The worst effected challenge to cover my short of ICICI bank sold at 459 forced to cover at 460.85 level despite the market fall by more than 20 points, the loss was booked for Rs 569/-. I was terribly shaken due to this forced closure as the extra selling at higher level was restricted due to margin requirement despite of my 95000 margin. The IIFL restricted for selling of 500 shares in ICICI bank.
Later I took the opportunity to 250 ICICI sell at 472.85 levels but I advanced to 473.65 levels where I added 150 shares total cover for profit at 470.35, 470.85 and 481.85 levels. The profit was at the end was Rs 368/-. I relaxed for a bit but missed to buy DLF when Bhulakshmi came at that time. We all greeted her “Happy Birth Day”.
I made some money in SBI when I identified and shorted at 1298.65 levels and coved at 1288 level. I missed to sell ICICI but sold only 25 shares. Later no big deal was made due to fear of loosing the money made. I could stop the over trade with 960 gross profit.
I identified the Bull move in Relcap and the REL infra. The DLF crossed the 309 level I identified in the morning, wrote in my diary. I identified the up move at 283 levels I tried to buy at 291levels but confined to 5 shares instead of 250. I kept my study on and felt happy for being like that instead of taking a position.
Saturday, December 20, 2008
Friday, December 19, 2008
The fear of non practice….
The fear of un-acceptable level holding threatens me to wind of the position. The same thing happened when I bought 100 shares of SBI forced me to book the loss for Rs70/-, had I maintained the position then that could have yielded Rs5000/-.
In the morning the other system troubled with windows problem. This system net connectivity was not good. I missed the chance to buy and sell. When things settled, I sold 100 Rel infra but the ticker update failed forced to close. At the same time, Bhulakshmi and her mother-inlaw team came to see my father. This forced me to look for other domestic work.
Later I was bullish but doubtful of the run. I bought SBI and sold for a loss. I bought RIL for high cut but a test buy of 1 share. I was waiting for the fall made some 250 shares of ICICI selling at 451.75, covered for a rupee.
In the fag end, a typical situation happened. I wanted to buy 25 shares of ICICI at 467.75 the price even came down to 465.35 so I thought I might have received that and sold at higher level. Later when I checked the position short of 25 shares forced me to buy when the stock falling after touching 474.8, covered at 470.8. My earlier order got no number as it was not registered with the IIFL. Later another order was placed after some time then the system cancelled my earlier ICICI order. That is how I waited, wasted the day with no gains.
In the morning the other system troubled with windows problem. This system net connectivity was not good. I missed the chance to buy and sell. When things settled, I sold 100 Rel infra but the ticker update failed forced to close. At the same time, Bhulakshmi and her mother-inlaw team came to see my father. This forced me to look for other domestic work.
Later I was bullish but doubtful of the run. I bought SBI and sold for a loss. I bought RIL for high cut but a test buy of 1 share. I was waiting for the fall made some 250 shares of ICICI selling at 451.75, covered for a rupee.
In the fag end, a typical situation happened. I wanted to buy 25 shares of ICICI at 467.75 the price even came down to 465.35 so I thought I might have received that and sold at higher level. Later when I checked the position short of 25 shares forced me to buy when the stock falling after touching 474.8, covered at 470.8. My earlier order got no number as it was not registered with the IIFL. Later another order was placed after some time then the system cancelled my earlier ICICI order. That is how I waited, wasted the day with no gains.
Thursday, December 18, 2008
The Rs20,000/- dream….
I have made a decent deal but the order punched took few seconds time to absorbed made me to wait. The 250 share sell at 532.5 would have made 3000 rupees easily as the steep fall from that level to 510.
I identified the selling in the RelInfra and Relcap made me to track but yielded no good result. Both the stocks fell by 15%, I took a call when Rel cap was at 526.3 and even sold 100 shares at 517.40 but covered at 516 fell to 460 level. I even sold another 30 shares at 512.3 but covered at 511. The Rel infra fell from 600.5 to 535 level but I could not sell despite my efforts to sell 100 shares at 593.3.
The single most mistakes I did was tried to sell reliance 100 shares at 1356.3 level but failed. I again tried to sell Rel cap RelInfra but failed to capitalize. I sold 250 Rel Infra at 593.3 covered at 591.8 level. Had this selling covered at the lower level would have yielded Rs 20,000/-.
