Itl - samco

[vijkris]

aha... then I'm sure that it would pay to keep an eye on the opening price. In Unionbank and Rcom, if the opening is pierced from top, it is not the time to buy - maybe even the time to short. Similarly, if the price is pierced from the bottom, it is not the time to short - maybe even the time to buy, depending on your indicators. Maybe that's the mistake Muthu made, shorting at 1855 when it was reversing from 1825 (opening 1850).

Every scrip has different price moves. Rcom defends its opening price, rarely pierces it with a jerk. If it opens at 58.55 and moves up, then even when going down 58.55 will provide a strong support. With unionbank, it will generally simply plonk through the opening price in a hurry

But again, there is no cardinal rule in day trading.

hmm.. interesting observation abt opening price.. :clapping:
maybe muthu should post charts daily here, so that all can learn. :thumb:

 

[vijkris]

aha... then I'm sure that it would pay to keep an eye on the opening price. In Unionbank and Rcom, if the opening is pierced from top, it is not the time to buy - maybe even the time to short. Similarly, if the price is pierced from the bottom, it is not the time to short - maybe even the time to buy, depending on your indicators. Maybe that's the mistake Muthu made, shorting at 1855 when it was reversing from 1825 (opening 1850).

Every scrip has different price moves. Rcom defends its opening price, rarely pierces it with a jerk. If it opens at 58.55 and moves up, then even when going down 58.55 will provide a strong support. With unionbank, it will generally simply plonk through the opening price in a hurry

But again, there is no cardinal rule in day trading.

Yday crude chart.. open=low.. and pure bullish move.
Tp Bhai has bright future..:clapping:

 

[TraderRavi]

any updates , losses recovered ?

 

[marimuthu13]

any updates , losses recovered ?

hi
yes loss recovered..capital itself 29000 only..so not much loss..

now just thinking to start next year with full capital (that's employed with RK global now) so that I wont be taking extra risk by using leverages etc etc...