Hi all,
I have created this business/trading plan for myself, kindly review and let me know whatever short comings you can see.....
Objective: To make short term (to mid term) capital gains by taking delivery trades in stock market
Capital: 1Lakh
Strategy: Take long only deliver trades in blue chips, current flavor of the market stocks, sectors in bull run, defensive plays like FMCG/Pharma and very limited exposure to small cap
Target stocks: close to 50 in number mostly large to large mid cap from a variety of sectors and this list will keep evolving
Aim: to make on an average 10% PM before taxes (I believing in aiming high)
Modus Operandi:
1. I have a list of 50 stocks which I will monitor actively to take trades based on PA
2. Patterns I am interested are Flag, snake, PB, keep MA support, Double/triple bottom and no BO
3. No Leverage
4. Every Sunday I will scan all the 50 charts and zero down to few which are looking good for entry and then note them in a note book (say 10)
5. Ask my broker to take exposure in those stocks as and when the desired levels arrive
6. No more then 10K worth of exposure in one stock
7. Actively monitor those stocks
8. Exit when target is achieved or if the stock looks too bullish then no target
9. Avoid SLs but will be taken for sure in small caps and flavor of the season stocks
10 , Be emotion less and gradually increase the capital
Thanks for reading and please do provide your feedback
Regards
Aapka apna
Sabharwal sahib....
I have created this business/trading plan for myself, kindly review and let me know whatever short comings you can see.....
Objective: To make short term (to mid term) capital gains by taking delivery trades in stock market
Capital: 1Lakh
Strategy: Take long only deliver trades in blue chips, current flavor of the market stocks, sectors in bull run, defensive plays like FMCG/Pharma and very limited exposure to small cap
Target stocks: close to 50 in number mostly large to large mid cap from a variety of sectors and this list will keep evolving
Aim: to make on an average 10% PM before taxes (I believing in aiming high)
Modus Operandi:
1. I have a list of 50 stocks which I will monitor actively to take trades based on PA
2. Patterns I am interested are Flag, snake, PB, keep MA support, Double/triple bottom and no BO
3. No Leverage
4. Every Sunday I will scan all the 50 charts and zero down to few which are looking good for entry and then note them in a note book (say 10)
5. Ask my broker to take exposure in those stocks as and when the desired levels arrive
6. No more then 10K worth of exposure in one stock
7. Actively monitor those stocks
8. Exit when target is achieved or if the stock looks too bullish then no target
9. Avoid SLs but will be taken for sure in small caps and flavor of the season stocks
10 , Be emotion less and gradually increase the capital
Thanks for reading and please do provide your feedback
Regards
Aapka apna
Sabharwal sahib....