Diary of a Intraday Trader in Cash Segment

[kingnemo]

Being inspired from the Veterans here at Traderji and having learnt the basics of trading from the fellow members here, I would post my daily trades here, for the sake of maintaining my Trading Dairy and also for the sake of getting serious in the game, as I call it. For a little background, my broker is MOSL and I trade through their mobile platform, as at office I don't have access to internet.

Initial capital = Rs. 1900

Trades on Dec 30, 2011 -> Bought 500 Unitech at 19.15 & Sold at 19.90. Profit = 339. Cash in Hand = 1900+339 = 2239. Percentage of Return = 17.84%

Trades on Jan 2, 2012 -> Bought 600 Unitech at 18.85 & Sold at 19.20. Profit = 166. Cash in Hand = 2239+166 = 2405. Percentage of Return = 7.4%

Trades on Jan 3, 2012 (Today) -> Bought 600 Unitech at 20.00 & Sold at 19.80. Loss = 164. Cash in Hand = 2405-164 = 2241. Percentage of Return = -6.8%

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 4, 2012 -> Bought 600 Unitech at 19.75 & Sold at 20.15. Profit = 196. Cash in Hand = 2241+196 = 2437. Percentage of Return = 8.7%

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 5, 2012 -> Bought 600 Unitech at 19.65 & Sold at 20.00. Profit = 166. Cash in Hand = 2437+166 = 2603. Percentage of Return = 6.8%

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 6, 2012 -> Bought 600 Unitech at 19.55 & Sold at 19.90. Profit = 166. Cash in Hand = 2603+166 = 2769. Percentage of Return = 6.4%

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 7, 2012 -> Bought & Sold 600 Unitech at 20.15. Loss (Brokerage) = 44. Cash in Hand = 2769-44 = 2725. Percentage of Return = -1.6%

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 9, 2012 -> Bought 600 Unitech at 19.95 & Sold at 20.75. Profit = 436. Cash in Hand = 2725+436 = 3161. Percentage of Return = 16%

 

[rananjay00007]

Re: Dairy of a Intraday Trader in Cash Segment

Trades on Jan 9, 2012 -> Bought 600 Unitech at 19.95 & Sold at 20.75. Profit = 436. Cash in Hand = 2725+436 = 3161. Percentage of Return = 16%

can you please tell why............you are trading unitech...only...........when there are so many fishes in the sea...............any special reason for that..................did you find anything extra in this stock

 

[kingnemo]

Re: Dairy of a Intraday Trader in Cash Segment

can you please tell why............you are trading unitech...only...........when there are so many fishes in the sea...............any special reason for that..................did you find anything extra in this stock

Nothing extra. I trade only 1 particular scrip everyday so long as it has good volume and it gives me consistent return. Earlier it was RCOM but then it started to fluctuate beyond my understanding/prediction/intution or whatever, I shifted to Unitech. Unitech is always in the list of most active shares in NSE under volume. Moreover, Unitech has always been special to me as my first trade (delivery basis) in the world of stock market was in Unitech, which gave me a good return.

I agree that there are many other fishes in the sea. But I am trying to fish not for the sheer excitement of fishing but for making it my sole source of income and I believe studying a particular breed of fish would allow me to predict its movement and thereby make my fishing profitable consistently.

 

[gambler]

Re: Dairy of a Intraday Trader in Cash Segment

Do you follow any indicator or strategy for intraday?

Nothing extra. I trade only 1 particular scrip everyday so long as it has good volume and it gives me consistent return. Earlier it was RCOM but then it started to fluctuate beyond my understanding/prediction/intution or whatever, I shifted to Unitech. Unitech is always in the list of most active shares in NSE under volume. Moreover, Unitech has always been special to me as my first trade (delivery basis) in the world of stock market was in Unitech, which gave me a good return.

I agree that there are many other fishes in the sea. But I am trying to fish not for the sheer excitement of fishing but for making it my sole source of income and I believe studying a particular breed of fish would allow me to predict its movement and thereby make my fishing profitable consistently.

 

[kingnemo]

I don't follow any indicator. The reason being that I do not have access to realtime data / desktop terminal through internet at my workplace PC. The only thing that I have access to is the mobile / wap screen of my broker wherein LTP, Buy Rate, Sale Rate, Buy Quantity, Sale Quantity, etc are displayed and through which I can place my orders. As regards to strategy, I follow the simple one : Whether to buy at the price now or whether to sell at the price now, which depends at what price the market opens. If I can make that decision correctly, which I am trying and striving to, I believe that would be sufficient enough.