |
I got this suggestion from Hindu Business Line. It belonged to 27.8 times leverage share in BO/CO. The price rose to 3.84% at the opening of the market itself. So I was bit confused. But I soon decided that I should trade today irrespective of the result.
So I started with 1000 shares. After that almost up to 2:15pm, the trade was below 185 only. I concluded that I did a mistake of buying.
Even I thought of selling at 184 when the low of 182.9 was reached. As I had accumulated more share, The price down was really frustrating.
At the time I did a lot of small transactions with 20 times Margin. It gave me around 600 rupees in the beginning. I thought buying the first 1000 shares was a mistake.
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I started reading the book "Trading in the Zone by Mark Douglas" meanwhile. I found in the first two lessons that EMOTIONS are the major difference between best and worst trader
So I didn’t get worried about the loss that was amounting. I rather positively affirmed that I shall wait until the end. It will give me a profit or a good lesson. I took risk of trading already. I am not going fear the risk.I know it already.
The same thing happened. The price was slowly increasing above 184. suddenly reached 187 mark. I was shell-shocked. From the point of 2000 rs loss to 2500 rs profit. I initially fixed the target as 186.6 but later changed it to 185.5. I am happy with 1200 rs profit of the day and made largest transactions so far. It was really a good lesson. Be positive, Be brave, You already took the risk otherwise you would have not traded. wait until the end. it gives more profit
I bought Maruti Suzuki for 25000 rupees and also sold 3 poor performing stocks from my portfolio
21/11/2017 MARUTI 3 8426
| According to William O Neil, It just overcame CUP price pattern consolidation period and it is about to reach new heights. The sentiment is overall positive with many brokers expect it to reach 9500 soon.It is no.1 car company, good EPS increment, good sales and profits |
24/11/2017 BLUESTARCO 2 692.5
24/11/2017 EQUITAS 2 146
I sold them because they were performing very slowly and I want to have only good performing stocks in my portfolio. On 01/12/2017, I am going to invest around 3 lakh rupees ( mostly in mutual funds)
I hope for great week ahead
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| My Holdings as of 24/11/2017 |
Learnings
1. Investing for SHORT TERM in good stocks is better than INTRADAY TRADING in best stocks
2. Read " Trading in the zone " by Mark Douglas to know about how to day trade
3. CANSLIM is good technique but even the international experts in CANSLIM cannot accurately foretell
4. Don't come to D street to multiply your earnings. Instead, expect good returns from D-STREET
5. Technical analysis and Strategies really work
6. Mutual Funds are far better for non-investing professionals
7. Don't go against the wave
Thank You, Friends!
A lot of exciting stories ahead for next week. Meet you then. Feel free to comment.
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