Sridhar's Trading Dairy

S

sridhga

Well-Known Member
#101
#101
I am back from lunch. BEL has not moved much. It has already gone into weekend mode. I still believe it is in uptrend and it may resume its climb on monday. (I may be right or wrong.) Today indices have not helped either. Let us observe how it closes today.

Regards,


Sridhar Garimella
 
Last edited:
S

sridhga

Well-Known Member
#104
#104
Vijay11 said:
Hi,

Those are Gann levels. You can check them with Pivot Points too.
You will get nearby levels on both of them.

Since you are maintaining the target at +/- 0.5%, that is pretty safe.

Good Luck.
Vijay
Click to expand...

I look at it this way. Those numbers are where many stop losses are hidden. So for the brokers who have visibility, they take the price to that level so that several thousands of stop losses are hit and profits are squeezed. Trading is a zero sum game. If big money has to flourish it must eat up the small fish. This is similiar to the snake that enters a birds nest when the parent birds are away. So when traders are away for lunch, these Gaan Numbers, Pivot points are available for smart money to feed on.

This is purely my view. I believe that markets are games in mass psychology than in techincal analysis.

However, I have tremendous respect for your analysis because, you managed to read my trades so quickly and was able to comment to me in private. Your observations are valid, but as I said earlier, you should have a plan if the trade goes against you.

Regards,


Sridhar Garimella
 
S

sridhga

Well-Known Member
#105
#105
I have not traded post lunch. So my morning profits stay as they were. Although the indices made a comeback, BEL was weak. Every uptick got sold into. I could see occasional long green candle with very high volume(100K+). Then within few minutes, it gets sold into. Anyways when you know it is not going up which trader/investor would pump in 12 lakhs and then lose it for the sake of fun? Total volume of shares traded were just 34 lakhs which is one-third of previous day's volume. So no big player buying here today, or atleast there was no impactful buying. However, it is important to note that futures today carried a premium to the share price in the second half of the day. But when the day ended they were at a slight discount. They were at a discount even yesterday. So currently we see weak signs. However this may not mean much, since, on Monday traders would come fresh and forget everything that happened in the previous week.

Regards,


Sridhar Garimella
 
Last edited:
S

sridhga

Well-Known Member
#106
#106
  • REALISED PROFIT_____76,320.25
  • TOTAL CHARGES_____10,598.91
  • NET REALISED PROFIT_____65,721.34

  • UNREALISED PROFIT_____0.0
Total charges
  • BROKERAGE_____2,780.00
  • TURNOVER CHARGES_____1,710.11
  • STT_____4,503.00
  • GST_____840.65
  • STAMP DUTY_____450.00
  • SWACHH BHARAT CESS_____0
  • SEBI CHARGES_____135.01
  • TOTAL CHARGES_____10,598.91
Since 29th May when I started tracking trades on this thread, this is the progress so far in 1 week and 4 days.
 
J

jagankris

Well-Known Member
#107
#107
sridhga said:
  • REALISED PROFIT_____76,320.25
  • TOTAL CHARGES_____10,598.91
  • NET REALISED PROFIT_____65,721.34

  • UNREALISED PROFIT_____0.0
Total charges
  • BROKERAGE_____2,780.00
  • TURNOVER CHARGES_____1,710.11
  • STT_____4,503.00
  • GST_____840.65
  • STAMP DUTY_____450.00
  • SWACHH BHARAT CESS_____0
  • SEBI CHARGES_____135.01
  • TOTAL CHARGES_____10,598.91
Since 29th May when I started tracking trades on this thread, this is the progress so far in 1 week and 4 days.
Click to expand...
Which broker you are using ? Brokerage seems to be too much.
 
S

sridhga

Well-Known Member
#109
#109
Trade details______Buy qty__________Realized Profit
1__________BANKNIFTY18MAYFUT___________-1,236.00
2__________BEL18JUNFUT____________________75,240.00
3__________BEL18MAYFUT____________________8,662.50
4__________CIPLA18JUNFUT____________________-950.00
5__________HDFCBANK18MAYFUT____________-5,525.00
6__________JUBLFOOD18MAYFUT_____________1,000.00
7__________M&M18MAYFUT____________________2,000.00
8__________MARUTI18MAYFUT_________________-1,725.00
9__________MCDOWELLN18MAYFUT______________500.00
10__________NIFTY18MAYFUT____________________-708.75
11__________TATAGLOBAL18MAYFUT____________-900.00
12__________TCS18MAYFUT________________________-37.50
Total_____________________________________________76,320.25

If you take out BEL trades, all others put together resulted in loss.
 
V

Vijay11

Member
#110
#110
sridhga said:
  • REALISED PROFIT_____76,320.25
  • TOTAL CHARGES_____10,598.91
  • NET REALISED PROFIT_____65,721.34

  • UNREALISED PROFIT_____0.0
Total charges
  • BROKERAGE_____2,780.00
  • TURNOVER CHARGES_____1,710.11
  • STT_____4,503.00
  • GST_____840.65
  • STAMP DUTY_____450.00
  • SWACHH BHARAT CESS_____0
  • SEBI CHARGES_____135.01
  • TOTAL CHARGES_____10,598.91
Since 29th May when I started tracking trades on this thread, this is the progress so far in 1 week and 4 days.
Click to expand...
Congrats Friend!
 
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