Sridhar's Trading Dairy

[Vijay11]

Now looking back at this thread, I changed my rules.
1. I do not trade ORB now.
2. Further, I have limited myself to just One Scrip viz. BEL current Month Future.
3. I withdraw surplus in the account every day.
4. If account goes below Rs. 1,40,000/-, I do not withdraw until it is earned back.
5. If account loss is more that Rs. 40,000/-. I would take a break and try to figure out next action plan.
6. No daily targets.

So many rules went out of the window in less than 2 weeks.

Sridhar Garimella

Hi,

Great going.
So, what shall be your Trading strategy now?
Perhaps starting at 10.00 hrs. and deciding upon the trade as per the trend of the scrip BEL.

Awaiting your reply on my two mails sent to you earlier.
Watching Bid & Ask prices as suggested.

Happy trading.
Vijay

 

[sridhga]

Today Global markets are in red. Moreover, BEL had a small run up in the last 3 days. Today could be a day of consolidation. We need to wait and watch for the pattern to emerge. Yesterday, more than 1 crore shares were traded in BEL. That is more than double its 30 day average. Sometimes I noticed yesterday, that in just one minute more than one lakh shares were traded. This is very high for this share. Some big investor is sucking up all the floating stock pushing up the price by about 4.73%. Now the question is will that big investor or investors continue buying today? Will they find it attractive at current prices? Yesterday, in last 15 minutes the share price actually fell by one rupee. Is it caused by the exit of intraday traders? Is it big money for long term holding or is it big money for speculation or is it small time players who exited in the evening? Who pushed the prices up? There is a component of intraday speculation. That my guess was less than 20 % yesterday. The rest is big money. Now will the big money hold for long-term or will they unwind today? How much of golbal factors play into this stock price? We will watch that today.

 

[Vijay11]

Today Global markets are in red. Moreover, BEL had a small run up in the last 3 days. Today could be a day of consolidation. We need to wait and watch for the pattern to emerge. Yesterday, more than 1 crore shares were traded in BEL. That is more than double its 30 day average. Sometimes I noticed yesterday, that in just one minute more than one lakh shares were traded. This is very high for this share. Some big investor is sucking up all the floating stock pushing up the price by about 4.73%. Now the question is will that big investor or investors continue buying today? Will they find it attractive at current prices? Yesterday, in last 15 minutes the share price actually fell by one rupee. Is it caused by the exit of intraday traders? Is it big money for long term holding or is it big money for speculation or is it small time players who exited in the evening? Who pushed the prices up? There is a component of intraday speculation. That my guess was less than 20 % yesterday. The rest is big money. Now will the big money hold for long-term or will they unwind today? How much of golbal factors play into this stock price? We will watch that today.

Today Global markets are in red. Moreover, BEL had a small run up in the last 3 days. Today could be a day of consolidation. We need to wait and watch for the pattern to emerge. Yesterday, more than 1 crore shares were traded in BEL. That is more than double its 30 day average. Sometimes I noticed yesterday, that in just one minute more than one lakh shares were traded. This is very high for this share. Some big investor is sucking up all the floating stock pushing up the price by about 4.73%. Now the question is will that big investor or investors continue buying today? Will they find it attractive at current prices? Yesterday, in last 15 minutes the share price actually fell by one rupee. Is it caused by the exit of intraday traders? Is it big money for long term holding or is it big money for speculation or is it small time players who exited in the evening? Who pushed the prices up? There is a component of intraday speculation. That my guess was less than 20 % yesterday. The rest is big money. Now will the big money hold for long-term or will they unwind today? How much of golbal factors play into this stock price? We will watch that today.

Hi,

Good Morning.
Besides the above, when you had started / mentioning the BEL scrip, it was already at 52 week's low.
And it rebounded, since it is a good stock.

Today it is consolidating. If market keeps moving south bound, then BEL gets support at 115.5. For that it has to break the
immediate support at 118.25.

