2014-Determined to do it

[bunti_k23]

Dear monk iam not a expert but f*** the nifty there r 100s of gud stocks that might be in trend or started trending now hunt them and go ahead gud luck....

 

[pm_shah]

Dear monk iam not a expert but f*** the nifty there r 100s of gud stocks that might be in trend or started trending now hunt them and go ahead gud luck....

I agree with you Bunty that instead of trading index one can trade the stocks which are already in trend, but how do you find those stocks? Do you suggest manual searching or some auto scans? What parameters are to be used to search the trending stocks?

 

[Cubt]

I agree with you Bunty that instead of trading index one can trade the stocks which are already in trend, but how do you find those stocks? Do you suggest manual searching or some auto scans? What parameters are to be used to search the trending stocks?

one simple n effective way is to follow 52 week high/low stocks, just stay with hit. U ll make hell lot of money. Always remember, once a stock hits 52 wk high, it tends to move higher. This how Nicolas Darvas made his fortune. Its easy to find trending stocks but its damn hard to stay with the trend.

 

[pm_shah]

one simple n effective way is to follow 52 week high/low stocks, just stay with hit. U ll make hell lot of money. Always remember, once a stock hits 52 wk high, it tends to move higher. This how Nicolas Darvas made his fortune. Its easy to find trending stocks but its damn hard to stay with the trend.

Thanks Cubt.. I started following this scan recently and some of the stocks have given amazing moves in past few weeks, breaking 52 week high regularly. I am just anxious with volatile moves at that level, still working on entry point and stop loss? Do you have any suggestions on this point?

 

[Cubt]

Thanks Cubt.. I started following this scan recently and some of the stocks have given amazing moves in past few weeks, breaking 52 week high regularly. I am just anxious with volatile moves at that level, still working on entry point and stop loss? Do you have any suggestions on this point?

Best example would be Aurobindo Pharma. Each box is the new 52 week high, The stock hit 52 week high at 221 in November, entry is at 221 and stop loss for that entry is lower box - 136.

From 221 to 306, a non stop rally, the stock continued its 52 week high. Now your stop loss should be moved to lower line of 2nd BOX. I.E ur cost price - 221 is stop loss now.

Again from 306 to 420, another rally, stop loss now 374.

yet again another upmove from 420 to 520. now, ur stop loss should be 420.

This is how great traders make their fortune :thumb::thumb:

 

[The Monk.]

A step back again...

 

[saakk]

A step back again...

Same here man, except 1st one rest 2 were impulsive. Sometime it seems hands work without the conscious concent.....:lol:

 

[bunti_k23]

I agree with you Bunty that instead of trading index one can trade the stocks which are already in trend, but how do you find those stocks? Do you suggest manual searching or some auto scans? What parameters are to be used to search the trending stocks?

Goto moneycontrol.com find daily gainers and losers , volume shockers price shockers etc etc...:thumb:

 

[bunti_k23]

one simple n effective way is to follow 52 week high/low stocks, just stay with hit. U ll make hell lot of money. Always remember, once a stock hits 52 wk high, it tends to move higher. This how Nicolas Darvas made his fortune. Its easy to find trending stocks but its damn hard to stay with the trend.

Perfect reply by cubt:thumb:cubt

 

[The Monk.]