New Intermed Uptrend!!

copperdesk · #**3351** 20th May 2006, 12:34 AM

Hello Mr. Sanit and all the seniors,

I invite you all to pls have a look at my thread http://www.traderji.com/equities/660...-intraday.html. Please give me five minutes.

All that i know whether it 0 or 100, is learnt from here. Learnt from you. And ofcourse how can i forget good 'ol Google.

And pls judge/rate it. Your valuable comment is very much needed. Pls Suggest me to how can i do better?

Thank you.

CopperDesk.

mahmeds2000 · #**3352** 20th May 2006, 12:44 PM

Quote:

Originally Posted by chachi

Excellently said Saint. Me too has suffered like my friend anupam (bought little SatyamComp at 821 and still holding!!!). I have learnt about the stoploss and its advantages from various seniors here and was really convinced. Still ......you know what.... We always have some or other excuse not to do things in the right way. I am putting aside all of them and have really learnt a lesson or two from this market. For now I will take the stoploss very seriously. Thanks for your wonderful advise.

Regards
chachi

Hi saint,
I am also in big loss becz. of not puting stop loss. But the problem for my stock was that, the previous piot point for the stop loss was 15% to 20% that's why i thought within one or two days the market can't go 20% below becz. i am watching the market every one hour. Also if i put the stop loss according to previous piot point then i am in loss of 20% which is very huge. I can't bare more then 4% and if i put stop loss 4% market is volatile my stop loss would execute and imidiately my shares go up 10%, so i am in loss (becz. my stop loss executed at 4%) even if my all shares are 6% up from previos close. So in this volatile market where within one day market is moving down 500 point then up 500 point how we could place the stop loss? On friday if u see the days high and low there is 900 point difference

.
So can u explain how to place the stop loss in this volatile market? I also worried about my portfolio in which approximatly all shares are from this fourm. let me send some history of my portfolio.

10 may 8% up

11 may 5% up
12 may 2.5%up
15 may -5% down
16 may -11% down at 12pm

17 may -0.5% down
18 may -11% down
19 may -17% down

Now i am v v v v .... worried. i don't know what to do now. No fundamental works, No technicl works. Whats going on? is this second Harshd Mehta
So i am requesting u to help me what to do in this situation? I remembred u have helped me earlier that helps me a lot. Also i request the seniors to give his views.
Thanks
wrgrds
Ahmed

ganeshhity · #**3353** 20th May 2006, 04:00 PM

saint,

sorry to disturb you at this point of time...is the new intermed uptrend really over????

I got drastic losses from indiabulls because of their silly buys and sells..they made huge brokerages from me...buying and selling nifty and other lots at wrong time....You know, they made me purchase rel at 636 and sell at 565..there are other such issues, when my brain stopped working and i made huge losses this week...anyway, I do not have debts (thank god)...currently i'm holding rpl futures (purchased 87.5) cmp 72(may)..and nifty futures of june...is it wise that i take them forward to june...will they cross my purchase levels...nifty was purchased on friday after which nifty has seen a downfall of some 50 points...
please revert your suggestions at the earliest..

ganeshhity

inxsofme · #**3354** 22nd May 2006, 05:56 AM

Quote:

Originally Posted by mahmeds2000

Hi saint,
I am also in big loss becz. of not puting stop loss. But the problem for my stock was that, the previous piot point for the stop loss was 15% to 20% that's why i thought within one or two days the market can't go 20% below becz. i am watching the market every one hour. Also if i put the stop loss according to previous piot point then i am in loss of 20% which is very huge. I can't bare more then 4% and if i put stop loss 4% market is volatile my stop loss would execute and imidiately my shares go up 10%, so i am in loss (becz. my stop loss executed at 4%) even if my all shares are 6% up from previos close. So in this volatile market where within one day market is moving down 500 point then up 500 point how we could place the stop loss? On friday if u see the days high and low there is 900 point difference

.
So can u explain how to place the stop loss in this volatile market? I also worried about my portfolio in which approximatly all shares are from this fourm. let me send some history of my portfolio.

10 may 8% up

11 may 5% up
12 may 2.5%up
15 may -5% down
16 may -11% down at 12pm

17 may -0.5% down
18 may -11% down
19 may -17% down

Now i am v v v v .... worried. i don't know what to do now. No fundamental works, No technicl works. Whats going on? is this second Harshd Mehta
So i am requesting u to help me what to do in this situation? I remembred u have helped me earlier that helps me a lot. Also i request the seniors to give his views.
Thanks
wrgrds
Ahmed

Dear all
I hope we all pass through these turbulent times as these are the testing waters the bull story will begin but not before next monday - and that's my own way of thinking. Reasons being margin calls again for the long position which got created on 18th, so expect high volatility during the day, hope we all sail through, then the derivative expiry again going to create waves this time, also the mcsi index review on 30th of may. So please tread very very cautiously as the times are bad.

and my dear friend as of now you have already taken a lot of beating but do not worry just keep on holding good picks and cut down on the risky ones and do follow the advice of seniors(stoploss). You say that you cannot take a loss of more than 5% and you have already boooked that much stoplosses would have saved you from that.

