Have I made a huge mistake?!! Pls help fast...

T

Trinny

New Member
#1
#1
Hello,
I bought 60 shares of BHEL today @ Rs. 323/share & Delivery because it was just booming within seconds! But then it went down soooo fast that I'm very nervous now.:( It's around 303! Next 3 days are holidays. What do you guys think I should do on Tuesday? Sell immediately and take about Rs. 1200 loss? Will it go back up so that I get get at least Rs. 2-3 profit per share? I am prepared to wait for this for even 2 weeks or more, I just don't want to lose money on it which is why I didn't use Stop Loss. I heard about NTPC order news, etc. Isn't that good for BHEL? Or will BHEL stock price decrease even further?! :eek: Pls do help!
 
S

sanjosedesi

Well-Known Member
#2
#2
There is no prediction where market will be in 2 weeks. So you lose 1200, but learn some lessons from this.

My personal opinion is that while the market ran up quite a bit, BHEL was a laggard. It tried to catch up over the last 2-3 days. However, that overshot and you bought at a very wrong time. If the overall market moves up, you might be able to sell BHEL at a good price. However, the markets have run up so much that the odds of them slowing down or going down or just pausing are much higher.

Asian, Europe and US markets on Monday should give a clue to where you stand.
 
T

Trinny

New Member
#4
#4
That is useful information! Hopefully, I will be lucky to get some gain... Will look at US and European markets on Monday.

Others also have any advice?...
 
D

dd2332

New Member
#8
#8
I also thank Sanjose desi from the core of my heart for his quick reaction and well wishing Advice for fellow members. I also expect up trend on monday but of course depending on foreign Markets trend.
 
Last edited:
T

TraderDude

Banned
#9
#9
Trinny said:
Hello,
I bought 60 shares of BHEL today @ Rs. 323/share & Delivery because it was just booming within seconds! But then it went down soooo fast that I'm very nervous now.:( It's around 303! Next 3 days are holidays. What do you guys think I should do on Tuesday? Sell immediately and take about Rs. 1200 loss? Will it go back up so that I get get at least Rs. 2-3 profit per share? I am prepared to wait for this for even 2 weeks or more, I just don't want to lose money on it which is why I didn't use Stop Loss. I heard about NTPC order news, etc. Isn't that good for BHEL? Or will BHEL stock price decrease even further?! :eek: Pls do help!
Click to expand...
Relax..although you bought it @ higher price today. i would say hold on to it. next week it should move higher..

Also, please don't rely on news alone to take trading decision , you will lose money..

 
EagleOne

EagleOne

Well-Known Member
#10
#10
Trinny said:
Hello,
I bought 60 shares of BHEL today @ Rs. 323/share & Delivery because it was just booming within seconds! But then it went down soooo fast that I'm very nervous now.:( It's around 303! Next 3 days are holidays. What do you guys think I should do on Tuesday? Sell immediately and take about Rs. 1200 loss? Will it go back up so that I get get at least Rs. 2-3 profit per share? I am prepared to wait for this for even 2 weeks or more, I just don't want to lose money on it which is why I didn't use Stop Loss. I heard about NTPC order news, etc. Isn't that good for BHEL? Or will BHEL stock price decrease even further?! :eek: Pls do help!
Click to expand...
Don't worry. if it doesn't cross 285, you are safe. If it hits 330-332, sell without blinking. If it opens above 337, buy 60 more! ;) :)

In the meantime, stop thinking about it, as you can't do a thing about it. So go enjoy yourself, see a movie, meet up with friends, whatever...just have a nice time during holidays.

Take Care
 
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