The experience shows from the deals is that the trading I do confined to few seconds that to tacking advantage of the volatility. The habit of covering early and waiting for another opportunity is good but this won’t yield results. The best thing is to practice the position holding with out counting the rupee to the volatility that normally happens. The UJWAL- trading is the best solution to this problem. I will practice this trading with Target Oriented Trading (TOT).
I identified the selling in the RelInfra and Relcap made me to track but yielded no good result. Both the stocks fell by 15%, I took a call when Rel cap was at 526.3 and even sold 100 shares at 517.40 but covered at 516 fell to 460 level. I even sold another 30 shares at 512.3 but covered at 511. The Rel infra fell from 600.5 to 535 level but I could not sell despite my efforts to sell 100 shares at 593.3.
The single most mistakes I did was tried to sell reliance 100 shares at 1356.3 level but failed. I again tried to sell Rel cap RelInfra but failed to capitalize. I sold 250 Rel Infra at 593.3 covered at 591.8 level. Had this selling covered at the lower level would have yielded Rs 20,000/-.
The experience shows from the deals is that the trading I do confined to few seconds that to tacking advantage of the volatility. The habit of covering early and waiting for another opportunity is good but this won’t yield results. The best thing is to practice the position holding with out counting the rupee to the volatility that normally happens. The UJWAL- trading is the best solution to this problem. I will practice this trading with Target Oriented Trading (TOT).
Tuesday, December 16, 2008
The waiting failed….
The waiting from the beginning to understand the market turned sour as I traded in Tata steel which I forgotten to trade for long time. The waiting was so desperate as the day is going to be closed but the earnings were negligible. As I wrote in the morning I was forced to trade because I need to prove that I can trade in any condition. The thinking of making money forced me to jump in to trade that was proved wrong.
I normally trade with great precision. The positive side of the trade is that I sold 250 Tata Steel and bought a lot of 382 shares of the Future at the same price. The feel is that the market will eventually fall. This idea is right for the scrip but the market was bullish due to RIL, Bharti and SBI pulled the indices up.
Had I stopped there to sell more would have yielded good results as the scrip likely to benefit me a lot but the markets were so bullish. The further selling at higher level with 500 more could have yielded but proved wrong when I failed to cover at 223.85 level, a forced selling at 225.30 added 1000 rupees extra loss. The total loss amounted to Rs1750/-.
The lesson is never jump to trade. The conviction can be right but the direction shall match with the decision.
I normally trade with great precision. The positive side of the trade is that I sold 250 Tata Steel and bought a lot of 382 shares of the Future at the same price. The feel is that the market will eventually fall. This idea is right for the scrip but the market was bullish due to RIL, Bharti and SBI pulled the indices up.
Had I stopped there to sell more would have yielded good results as the scrip likely to benefit me a lot but the markets were so bullish. The further selling at higher level with 500 more could have yielded but proved wrong when I failed to cover at 223.85 level, a forced selling at 225.30 added 1000 rupees extra loss. The total loss amounted to Rs1750/-.
The lesson is never jump to trade. The conviction can be right but the direction shall match with the decision.
THE BEAUTY...
I THOUGHT YESTOR DAY HDFC WILL LOW CUT MISSED DUE TO THE FEAR OF BULLISH NESS IN THE MARKET.
THE REL INFRA WAS IDENTIFIED WHEN IT WAS AT 666-68 LEVEL, LOW WAS AT 655 MISSED THE LOW CUT. DUE TO PRESSURE FROM HEMA I MISED THE FALL OF ICICI BANK LATER I LOST THE MOOD AS SHE SHOUTED ON THE MODES OPERANDI.
I AGAIN LOST THE OPPORTUNITY TO SELL REL INFRA AGAIN AT 666-68 LEVEL IT TOUCHED 642 LEVEL.
I AM NOT ABLE TO UNDERSTAND HOW I CAN MAKE USE OF MY KNOWELDGE AND COVERT IT IN TO PROFITS. I HAVE TO MAKE A CONCRETE PLAN TO TURN OFF THE BAD FEELINGS AND START LIVING WITH JOY BEING IN THE MARKET.