Your other choice TATA ELXSI is in good shape. it has already crossed R3 OF 1242. (now trading at 1249 and still going strong).

Happy trading
Vijay

 

[sridhga]

Today morning, shorted in six trades:

Product____________________Instrument___________________P&L
BO____________________BEL18JUNFUT_____________________ + 21780.02
Transaction Charges (Approx.) for 6 Lots__________________ - 900

Balance_________________________________________________ +20,880.02

 

[sridhga]

Hi,

Good Morning.
Besides the above, when you had started / mentioning the BEL scrip, it was already at 52 week's low.
And it rebounded, since it is a good stock.

Today it is consolidating. If market keeps moving south bound, then BEL gets support at 115.5. For that it has to break the
immediate support at 118.25.

Your other choice TATA ELXSI is in good shape. it has already crossed R3 OF 1242. (now trading at 1249 and still going strong).

Happy trading
Vijay

Currently, BEL is going good na! So not trading in Elxsi. Elxsi gives very steep moves. I need to figure out how to tame that animal. I will stick to BEL as long as it works for me.

I will still study Elxsi.

 

[sridhga]

Time_________________Type____________Instrument________Qty._____________Avg. price____________Product___Status
08-06-18 10:46_________BUY_________BEL18JUNFUT_____4950________119.1____________________BO___COMPLETE
08-06-18 10:40_________BUY________BEL18JUNFUT______4950________119.1___________________BO_____COMPLETE
08-06-18 10:39_________BUY_________BEL18JUNFUT______4950________119.15_________________BO______COMPLETE
08-06-18 10:32________BUY__________BEL18JUNFUT______4950_________119.15_______________BO________COMPLETE
08-06-18 10:32________BUY___________BEL18JUNFUT_____4950__________119.2________________BO_________COMPLETE
08-06-18 10:32_________BUY___________BEL18JUNFUT_____4950_________119.25______________BO_________COMPLETE
08-06-18 10:10________SELL___________BEL18JUNFUT______4950_________119.75____________BO_______COMPLETE
08-06-18 10:08________SELL___________BEL18JUNFUT______4950__________119.9_____________BO_________COMPLETE
08-06-18 10:05_________SELL__________BEL18JUNFUT_______4950__________120.1_____________BO_________COMPLETE
08-06-18 10:03_________SELL___________BEL18JUNFUT_______4950_________120.1_____________BO__________COMPLETE
08-06-18 9:54___________SELL___________BEL18JUNFUT______4950__________119.9_____________BO__________COMPLETE
08-06-18 9:50___________SELL___________BEL18JUNFUT_______4950___________119.6___________BO___________COMPLETE

Today is consolidation for BEL. So I shorted it.

Vijay11, Since you requested for trade times and rates, I downloaded this from zerodha into excel and pasted here so that you can see them here. See if it makes any sense to you. I will now go home for my afternoon Sandhyavandanam and lunch. After, I come back, I may or may not trade for the day. I will trade only if I understand what is happening. Today morning strong buying did not take place. Let us see how it goes post lunch.


Regards,

Sridhar Garimella

 

[timepass]

Time_________________Type____________Instrument________Qty._____________Avg. price____________Product___Status
08-06-18 10:46_________BUY_________BEL18JUNFUT_____4950________119.1____________________BO___COMPLETE
08-06-18 10:40_________BUY________BEL18JUNFUT______4950________119.1___________________BO_____COMPLETE
08-06-18 10:39_________BUY_________BEL18JUNFUT______4950________119.15_________________BO______COMPLETE
08-06-18 10:32________BUY__________BEL18JUNFUT______4950_________119.15_______________BO________COMPLETE
08-06-18 10:32________BUY___________BEL18JUNFUT_____4950__________119.2________________BO_________COMPLETE
08-06-18 10:32_________BUY___________BEL18JUNFUT_____4950_________119.25______________BO_________COMPLETE
08-06-18 10:10________SELL___________BEL18JUNFUT______4950_________119.75____________BO_______COMPLETE
08-06-18 10:08________SELL___________BEL18JUNFUT______4950__________119.9_____________BO_________COMPLETE
08-06-18 10:05_________SELL__________BEL18JUNFUT_______4950__________120.1_____________BO_________COMPLETE
08-06-18 10:03_________SELL___________BEL18JUNFUT_______4950_________120.1_____________BO__________COMPLETE
08-06-18 9:54___________SELL___________BEL18JUNFUT______4950__________119.9_____________BO__________COMPLETE
08-06-18 9:50___________SELL___________BEL18JUNFUT_______4950___________119.6___________BO___________COMPLETE

