Just sharing my daily trading activity here.
As last Friday was a 100% winning trade (4 out of 4) for me I will start recording from there.
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Trading Date: July 13, 2012 (Friday)
Trade # 1
Reliance Industries
Trade Conviction:
Noticed huge volume (406K) @ 9:48 - Price of 724.35. No big price action so couldnt analyze if it was selling or buying volume. After closely watching for few minutes I shorted @ the price of 722.50 (Time: 10:20:58).
Result:
Reliance was trading in a close range of 720-724 range for few hours. Finally booked profit @ 718.50 (Time: 15:14:07). Wasnt in front of my PC while the prices were even lower.
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Trade # 2
Dena Bank
Trade Conviction
Should call this a premeditated trade. Stock was really bullish as it was trading at 52 weeks high. Planned to enter trade if it crosses the weekly high of 102.20. Went long @ 101.95 (Time: 10:36:28). Could not hold my patience and I entered the trade prior to that 102.20 mark
.
Result:
Booked profit @ 102.80 (Time: 10:46:03). Wanted to take the profits off the table as it was my early trade. Could have made more profit as the Stock hit the levels of 104.00 after some time.
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Trade # 3
HDFC Bank
Trade Conviction
Call this a gamble! I didnt follow my own rule to not trade a stock on result day. Stock was trading @ 52 weeks high and a bad result could push the stock down drastically. Shorted @ 589.90 (Time: 11:31:10) keeping a stop loss @ 593.00.
Result
Gamble ends up in slight profit! Closed the trade @ 586.90 (Time: 15:01:38).
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Trade #4
Axis Bank
Trade Conviction
Nifty was not able to cross the 5260 mark and Axis Bank was not able to cross the 1060 mark. Noticed the stock breaking the day's range with a volume of 57K around 1:15pm. Shorted Axis Bank @ 1048.90 (Time: 13:22:24)
Result:
Was away for lunch and logged in at 3pm. Was happy to see the Market coming down. All the 3 active trades (Axis, Reliance and HDFC Bank) were running on profit. Booked profit in Axis Bank @ 1038.55 (Time: 15:03:37)
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As last Friday was a 100% winning trade (4 out of 4) for me I will start recording from there.
==============================================
Trading Date: July 13, 2012 (Friday)
Trade # 1
Reliance Industries
Trade Conviction:
Noticed huge volume (406K) @ 9:48 - Price of 724.35. No big price action so couldnt analyze if it was selling or buying volume. After closely watching for few minutes I shorted @ the price of 722.50 (Time: 10:20:58).
Result:
Reliance was trading in a close range of 720-724 range for few hours. Finally booked profit @ 718.50 (Time: 15:14:07). Wasnt in front of my PC while the prices were even lower.
================================================
Trade # 2
Dena Bank
Trade Conviction
Should call this a premeditated trade. Stock was really bullish as it was trading at 52 weeks high. Planned to enter trade if it crosses the weekly high of 102.20. Went long @ 101.95 (Time: 10:36:28). Could not hold my patience and I entered the trade prior to that 102.20 mark
. Result:
Booked profit @ 102.80 (Time: 10:46:03). Wanted to take the profits off the table as it was my early trade. Could have made more profit as the Stock hit the levels of 104.00 after some time.
======================================================
Trade # 3
HDFC Bank
Trade Conviction
Call this a gamble! I didnt follow my own rule to not trade a stock on result day. Stock was trading @ 52 weeks high and a bad result could push the stock down drastically. Shorted @ 589.90 (Time: 11:31:10) keeping a stop loss @ 593.00.
Result
Gamble ends up in slight profit! Closed the trade @ 586.90 (Time: 15:01:38).
======================================================
Trade #4
Axis Bank
Trade Conviction
Nifty was not able to cross the 5260 mark and Axis Bank was not able to cross the 1060 mark. Noticed the stock breaking the day's range with a volume of 57K around 1:15pm. Shorted Axis Bank @ 1048.90 (Time: 13:22:24)
Result:
Was away for lunch and logged in at 3pm. Was happy to see the Market coming down. All the 3 active trades (Axis, Reliance and HDFC Bank) were running on profit. Booked profit in Axis Bank @ 1038.55 (Time: 15:03:37)
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