My Swing Trading...

Well Bro I am not a newbie in the market, have lot of experience in the same, Infact I have experience of blowing my account 4 times completly in last 7 years.

Thanks to all here as I got a whole different perspective to trade the market. There were lot of shortcomings in my trading style which have been rectified now by the seniors here.

My idea of starting this thread was to do what I say here. To build up more decipline in my trading, thats it.

And lastly, in no way, I am suggesting these stocks for anyone.

Picked up Infy @ 2352

Initial Capital - 100,000/-
Booked profit/Loss - 0
MTM Profit/Loss- 5600/- (profit)
Open Positions -

1) Idea Fut - 1 Lot on 26/04/12, Buy Price-80.5, CMP-81.1, MTM Profit-2400/- , (seen high of 85)

2) INFY Fut - 1 Lot on 27/04/12, Buy Price-2352, CMP- 2377.65, MTM Profit-3200/- (seen high of 2385)

I am just trying to the different styles how an experienced and a newbie trader trades...

I am just a newbie ,, so

for e.g. if i saw a MTM of 11000 in idea ....i would have crabbed it with two hands

Even me also

But I was busy in buying the Infy that time...and it came back from 85 and I did place the sell order at 85.85/- which did not got executed..

Still maintain the bullish outlook with SL of 78 now.

Axis Bank is the stock to watch out for. Today's close is at 1104. Tgt 1200 in 7-8 trading sessions.

Hey Sunil,

Emotions are the Trader's real enemies. We get over emotions and we rule the Universe, - very rightly said by you.

All the best again and the IDEA will definitely work for you. :clapping:

Cheers
Rgds
SA

Sunil,

a) What is the lot size of Idea and how much money is needed to buy one lot of futures ? Same for Infy.

b) How about booking profits early (say with a TSL of 83.xx) buying options for the rest of the target.

c) If some downside movement is seen (as today it came down), will it be prudent to hedge it with puts ?? I mean, despite accurate analysis, the markets can give spikes either way taking out our stoplosses. How much would the puts cost? Maybe the profits from the futures will take care of that investment and it's early in a very long series, so puts won't be zero too soon.

margin for idea is 57k and for infy 72k.......I wonder how can he trading 1lot each in positional with 100k...., zerodha gives 40% for intraday but for delivery u need full margins......
lot size idea 4000, infy 125......

Ravi Bhai,

My account is with Angel ppl for long time now and with 1 lac capital I can have 10 lots of nifty even for delivery (Others give 4 only), though, there is always some negligible margin short charges. Even for Options, I can take delivery of 3 times of the margin (which is 100% for others).

I used to do 2 cr turnover daily in cash segment. They have seen me losing around 15-16 lacs. :rofl:

In case of Idea and Infy lot, they take margin of 1.10 Lac for both these trades. But in my case, limit ki koi problem nahi hai...:clap:

As told in the first post, these are not, calls, for anyone but for me alone. Nither I am discussing any system where I have to take the positon within the limits. I just said, I have 1 lac for which I have good leverage from my broker.

I hope I have not offended you Ravi Bhai...