My EOD Stock trades......updated regularly Part 2

[Nifty Trader]

Open Positions:

1) Advanta bought on 10th Dec @ 873.8, TSL below 944. CMP - 1008
2) Bajaj Corp bought on 2nd Jan @ 239.3, SL below 229.7. CMP - 253.5
3) Wockhardt Ltd bought on 4th Jan @ 1609.4, SL below 1512. CMP - 1666.65
4) PVR Ltd bought on 8th Jan @ 290.55, SL below 273. CMP - 294.15

Note: Words in Bold denote a change from the last post (esp. SL).

 

[Nifty Trader]

Open Positions:

1) Advanta bought on 10th Dec @ 873.8, TSL below 958. CMP - 1012.7
2) Bajaj Corp bought on 2nd Jan @ 239.3, SL below 229.7. CMP - 252.4
3) Wockhardt Ltd bought on 4th Jan @ 1609.4, SL below 1512. CMP - 1664.65
4) PVR Ltd bought on 8th Jan @ 290.55, SL below 273. CMP - 288
5) J&K Bank bought on 15th Jan @ 1345.8, SL below 1290. CMP - 1359

Note: Words in Bold denote a change from the last post (esp. SL).

 

[saivenkat]

Why is it for Wockhardt Ltd you have kept so deep a SL, and where as for others its relatively small..especially in Bajaj corp SL is so.. tight.. Any special reasons?

 

[Bewinner]

Saivenkat,
I think %wise both sl are not so far....

 

[Nifty Trader]

Open Positions:

1) Advanta bought on 10th Dec @ 873.8, TSL below 958. CMP - 1000.35
2) Bajaj Corp bought on 2nd Jan @ 239.3, TSL below 239.7. CMP - 254.25
3) Wockhardt Ltd bought on 4th Jan @ 1609.4, TSL below 1598. CMP - 1680.55
4) PVR Ltd bought on 8th Jan @ 290.55, SL below 273. CMP - 284.4
5) J&K Bank bought on 15th Jan @ 1345.8, SL below 1290. CMP - 1320.8

Note: Words in Bold denote a change from the last post (esp. SL).

@ Saivenkat - Bewinner is right. In rupee terms the SL might seem bigger since Wockhardt price is about 7-8 times higher than Bajaj Corp. Percentage-wise though, both are roughly the same. Also, since the SL is determined by the system, sometimes it might be smaller (percentage-wise) for some stocks and higher for others depending on support levels.

A lot of times, investors make this mistake while selecting stocks as well, wrongly assuming that just because stock A is higher in rupee terms than stock B, that stock B offers better value. That is sheer nonsense. Stock value is determined by several other things such as Earnings Per Share etc. A stock with good fundamentals but trading at Rs. 10,000 (MRF for instance) has a better chance of doubling than a penny stock with dubious earnings and management but trading at under Rs. 10.

 

[Nifty Trader]

Open Positions:

1) Advanta bought on 10th Dec @ 873.8, TSL below 958. CMP - 996.7
2) Bajaj Corp bought on 2nd Jan @ 239.3, TSL below 239.7. CMP - 255
3) Wockhardt Ltd bought on 4th Jan @ 1609.4, TSL below 1598. CMP - 1689.35
4) PVR Ltd bought on 8th Jan @ 290.55, SL below 273. CMP - 281.3
5) J&K Bank bought on 15th Jan @ 1345.8, SL below 1290. CMP - 1314.4

Note: Words in Bold denote a change from the last post (esp. SL).

 

[champ]

Open Positions:

1) Advanta bought on 10th Dec @ 873.8, TSL below 958. CMP - 996.7
2) Bajaj Corp bought on 2nd Jan @ 239.3, TSL below 239.7. CMP - 255
3) Wockhardt Ltd bought on 4th Jan @ 1609.4, TSL below 1598. CMP - 1689.35
4) PVR Ltd bought on 8th Jan @ 290.55, SL below 273. CMP - 281.3
5) J&K Bank bought on 15th Jan @ 1345.8, SL below 1290. CMP - 1314.4

Note: Words in Bold denote a change from the last post (esp. SL).

Any reason for the downfall of PVR Ltd & J&K bank even in the upward market?
Will they be able to bounce back?

Thanks in advance
Champ

 

[Nifty Trader]

Any reason for the downfall of PVR Ltd & J&K bank even in the upward market?
Will they be able to bounce back?

Thanks in advance
Champ

Hey Champ. Sorry, I have no clue why they have fallen. The set-ups looked very good. PVR, in fact, jumped some 7% on the day I bought it as well, confirming that the trade was sound. However, it came down from there and hit the SL today.

The stock market is a game of probabilities and NEVER EVER certainties. There is no such thing as a sure shot call, contrary to what some experts would have us believe. When you buy a stock with some strategy behind it (assuming the strategy is a good one) you obviously want the stock to go up. However, the market is the boss. If it decides no, then your stock will hit its SL. You gotta just accept it and move on (again assuming you have made no error in judgement and bought it based on a strategy that works). If one's strategy and proficiency in applying it is good then eventually he will make money. Losses will ALWAYS be there. The point is not to go looking for reasons why a stock is going up or down.

This holds true for all traders who trade the market based on technicals. They are not concerned with reason. They just want to jump on and jump off in the right stocks. Kyun oopar ja raha hai, kaise oopar ja raha hai, kab tak oopar jayega, these are pointless questions coz no one knows the answer Hope this answers your question to some extent.

 

[manish12345]

Thanks Champ for asking the question:thumb:......You've bought out a gem of a post from NT. Everyone must drill the above reply in their minds if they haven't already.

 

[kalkivenkat]

Dear Mr. NT:

I agree with your reply.

Market is the ultimate boss, we need to look these & go ahead.

Happy trading.

Venkat