Today is consolidation for BEL. So I shorted it.

Vijay11, Since you requested for trade times and rates, I downloaded this from zerodha into excel and pasted here so that you can see them here. See if it makes any sense to you. I will now go home for my afternoon Sandhyavandanam and lunch. After, I come back, I may or may not trade for the day. I will trade only if I understand what is happening. Today morning strong buying did not take place. Let us see how it goes post lunch.


Regards,

Sridhar Garimella

What's your SL in these trades ?

 

[Vijay11]

What's your SL in these trades ?

Hi Timepass,

His SL is +/- 1% (Refer Page 01).

Regards.

Vijay

 

[Vijay11]

Time_________________Type____________Instrument________Qty._____________Avg. price____________Product___Status
08-06-18 10:46_________BUY_________BEL18JUNFUT_____4950________119.1____________________BO___COMPLETE
08-06-18 10:40_________BUY________BEL18JUNFUT______4950________119.1___________________BO_____COMPLETE
08-06-18 10:39_________BUY_________BEL18JUNFUT______4950________119.15_________________BO______COMPLETE
08-06-18 10:32________BUY__________BEL18JUNFUT______4950_________119.15_______________BO________COMPLETE
08-06-18 10:32________BUY___________BEL18JUNFUT_____4950__________119.2________________BO_________COMPLETE
08-06-18 10:32_________BUY___________BEL18JUNFUT_____4950_________119.25______________BO_________COMPLETE
08-06-18 10:10________SELL___________BEL18JUNFUT______4950_________119.75____________BO_______COMPLETE
08-06-18 10:08________SELL___________BEL18JUNFUT______4950__________119.9_____________BO_________COMPLETE
08-06-18 10:05_________SELL__________BEL18JUNFUT_______4950__________120.1_____________BO_________COMPLETE
08-06-18 10:03_________SELL___________BEL18JUNFUT_______4950_________120.1_____________BO__________COMPLETE
08-06-18 9:54___________SELL___________BEL18JUNFUT______4950__________119.9_____________BO__________COMPLETE
08-06-18 9:50___________SELL___________BEL18JUNFUT_______4950___________119.6___________BO___________COMPLETE

Today is consolidation for BEL. So I shorted it.

Vijay11, Since you requested for trade times and rates, I downloaded this from zerodha into excel and pasted here so that you can see them here. See if it makes any sense to you. I will now go home for my afternoon Sandhyavandanam and lunch. After, I come back, I may or may not trade for the day. I will trade only if I understand what is happening. Today morning strong buying did not take place. Let us see how it goes post lunch.


Regards,

Sridhar Garimella

Hi,

Thanks for providing the above.
Now, I shall check these on the chart to understand them in a better way.

Thanks.
Happy Trading

Vijay

 

[Vijay11]

Today morning, shorted in six trades:

Product____________________Instrument___________________P&L
BO____________________BEL18JUNFUT_____________________ + 21780.02
Transaction Charges (Approx.) for 6 Lots__________________ - 900

Balance_________________________________________________ +20,880.02

Great!
Congrats on achieving this consistency!

Your understanding of stock moment is much much better than me.

Happy Trading
Vijay