bought 1 lot of dlf at 330 august 2010 expiry

#1
Hi all

on 23/07/2010 i bought 1 lot of dlf at 330Rs of august expiry .its high for the current rally is 331.60 and todays low is 322.80(around 12.50pm)
experts guide me are there any chances of stock reaching in between 335 and 340. Your opinion will help me in deciding whether to hold or book loss

Regards
Sanjiv
 

RSI

Well-Known Member
#2
Hi all

on 23/07/2010 i bought 1 lot of dlf at 330Rs of august expiry .its high for the current rally is 331.60 and todays low is 322.80(around 12.50pm)

experts guide me are there any chances of stock reaching in between 335 and 340. Your opinion will help me in deciding whether to hold or book loss

Regards
Sanjiv
Didn't you have any stoploss before buying? Didn't you have any target before buying? On what basis or why you brought it? From your post it appears that you never had any trade plan at all.

Now for "expert guidance". I am not an expert. But let me tell you one thing frankly. If some one says "buy some more" and some others here say "sell it immediately" and some others say "hold on" what will you do?

I hope at least this time you will learn to make decision on your own and more importantly NOT TO RELY ON OTHERS OPINION/ANALYSIS.

I know it is tough to learn. But trading has to be learned and implemented.

Sorry that I did not give the reply you expected. But think over what I have stated above. That will help you a lot in future.

Best of luck in your future trading
 

RSI

Well-Known Member
#8
there was no need of replying in bold letters
if u r not expert sit at home and wash utensils
There is no need to be rude. Anyway, I am not perturbed by your above quoted reply. But your reply shows that you are taking decision in haste and without much analysis or deliberation and without giving attention to facts. Please reread my earlier post. I had given a good advice to you and you missed it totally. From your post, it is quite evident that you are a newbie to trading and if you rely upon opinions of others for buying and selling, sooner than later your account will be wiped out. Now think again. What would you have done had to got all three types of advice (i.e. buy, sell, hold) from different members in response to your query? Think again. Where is the guarantee that the person giving you the advice is an "expert"? Do you know any of them personally? What criteria will you apply for diciding their "expertise" and how will to caliberate their "expertise"? Please also note, a person giving opinion gives his opinion depending upon his analysis and trade strategy. What opinion do you expect? Is it short term trading, positional trading or swing trading or scalping or any other method of trading? Opinions will vary according to one's trading method. How do you decide when some one says buy XYZ at Rs.xxxx?

By the way, reply in bold letters is to highlight the important point/lesson and not to hurt you in any manner.
There is absolutely no substite for education. Please note that. I am not trying to hurt you, but I am trying to show the correct path to you.

Last but not least, please think over again as to why I have quoted your post while giving this reply. When you reread my earlier post, you will feel sorry for what you have written above and even if you wish you will not be able to delete my post which will always remind you that you have taken decision in haste and not to repeat this mistake again and much less to judge a person in haste.

Wish you good luck and happy learning.
Regards
R. S. Iyer
 
#9
Sir/Madam

thanks a lot for ur valuable guidance.
i had mistaken your quotes
was frustrated since last two days as i had booked loss of 12000
i earned 7000 in 1 month and lost 12000 in 2 days.
hope u will understand my sittuation as i was panicked
right from the bottom of my heart sorry

Regards
Sanjiv
 

RSI

Well-Known Member
#10
Sir/Madam

thanks a lot for ur valuable guidance.
i had mistaken your quotes
was frustrated since last two days as i had booked loss of 12000
i earned 7000 in 1 month and lost 12000 in 2 days.
hope u will understand my sittuation as i was panicked
right from the bottom of my heart sorry

Regards
Sanjiv
Dear friend,

There is no need to be sorry. But take a oath

1. That you will learn how to trade.

2. That you will not act in haste.

3. Most importantly, you will not repeat the mistakes once you had made earlier.

Now here are few suggestions that might help you.

1. There is a thread by member Saint titled "teach a man fish" in this forum. At least take pains to go through it and learn it. It contains lot of useful information.

2. Secondly, if in future you ever land in a situation where you cannot bear loss, do not ask for opinion of others. Get out of your position immediately. Do not bother as to what happens next. Trade which you exited might turn out to be profitable (had you held on) or it might have turned in to a bigger loss (had you held on). Who knows what will happen in future?

Best of luck in your trading
Regards
R. S. Iyer
 

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