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.