Here are the results for 13th Oct.
Ultracemco: Immense learning for new traders
This is a little longer thread than usual as I wanted to drive home the point how dangerous it is to scalp in stocks. I tried scalping in Ultracemco as it had opened much above my entry level given in the morning and was generating volumes.. 2 scalps went wrong and before I could even exit, it gave some big wild moves. Net result was I was down 10k in the first 15 mins of the day! The rest of the day was just an exercise in recovering whatever I could and thats the reason I wasn't active on twitter. The next trade in Ultracemco was taken in cash and it moved well. I kept trailing and booking profits at regular intervals. I would urge you all to go through my trades and take a learning. It can save you costly mistakes and you can learn without putting your money on the line.
Future trades: See the time stamp...and see the movement.
Cash trades: A smaller quantity is always more manageable.
Ultracemco Cash trade
Baj FinSrv:
This looked weak at open and generated a short as per setup but the subsequent PA showed clearly that it wasn't generating any volumes below my entry and hence exited at min loss. It is very important to learn to read PA to understand what it is trying to tell us once our entry levels are broken. One must never be rigid in ones views and should be able to admit that the trade seems wrong and exit immediately with minimum damage.
Thank you u sir for ur efforts
ReplyDeletethanks sir for this.
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