Sridhar's Trading Dairy

[sridhga]

Today so far the stock appears weak. Did not see great buying. Maybe it is just a consolidation day. Let's see
Will wait upto 10 am to see the trend for today. It is not still clear.

 

[sridhga]

Buying is just coming last 20 min

 

[sridhga]

Morning trades


Product___________Instrument____________P&L
BO_____________BEL18JUNFUT____________ + 12622.5
Transaction Charges (approx) for 6 lots_______ - 900
Balance__________________________________ + 11,722.5

 

[sridhga]

Now most likely the stock will make steady climb. Maybe more slow climb, not like in the morning where it shot up by more than 2 rupees in minutes.

 

[sridhga]

Now most likely the stock will make steady climb. Maybe more slow climb, not like in the morning where it shot up by more than 2 rupees in minutes.

Now stock up by Rs. 1.50. It is at 120.10

 

[sridhga]

Updated trades for today:

Product___________Instrument____________P&L
BO_____________BEL18JUNFUT____________ + 12622.5
MIS____________ BEL18JUNFUT_____________ +1237.50
Total_________________________________________ + 13860.00
Transaction Charges (approx) for 7 lots_______ - 1050
Balance__________________________________ + 12,810


Now will go for lunch.

 

[sridhga]

Okay, I am back. Now the stock is up and is at 121.3. So the uptrend is continuing. Between 1:15 to 1:26 pm more than 6 lakh shares traded pushing up the price. Uptrend is really strong in this stock supported by Indices working as tailwinds.

 

[sridhga]

One more trade executed during the closing hour now updated for the entire day:

Product__________________Instrument____________P&L
BO_________________BEL18JUNFUT________________ + 12622.5
MIS_________________BEL18JUNFUT_________________ + 1237.5
NRML________________BEL18JUNFUT__________________+ 2475
Total________________________________________________ +16,335
Transaction Charges (approx) for 8 lots____________ - 1200
Balance_____________________________________ + 15,135

 

[sridhga]

BEL experienced selling pressure at the end. Tomorrow, it may have tepid opening. Or there could be weakening signs tomorrow. Let us see.

 

[sridhga]

Hi,

I have Rs. 1,40,000 as capital in my account. I trade Futures. I am posting this dairy to keep a tab on my performance. My goal is to generate an income of Rs. 10,000 every week. The income generated, if any, would be withdrawn on Friday evening. If there is loss during week, will not withdraw until, it is filled up. However, if the loss crosses Rs. 40,000 , I will take a break to decide further course of action. Seniors and all traders are welcome to guide me. End of trading day, I will post report for the day.

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