When to sell JetAirways ?

[latticesam]

hi, i do mock trading right now.
i bought Jet Airways (NSE) a couple of days ago at different prices
100 shares at 543/sh
200 shares at 549/sh
100 shares at 548/sh
i bought them because of the speculation that Jet Air will be offloading shares to Etihad Airways. When i bought them the price had already hiked at 8%.
And portfolio managers at Moneycontrol.com said the price could shoot up to 700/sh if the deal strikes so hold it.( some even say to 800/sh)

Today in the first hour of trading itself , the price shot to 562. i sold 100 shares. 300 shares i kept and hope it will soar even high but instead it was stable at that price for long and then fell and the closing price was 532 as compared to 545 at which i bought.
Did i do a mistake by not selling them off?

Im a newbie, this is second day of my trading ( i do mock, right now).
I want to learn when is it appropriate to sell off shares.how to analyse it.

 

[DanPickUp]

hi, i do mock trading right now.
i bought Jet Airways (NSE) a couple of days ago at different prices
100 shares at 543/sh
200 shares at 549/sh
100 shares at 548/sh
i bought them because of the speculation that Jet Air will be offloading shares to Etihad Airways. When i bought them the price had already hiked at 8%.
And portfolio managers at Moneycontrol.com said the price could shoot up to 700/sh if the deal strikes so hold it.( some even say to 800/sh)

Today in the first hour of trading itself , the price shot to 562. i sold 100 shares. 300 shares i kept and hope it will soar even high but instead it was stable at that price for long and then fell and the closing price was 532 as compared to 545 at which i bought.
Did i do a mistake by not selling them off?

Im a newbie, this is second day of my trading ( i do mock, right now).
I want to learn when is it appropriate to sell off shares.how to analyse it.

You can stop now posting all over the same ................

It is reported

 

[latticesam]

Did it just in a hope to for 'maximum exposure'. because not everybody monitors every every sub-forum
Anyways whats your take Mr. DAN ?

 

[DanPickUp]

Did it just in a hope to for 'maximum exposure'. because not everybody monitors every every sub-forum
Anyways whats your take Mr. DAN ?

But my friend

All the best traders are only posting in there specific sub forums and if every body would post ten times the same post all over the forum, it would be closed.

As you want to have an answer about a specific equity, the sub forum for equities and day trading in it will do the job.

Ok

Now good trading and all the best with your Jet Airways.

DanPickUp

 

[latticesam]

I've posted in equities, no replies yet

And its not about Jet Airways, the real question was when to sell a stock, it was just an example and since I'm doing paper trading not much to worry.

 

[Reggie]

Dear Latticesam,

If you have to ask advise when to buy, or sell, you should not trade in the market. The advise may sound hard, but it is true.

The question I ask you is what system you are following for entry or exit.? What does the system tell you.?

I assume you are new, and quite eager to trade. That is fine.... enthusiasm is good, but to make money in the trading businessyou require a methodology, self-belief, discipline, money management skills among other things.

Suggest take time to go thru the various threads, learn, track the markets, update your knowledge and skill sets. So next time such a query comes up, you will be able to answer.

All the best.

I've posted in equities, no replies yet

And its not about Jet Airways, the real question was when to sell a stock, it was just an example and since I'm doing paper trading not much to worry.