Ashwani Gujaral giving tips at wrong time.

Hi All

If you hear his disclosures on CNBC he always states that he has Nifty Futures either Long or short. Rarely he has open position in other scrips.

Never ever believe in other's tips and take trading or investment position. The decision must be yours and the subsequent profit and loss is also yours.

Do you remember the super duper analyst Mr Mathews of Kolcutta?.

SEBI has debarred him giving tips for giving contradictory tips at variance from his positions !!!!!!!!!!!!!

SRJC

I mean't historical trading statistics. Three picks don't make statistics, if you don't collect or see statistics for atleast 40-50 trades the data is meaningless. Close your eyes and pick 3-4 stocks in the current market conditions and there is a very good chance that they will be profitable. A stock picker's skills will be put to test in a sideways/declining market, that is why you need longer trading statistics to really judge if the picks really are better than randomly selected stocks.

Ashwini's or any other stock picker's picks might be good or bad, I don't care either way. My argument is that one needs to be very selective and take a hard look at the trading statistics because when you are taking someone else's picks you are running blind and you need something to give you confidence that you are not making a big mistake.

I would advise one thing to people using other's picks: you are far better off if you pick the wrong stocks yourself and get burnt initially. You will learn invaluable lessons in trading that you will never ever learn if you rely on someone else.

--SwingTrader

Just my two bits..Not an issue of Ashwini Gujaral or any X Y or z giving tips. Any TA/Tipster worth his salt has to windowdress his performance..and in euphoric times such as this its not very difficult. These days big money is being made by dozens by people in this category than the average you or me trading on the tips!!

Regarding a particular scrip that was mentioned viz msk proj, had this tip been given around 96-98, it would have been worthwhile than at 114..nearly 15% up. Not to say it has further upsides or not, timing is important. Thats what seperates a good TA/Tipster from the runof the mill..

Ashwani Gujaral is a self confessed expert on nifty trades, hence his preference to talk about the nifty technicals I suppose.

It was such a nice explanation swingtrader, I liked it very much. To add a little to what u have said:

In Trading, u can't predict the price its only probable (chances of winning) to be high. When someone recommends a stock then also it is not 100% sure that it will go up, he had seen a probable movement (based on charts) and expecting to be higher.

So in every trade the winning and loosing is always possible. Now we need to pick a trade that has high chances of winning i.e. with right time entry and right time exit.

The concept of price stop is so important that if one dont follow it then he will end up loosing everything. I really have gone through that and learned.

Take an example 7 out of 10 picks u win (If u pick nicely .
Example - Take a pick with entry as 100. You kept ur stoploss(support level) as 80. And the target for the stock depends on the momentum (Price and Volume) and u fixed short term targets like 130, 160 and 200 (Resistances)

Now when u reached 130 keep ur stop trailing upwards as long as the trend continues and when u see the trend reverses and touched ur stop loss then exit the trade.

Imagine it touched 180 and ur stop loss trailed to 155. And some reason ur stock coming down and touched ur stop loss (Determines the reverse of trend) then exit the trade. (Please dont think that I could have made more money If I would have sold at 180 because we dont know that stock is going to up or not but we are just following the trend)

Now ur trade can be a win or a loss. Chances are 70:30. If its a win then u gain 55 and if u loose its 20. If u dont have stop loss dont even think about it, u can loose 100 also

Overall if u calculate in such a way and out of ur 10 trades you can 85% profits and 15% losses with the concept of stop losses in place. I put up percentages to make it more understandable but nothing relative.

7:3 ratio is just meant to be good picks. Since u r in traderji, it would be definately 8:2 but pls take care to follow the right time entry, right time exit and trailing stop upwards.

The disadvantages of not having a proper stop loss are u can end up loosing everything, significantly waiting for a time that will come up, loosing ur sleeps etc. Imagine if u dont have a stop losses for any trades existing, look for a trend that continues and get out of rally without thinking about the profits.

This is my 100th post, I thought I could share some valuable information. Hope I did so.

Regards
Raj

Hi

I find the whole thread a little amusing... take the TIP and blame the guy..
why take the TIP in the first place? Ashwani gujaral did not force aybody to act on his tips. Each one of us is responsible for his or her own actions and there is no point in blaming anybody for it.

Learn the art of trading... then you dont have to depend on any gujaral or Easow or Gaba. Swing Trader has rightly said about the wealth of information available in this forum.

By the way our Raj himself is a good example. He has used this forum to learn and today he has the ability find his own calls, that too in a very short time.
Great going Raj and congratulations on your 100th post.

Hope the newcomers to trading in this forum will emulate him.

regards

Karthik

Hi Kartik,

I Totally Agree With U. If U Trade Cautiously By Keeping Stops Then Nobody Can Harm U.

Regards

Hmp

What you say is pure sense. All stock tips are only recommendations of the probability of stock movement and you mus determine the correct entry level to profit from it.

THE WHOLE IDEA FOR AN ADVICE IS HIGH PROBABILITY .IF I AM TAKING MONEY FOR SOMETHING ITS MY JOB TO GIVE THE BEST.
IF YOU THINK THE ANALYSIS IS WRIGHT ,YOU ARE A SENIOR
. MOW LOOK AT A COMMEN PATTERN IN RECOMMENDATION ,ITS CALLED "JACKING" IN WALL STREET. "BUY WHITH HNI CLIENTS" BREAK THE RESISTANCE( THIS IS MOSTLY DONE IN BEAR RAIDS) AND THE RECOMMEND THE STOCK HEAVILY. THEN UNLOAD IT EVEN AFTER YOUR UNLOADING THE STOCK WILL BOUNCE (USALLY A DEAD CAT BOUNCE).
AND LETS THE COMMEN GUYS BE WASTED .THEN BUY AGAIN IF IT GOES UP AFTER SOAKING THE SUPPLY.
SIR DONT YOU THINK WE SHOULD HAVE A DIGNITY FOR WORK , I TAKE GOOD MONEY FROM MY "HNI" CLIENTS BUT YOU COULD ALSO SEE ME BANGING MY HEAD WITH THE COMPUTER SCREEN AT 1 "O" CLOCK AT NIGHT TO SHORT LIST THE GREAT STOCKS FROM THEM NOT BECOUSE THE PAY ME BUT BECOUSE THEY TRUST ME WHITH MY MONEY.

" GREAT PIECE"
" GREAT JOB FOR TELLING THAT TO PEOPLE"