Sridhar's Trading Dairy

[arunkarthik]

Is there a reason as to why it’s down this much? I couldn’t find any news as such.

Is it the divestment sale? Do they do it in open markets?


Cheers
AK

There are no reasons that I could find.

Now what I am looking at is
1. If there was a gap down today, will it be closed in the next few days?
2. If it has lost !0% in a day without any bad news will it not recover?

I’m equally perplexed.

I’m in deep loss. I had two calls which have gone completely eroded.

Did you close your longs or have you hedged it?



Cheers
AK

 

[mehulnarang]

Ministry of defence order states reducing margins at PBT levels from 12.5% to 7.5%

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[mehulnarang]

BEL Fall because of this

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[arunkarthik]

It’s apparently due to reduction of margins from 12.5 to 7 %. I think this is a blow to the fundamental price of the share itself.


Cheers
AK

 

[sridhga]

I’m equally perplexed.

I’m in deep loss. I had two calls which have gone completely eroded.

Did you close your longs or have you hedged it?



Cheers
AK

Exited in losses
I am still trading.
Will summarize after the day.
Losses so huge that it may take 1 month to recover.

 

[sridhga]

I think things will moderate from 2:30 pm. Let us see.
Several factors contributed to the weakness in mid caps. Global headwinds, margin issues etc.

But BEL is the biggest loser. So there is much more to it.

 

[sridhga]

Today, my losses between Tata Elxsi and BEL are about Rs.145K which are pretty huge. I did not bother about transaction charges. This is the biggest loss I faced in this financial year. This is with multiple trades. I will review my trades and and the scrips and post further.

It will take approximately 1 month to build back this account. I would work with lower risk and just two stocks.

 

[timepass]

Did you place stoploss order ?

 

[TraderRavi]

Today, my losses between Tata Elxsi and BEL are about Rs.145K which are pretty huge. I did not bother about transaction charges. This is the biggest loss I faced in this financial year. This is with multiple trades. I will review my trades and and the scrips and post further.

It will take approximately 1 month to build back this account. I would work with lower risk and just two stocks.

thats huge loss man. must be in positional buy trade. BEL fell 16% today.

 

[sridhga]

Did you place stoploss order ?

For today's trades yes all had stoplosses. But I also had overnight position which gapped down.