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).