A plunge in Indian Stock market
- Thread starter sspms2002
- Start date
A bad bad day for me...I really am feeling very bad about my trading today...
I heard some news from fellow traders yesterday that they made huge money in MASTEK yesterday and their PF increased a lot.., and i was in frame to trade MASTEK , and was basically LONG even before i opened my terminal...in my mind..
I started looking at stocks around 10...and saw MASTEK up and trading at 349...I watched it a bit and it rose to 357-358 and i though it is also heading for a good move as yesterday (when traders were saying it hit Upper circuit)..
i bough 400 at 358..and after going to 359..it started selling a bit..i was in a mind to hold it even if it goes a little against me...
It went passed my entry price..and started trading at 354..i was little scared....but as it was to be...it started fall further and i had to close the trade in deep red...at 352...
After that i felt pathetic and did one or 2 negative trades....
Stocks Traded: MASTEK
P&L :Red 2601 after commissions
At the end i again bought 300 shares of MASTEK at 329 to hold it for overnight...Lets see how much loss it gives tomorrow..
But i realized that i am still not comfortable with 400 default size with big and fast movers .
I think i would like to play simulation for a day or 2 to have some confidence back.
I heard some news from fellow traders yesterday that they made huge money in MASTEK yesterday and their PF increased a lot.., and i was in frame to trade MASTEK , and was basically LONG even before i opened my terminal...in my mind..
I started looking at stocks around 10...and saw MASTEK up and trading at 349...I watched it a bit and it rose to 357-358 and i though it is also heading for a good move as yesterday (when traders were saying it hit Upper circuit)..
i bough 400 at 358..and after going to 359..it started selling a bit..i was in a mind to hold it even if it goes a little against me...
It went passed my entry price..and started trading at 354..i was little scared....but as it was to be...it started fall further and i had to close the trade in deep red...at 352...
After that i felt pathetic and did one or 2 negative trades....
Stocks Traded: MASTEK
P&L :Red 2601 after commissions
At the end i again bought 300 shares of MASTEK at 329 to hold it for overnight...Lets see how much loss it gives tomorrow..
But i realized that i am still not comfortable with 400 default size with big and fast movers .
I think i would like to play simulation for a day or 2 to have some confidence back.
Today was again a tough day mainly because of the Over night position i held in MASTEK.
As market open , MASTEK opened at at 330..my buy was at 329...it started a little slide...and i wanted to exit it around 330...in that hope i played its downside to 325...as it got held there... i just waited for a little more time to exit and it gave another down move...i had to exit at 322...a loss of around 2800 in just 5 minutes of open....(i also took one more position after exit and that too gave loss)
I was seriously dent with that loss.. and didnot wanted to play...I kept watching...
Saw ITC strong even though the market was down a lot..so i took a LONG position..i saw a profit of 400+ but i didn't booked it as i wanted the stock to make a good move...neverthless it started down...i exited it with a loss of 400..and didn't saw that stock there after....but as i saw that later..it gave a very very good down move from there on.....
I then later got some good profits to cover up my losses...
One big profit came in HAVELLS when i was Long 400 shares and got 2400 in one trade...
Another trade where i made some Rs 1000 in GATI , i was Long 200 shares..
Felt a little relieved at the end...
But i think these kind of days make or break a trader...I though have been just doing clean up after initial losses...
Stocks Traded: many
P&L : Red 10 after commissions
As market open , MASTEK opened at at 330..my buy was at 329...it started a little slide...and i wanted to exit it around 330...in that hope i played its downside to 325...as it got held there... i just waited for a little more time to exit and it gave another down move...i had to exit at 322...a loss of around 2800 in just 5 minutes of open....(i also took one more position after exit and that too gave loss)
I was seriously dent with that loss.. and didnot wanted to play...I kept watching...
Saw ITC strong even though the market was down a lot..so i took a LONG position..i saw a profit of 400+ but i didn't booked it as i wanted the stock to make a good move...neverthless it started down...i exited it with a loss of 400..and didn't saw that stock there after....but as i saw that later..it gave a very very good down move from there on.....
I then later got some good profits to cover up my losses...
One big profit came in HAVELLS when i was Long 400 shares and got 2400 in one trade...
Another trade where i made some Rs 1000 in GATI , i was Long 200 shares..
Felt a little relieved at the end...
But i think these kind of days make or break a trader...I though have been just doing clean up after initial losses...
Stocks Traded: many
P&L : Red 10 after commissions
Today was a slow day for me from trading perspective..I was not in mood to trade much after my losses in last few days and was actually thinking of playing simulation..
But i did a few random trades with low size and at the end it was flat.
Stocks Traded: ITC , TVS Motors
P&L : Green 26 after commissions
I though have an open overnight position in TVS MOTORS , iam Long 400 shares at 256...Open profit was around 800 , lets see how it opens tomorrow..
But i did a few random trades with low size and at the end it was flat.
Stocks Traded: ITC , TVS Motors
P&L : Green 26 after commissions
I though have an open overnight position in TVS MOTORS , iam Long 400 shares at 256...Open profit was around 800 , lets see how it opens tomorrow..