THE REL INFRA WAS IDENTIFIED WHEN IT WAS AT 666-68 LEVEL, LOW WAS AT 655 MISSED THE LOW CUT. DUE TO PRESSURE FROM HEMA I MISED THE FALL OF ICICI BANK LATER I LOST THE MOOD AS SHE SHOUTED ON THE MODES OPERANDI.
I AGAIN LOST THE OPPORTUNITY TO SELL REL INFRA AGAIN AT 666-68 LEVEL IT TOUCHED 642 LEVEL.
I AM NOT ABLE TO UNDERSTAND HOW I CAN MAKE USE OF MY KNOWELDGE AND COVERT IT IN TO PROFITS. I HAVE TO MAKE A CONCRETE PLAN TO TURN OFF THE BAD FEELINGS AND START LIVING WITH JOY BEING IN THE MARKET.
Thursday, December 11, 2008
The morning move…
The morning deal in ICICI bank made me to go for a protectionist trader. The first buy of 250 shares at 401.35 was closed in 43 seconds, sold at 403.70
The fear of loss pulled me back as I made no good money these days inspite of my change in my trading style forced to take a back seat. I was very bullish on Relcap but failed to notice the move as I was already engaged in ICICI. The scrip was available at 482 ralled up to 493 then to 497. The markets fell by 20 points it came to 490 level I bought at 490.25 then again fell to 488.65. I bought another 25 but sold for a 52 rupees profit. Later surprisingly 5 share was short due to my double sell in the same counter at 487.65 level. I could notice this only when it is trading at 495 level. I started scolding my fate, true some extent again shorted 5 to make up the loss but the scrip rallied to 499 from 495 level. I started scolding for my foolish attempt to average in bullish scrip by selling. Some how I accepted a loss of 20 rupees apart from losing my 52 gain. This is a classic example of 52 from 50 shares wiped out with 5 shares of wrong deal.
Later I identified the Rel infra but due to my fear of loss I was very selective in my selling at 607-11 level. It fell up to 580 level.
I made a mistake by selecting LT at 776 which I thought it will low cut
at 768 level but the choice was wrong went to 784 level and the Nifty rallied from 2910 to 2940 level. Due to this I was again scolding my self for being in position against the trend.
I told to Hema that the Relcap is likely to touch 480-83 level when the ruling was at 495. The markets cracked down Rel infra fell from 606 to 596 level, I opted to sell LT, sold 25 shares but of no use as it was strong at that given instance. I sold BHEL 10 shares and covered but the LT was there where I sold so I covered but ultimately it came to a low of 759, I sold at 775.10 covered at 774.65.
The story of ICICI bank was very interesting, I sold 100 at 402.8 covered 95 at 402.35 I t went back to 403.5 level. I covered, again sold at 404.4 covered at 404.1 but finally when the fall resumed I became a spectator as my chase yielded no result but cancellation my the orders. It touched a low of 393.10. I bought 25 at 394.7 sold at 395.35 I came back to 409.0
Due to my contracted punching volume and speed limited my gross at 870 level but I was very happy to close with positive note.
The fear of loss pulled me back as I made no good money these days inspite of my change in my trading style forced to take a back seat. I was very bullish on Relcap but failed to notice the move as I was already engaged in ICICI. The scrip was available at 482 ralled up to 493 then to 497. The markets fell by 20 points it came to 490 level I bought at 490.25 then again fell to 488.65. I bought another 25 but sold for a 52 rupees profit. Later surprisingly 5 share was short due to my double sell in the same counter at 487.65 level. I could notice this only when it is trading at 495 level. I started scolding my fate, true some extent again shorted 5 to make up the loss but the scrip rallied to 499 from 495 level. I started scolding for my foolish attempt to average in bullish scrip by selling. Some how I accepted a loss of 20 rupees apart from losing my 52 gain. This is a classic example of 52 from 50 shares wiped out with 5 shares of wrong deal.
Later I identified the Rel infra but due to my fear of loss I was very selective in my selling at 607-11 level. It fell up to 580 level.
I made a mistake by selecting LT at 776 which I thought it will low cut
at 768 level but the choice was wrong went to 784 level and the Nifty rallied from 2910 to 2940 level. Due to this I was again scolding my self for being in position against the trend.
