My 'Crorepati' GOAL. My diary

#2
My first serious trade

Trade #1:
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Short sell Libety shoes @ NSE for Rs 103.5.
Baught it back for Rs 100.3.

Reason of trade: I am watching this instrument for 1 week. When it goes down, goes down Rs.3 to Rs.4.

Result: PROFIT around Rs 175 (after deducting all charges)

Lesson: Nothing really.
 
#3
Trade #2 [11 Feb 2010]
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Buy 300 shares of KRBL @ NSE for 31.65

Reason: It was topping the volume chart at the trade opening. Constant raise in price for first few minutes.

Plan: sell it at 35. I was expecting it to reach 35 as it was bought in rapid pace.

Sold 208 shares for 30.00 & 92 shares for 29.75

Reason: After a small raise in 20 minutes, it started to fall. At 3 pm, i squered it off.

Result: LOSS around Rs 550

Lesson: Should have sold the moment it started to reverse from the expected curve. See the image:


Overall p/l position now: LOSS: 375
 

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