Icici Bank.

swapna81 · #11 12th December 2006, 03:00 AM

Ya,I am a medium-long term investor.I bought this as i felt banks are(shud say were) doing good and chose ICICI as it has been doing good in the past few months.I now realize that I stepped in at the wrong time.I have got 50@840.00.
Thanks to all of you guys.Your replies surely make me not to worry that much abt ICICI.

mohanlate · #12 12th December 2006, 01:17 PM

Quote:

Originally Posted by beginner_av

did u get the answer? who r u...long term, short term trader/investor? why did u buy this? what is ur account size? how many have u bought? what is ur trading philosophy? how important is the money to you? without this how the hell can anyone answer ur question correctly...each will tell their OWN view, not ur solution.

Hi Beginner,

Knowing investors preferences and investment objective is definately important before advise. On the other hand, (and this will come to you with experience) everybody is a medium to long term investor who is asking you such questions. A short term investor rarely asks questions BEFORE acting on seemingly speculative market movements. A very long term investor wont even notice a 3-5 % fall in market.

Good Luck!

Mohan

rahulg77 · #13 12th December 2006, 06:42 PM

Quote:

Originally Posted by mohanlate

Hi Beginner,

Knowing investors preferences and investment objective is definately important before advise. On the other hand, (and this will come to you with experience) everybody is a medium to long term investor who is asking you such questions. A short term investor rarely asks questions BEFORE acting on seemingly speculative market movements. A very long term investor wont even notice a 3-5 % fall in market.

Good Luck!

Mohan

Hi Mohan,

How are u? Many a times a short term new trader also ends up becoming an invstor. Not having stops in place...they keep hoping price will rebound and whne it goes at a level that they cannot bear the loss to they end up asking these type of questions.

Talking from my own experience as a new trader

Luckily being with traderji has taught me to keep my systems in place....

Rgds

Rahul

mohanlate · #14 12th December 2006, 07:23 PM

Quote:

Originally Posted by rahulg77

Hi Mohan,

How are u? Many a times a short term new trader also ends up becoming an invstor. Not having stops in place...they keep hoping price will rebound and whne it goes at a level that they cannot bear the loss to they end up asking these type of questions.

Talking from my own experience as a new trader

Luckily being with traderji has taught me to keep my systems in place....

Rgds

Rahul

Hi Rahul,

I am fine, Thanks.
Short term traders can use Sharpe's ratio. Sharpes ratio measures excess returns per unit of risk. By excess returns it means returns above the bare minimum required rate or return. In normal cases it is the risk free rate + some premium for liquidity, market risk and/or cost of borrowing if it is a leveraged/margin position.

Sharpe ratio = (expected return on the stock - required rate or return)/risk

Risk is usually the standard deviation. But one can use a downside loss or deviation from the expected return as a measure of risk.

Therefore I would advise a short term trader to use a stoploss at the risk level, and compare the ratio among stocks before entering them.

Hopefully, such an approach can help trader remain a trader and not go long for an extended period.

Regards,

Mohan

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