Bought 90 RPL shares @ 236.5

[raghavendra1984]

Hi Everybody,

This is my first day in trading. I saw RPL declining from 271 to 250, then I thought to wait for sometime and to buy @ 242.5. Then I bought 40 shares @ 242.5 but again it declined and it was floating @ 232-238 for sometime and when it reached 231 I bought 50 more. The next moment it suddenly reduced to 225 and at somepoint of time it hit the low 214 and close @ 220.
Guys tell me whether I made a right decision to buy extra 50 shares @ 231.

 

[wellwisher]

Hi Everybody,

This is my first day in trading. I saw RPL declining from 271 to 250, then I thought to wait for sometime and to buy @ 242.5. Then I bought 40 shares @ 242.5 but again it declined and it was floating @ 232-238 for sometime and when it reached 231 I bought 50 more. The next moment it suddenly reduced to 225 and at somepoint of time it hit the low 214 and close @ 220.
Guys tell me whether I made a right decision to buy extra 50 shares @ 231.

Hi Raghavendra,

Just forget you own the stock. See the price after 5 years and you will be very very happy.

don't day trade in RPL. Treat it as an investment and for your child.

 

[vishnuindian]

what 5 years ah ? ? ???? ?

 

[rider.royal]

He is right vishnu, it may not be 5 years but it surely is long term bet. but if u wanna day trade then it is different ball altogether..

 

[chintan786]

earlier whenever i tried to day trade in RPL.. i end up taking its delivery..... because Profit was such tht i don't want to close my position.tht's why I have good weightage of RPL in my portfolio and when today it get crashed it created big dent in it.

But no worries....

@raghav....

no dear , u have not done Right.Actully was trying to "Catch Falling Knife". with RPL u not get butchered... but if same u had done in F&O.. the story is all togther different.

don't do this again.. specially if stock have support levels too far frm Trading price.

chintan

 

[sam1233]

http://www.traderji.com/127353-post596.html

 

[Jugal]

My advice is to hold RPL for one year, you will see some correction today. RPL can touch 200 today, but wait for one or 1/2 year. It will be 300-400.