pravin said:
Ashwin has given tips on PBA Infra before 5-6 days backs through mailers and that i purchased 100 shares @ 177 Rs then price come downs to 164 Rs after 4 days immediately but it was my luck that i came out of that script @ 175 Rs because of my technical analysis........i really dont understand why ashwani is cheating people like this ?
Pravin,
Can you give few more examples which led you to the conclusion that you are getting a raw deal from Ashwini Gujral? The example you gave doesn't support this argument. According to my analysis PBA INFRA is in a good position until it breaks below the support level around 150, if the market stays supportive it could actually breakout to new highs after this slight pullback. After you bought it at 177 it has only had a small pullback. I am not sure how this particular example indicates that all of Ashwini's tips are bad.
This is just my opinion. I am not endorsing Ashwini Gujral's tips, I have no idea about the sort of tips he gives. I firmly believe that nobody can predict anything in the market, not Ashwini Gujral nor any other person giving you tips. Trading is all about probabilities, you take a sensible strategy (even a moving averages crossover strategy will do) and take all trades it gives. You win some & lose some and if your stop loss mgmt & position sizing is good you wll come out ahead. Since you have no idea if he is using single or multiple strategies for the tips, all you can do is make sure your position sizing & stop loss mgmt are good. You might want to relook at your position sizing strategy, smaller size would have allowed you to withstand the small pullback in PBA INFRA and you would probably have not felt like this.
When you got the PBA INFRA tip, you should have seen that the nearest support around 150. So if you select 149 as the stop your risk would have been 177 - 149 = Rs. 28 multiplied by number of shares you bought. If you would have gone thru' this computation you would have known if you were capable of withstanding this loss. If you were not prepared to accept this loss when you initiated the trade then you had no business to be in the trade. When trading, before you enter the trade, be ready to accept the risk. If you had not thought all this and just blindly too the tip then I cannot say anything more.
These forums here have wealth of information buried inside, search and learn some more on how to manage risk and that will train you to not even be in such a position as you are in right now.
I hope you don't get angry and blast me, the above is just my humble opinion. I can understand your hurt but when trading on tips you still need to do lot of homework from your side.
--SwingTrader