Hope i make some sense.

Cheers

alok · #**3355** 22nd May 2006, 08:56 AM

Dear Friends,

We should not keep hopes high when a market is crashing... kome out of emotions. When you have kept a stoploss then, JUST follow it. Just reduce the loss... I was in SATYAM, BEML, TISCO and several others but as soon as they were about 10% down, immediately I sold them... because, a 10% fall 'often' means a break in the ongoing uptrend.. you know I am Happy because several of them are near about 15-20% down. Now I'm sitting on cash waiting for indicators to show a green signal.... Who knows, still several of those counters may show 5% or more correction!!!!

Alok.

Saint · #**3356** 22nd May 2006, 09:30 AM

Quote:

Originally Posted by dheerajmehta

Hi Saint,

Markets are correcting in a huge way...
i needed some advise ...
i am holding
elderpharma@310
Fedders Lloyd@150...
Lupin@1200
what is ur advise...should i sell/ hold on/ add more at these levels

regards,

Dheeraj M

Depends Dheeraj.........did you get in on a short term basis or as a longer term trade or as an investment?

Please respond as soon as possible.

Saint

Saint · #**3357** 22nd May 2006, 09:41 AM

Quote:

Originally Posted by ganeshhity

saint,

sorry to disturb you at this point of time...is the new intermed uptrend really over????

I got drastic losses from indiabulls because of their silly buys and sells..they made huge brokerages from me...buying and selling nifty and other lots at wrong time....You know, they made me purchase rel at 636 and sell at 565..there are other such issues, when my brain stopped working and i made huge losses this week...anyway, I do not have debts (thank god)...currently i'm holding rpl futures (purchased 87.5) cmp 72(may)..and nifty futures of june...is it wise that i take them forward to june...will they cross my purchase levels...nifty was purchased on friday after which nifty has seen a downfall of some 50 points...
please revert your suggestions at the earliest..

ganeshhity

Hi Ganesh,

Such is the market,and that is its Law........an intermediate uptrend starts,finishes,starts an Intermediate Downtrend,Finishes,and restarts an Intermed Uptrend yet again............nothing lasts Forever,my friend.

Another thing that I fail to understand.........the trigger lies in our hands,the call to enter or exit is ours to make.No broker should be given that right.......and that,as always,requires some education.When to buy and when to sell.

Every trade made must have a stop.....all those numbers above seem devoid of any trading sense,the answer to that is:Obey your stop points,and if stops get triggerred,best to come out.

I am expecting some sort of a relief rally this week,but expect more selling into it......so careful,on the game that you are playing.An investor will have no problems in this mkt,as he stands aside,but the short term trader has to be careful.Whether we get the rally or selling takes to new lows,get out on the rally or if stops are triggerred.

All the best!
Saint

pkjha30 · #**3358** 22nd May 2006, 09:49 AM

Quote:

Originally Posted by Saint

Hi Ganesh,

Such is the market,and that is its Law........an intermediate uptrend starts,finishes,starts an Intermediate Downtrend,Finishes,and restarts an Intermed Uptrend yet again............nothing lasts Forever,my friend.

Another thing that I fail to understand.........the trigger lies in our hands,the call to enter or exit is ours to make.No broker should be given that right.......and that,as always,requires some education.When to buy and when to sell.

Every trade made must have a stop.....all those numbers above seem devoid of any trading sense,the answer to that is:Obey your stop points,and if stops get triggerred,best to come out.

All the best!
Saint

Hi Saint

It sums up the whole point of TA/FA study. If this is not understood Money is your to loose and for intelligents to make marry. As always your statements are to the point.

Hope it is now taken seriously

Pankaj

Saint · #**3359** 22nd May 2006, 09:01 PM

Hi Friends,

As stated some posts ago,we are now in an intermediate downtrend.We DO NOT look to buy now.As a trend trader should,we look to either sell the rallies or stand aside.This move has to give us an indication of a change in trend before we look to BUY.

As an investor,one looks at fundamentals of that company,etc and seeks to buy it in as discount a price as possible.............nothing wrong with that if you got your fundamentals right and are looking long term.

The first paragraph of continued caution is not for the investor,but for the intermediate term trader.This bottom could very well be the absolute bottom before proceeding to new highs,.....or maybe not.As we are not sure as to where we are headed as of now,we stand aside.We let the stk/mkt show us the way.

Advice as of now :Stand Aside,and let the mkt do its thing..........the time to go long is not yet here.

Saint

rahulg77 · #**3360** 23rd May 2006, 06:00 PM

Dear Saint,

As a trader and a trend follower will we know that we are in an intermediate uptrend when the sensex crosses 12600( make a higher pivot high) or will u make a move at seeing some other momentum indicators as well.

Rgds

Rahul

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The Following User Says Thank You to Saint For This Useful Post:
Dhanya (14th September 2008)