I told to Hema that the Relcap is likely to touch 480-83 level when the ruling was at 495. The markets cracked down Rel infra fell from 606 to 596 level, I opted to sell LT, sold 25 shares but of no use as it was strong at that given instance. I sold BHEL 10 shares and covered but the LT was there where I sold so I covered but ultimately it came to a low of 759, I sold at 775.10 covered at 774.65.
The story of ICICI bank was very interesting, I sold 100 at 402.8 covered 95 at 402.35 I t went back to 403.5 level. I covered, again sold at 404.4 covered at 404.1 but finally when the fall resumed I became a spectator as my chase yielded no result but cancellation my the orders. It touched a low of 393.10. I bought 25 at 394.7 sold at 395.35 I came back to 409.0
Due to my contracted punching volume and speed limited my gross at 870 level but I was very happy to close with positive note.
Wednesday, December 10, 2008
A three day effect….
I have decided to go volume business inspite of brokerage losses for two days consequently. On Friday I continued to go and made an Rs 2200+ at gross level. The surprising incidents happen in which I normally consider as luck that the Share khan site went trouble. The whole day on Monday went with out volume. Tuesday is holiday due to Bakr EID. Today the BSNL server was down. On Monday the site got trouble at 11-11.30 am and today the net was down at 12-12.30pm.
To day I wanted to go long but the morning selling pressure in ICICI bank and weakness in SBI forced me to look for low cuts. In the process I focused on Relcap, sold 100 but bought 500 to hedge and take the temporary up moment. This went wrong and I was up set as I wanted to hedge the 100 against with 250 but the two orders placed as the first one was missed in the first instance. The sick feeling indulged me to go short in REL for a rupee which I wanted to test the waters but failed to come out of the wrong direction just to make money out of the deal and the scrip that to in wrong direction made me to loose the gains I made in the morning.
I wrote in the blog that the markets will cross the 2935 level but failed to take advantage. The luck also spoiled the sport. The REL was chosen to buy at 577 level, placed an order for 250 quantity but the tab touch used in 5paisa is different and ShareKhan puts the double tab to cancel. I tried, pressed enter as if I am buying but did no use as the system under stood I wanted to cancel my place order. Again the same situation came when I wanted to buy 500 icici at 386.5 level. REL went upto 607 and ICICI went to 405. I don hold up to that last point but the 1000/- was missed for lack of practice or luck.
To day I wanted to go long but the morning selling pressure in ICICI bank and weakness in SBI forced me to look for low cuts. In the process I focused on Relcap, sold 100 but bought 500 to hedge and take the temporary up moment. This went wrong and I was up set as I wanted to hedge the 100 against with 250 but the two orders placed as the first one was missed in the first instance. The sick feeling indulged me to go short in REL for a rupee which I wanted to test the waters but failed to come out of the wrong direction just to make money out of the deal and the scrip that to in wrong direction made me to loose the gains I made in the morning.
I wrote in the blog that the markets will cross the 2935 level but failed to take advantage. The luck also spoiled the sport. The REL was chosen to buy at 577 level, placed an order for 250 quantity but the tab touch used in 5paisa is different and ShareKhan puts the double tab to cancel. I tried, pressed enter as if I am buying but did no use as the system under stood I wanted to cancel my place order. Again the same situation came when I wanted to buy 500 icici at 386.5 level. REL went upto 607 and ICICI went to 405. I don hold up to that last point but the 1000/- was missed for lack of practice or luck.
Tuesday, December 9, 2008
UJWAL TRADING.....
- U=ULTIMATE
- J=JOURNEY
- W=WHERE
- A=ALL
- L=LEAD
UJWAL TRADIND IS NOTHING BUT "ULTIMATE JOURNEY WERE ALL LEAD"- JUST LIVE THE TREND. FOLLOW THE TREND AND MAKE OTHERS FOLLOW YOU.
Tuesday, December 2, 2008
ABC RUN & TRADING
TRADING IS ALL ABOUT ABC-RUN
- A = ADD POSITION AND RUN THE POSITION
- B = BUILD POSITION AND RUN THE POSITION
- C = CLOSE POSITION AND RUN THE MARKET
B.NAGESWARA RAO
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