Successful Day - All Targets Achieved
Hi folks,
It’s been quite a smooth sailing day today. Results for the day are as follows :
Balaji Tele reached target 1.
GEODINFO sys reached target 1, infact almost reached target 2.
Nitin fire reached target 1 and target 2.
Overall has been a great day.
All success to all folks who have been regularly following and supporting us.
If there are any changes that you would want to see on our site, let us know, so that we can go ahead and make those changes.
- Free NSE BSE Trading Tips team.
June 21st, 2007 at 6:24 am
sir,
u said yr all target achieved for today, i.e. for 20.06.07, but can u guide me what can be done if both s/l trigerred. same has happed in BALAJITELE AND GEODINFO.
i wanted to know how v can go ahead with yr tips and at what time, altough yr tips is very good, but when both s/L trigerred,then in which way we should deal, means whether v make short positions or plus positions,
waiting for yr reply so that v can use yr tips in the sameway, so that v can earn good returns.
regards, varun tyagi, delhi
June 21st, 2007 at 8:07 pm
Hi Varun,
Well Varun am not clear with ur question . The scripts I give in my site are the scripts which I keep in mind for next days trading (I`ll be doing enough amount of Home work before selecting these scripts).
After few years of experience in stock market, I learn t a strategy for day trading.
I`ll explain you step by step
First select 3-4 scripts.
Secondly Divide the amount equally on each script and invest. By This way we can average out our profits and loss.(say 1L divided into 25k each)
Thirdly follow strict stop loss . Trading with out stop loss is like driving a vehicle without a break. Always remember “you take care of losses and profit will take care of you “
Now let me explain how you can invest using the tips from my port. Let me take today’s example.
CANARA BANK
Strategy – for Buy and Sell
Buy Above 277 for Target1 282 Target2 285 Stoploss 275
1) Buy the script if it is going above 277 and place an order to sell 50% of the shares you bought at Target1 and remaining 50% at Target2.
2) If Target1 is not reached before 3.15 sell it at what ever profit you have gained. And if the price is going down Buy price then use the give stop loss.
3) If Target2 is not reached and the price is going below Target1 sell all your shares.
Sell Below 272 for Target1 268 Target2 265 Stoloss 274
Strategy – for Short Sell
1) Short sell Below 272 and place an Buy Back order for 50% of the shares you sold at Target1 and remaining 50% at Target2.
2) If Target1 is not reached before 3.15 Buy Back at what ever profit you has gained. And if the price is going above sold price then use the give stop loss.
3) If Target2 is not reached and the price is going above Target1 Buy back all your shares.
Follow same strategy for all other scripts you have selected and finally the average of profit and loss should always should be profit. By this way you can make bulk amount of money.
Todays chart of Canara Bank
Open 274
High 277
Low 259
Now, I have given that buy the script above 277 but it did not go above 277 so I will not buy any shares. After some time the price went below 272, I will short sell and place an order to buy back 50% of the shares I sold for Target1 and next 50% for Target2. If the script did not reach target2 or if it seems like coming down the Target1 I’ll sell all the shares.
Note :-
Day Trading is for only those people who sit in front of the terminal and trade all the day.
Hope this information gives you more idea
Regard,
Admin
June 22nd, 2007 at 5:55 am
Dear admin,
The explanation sounds convincing, but what bothers me is, the fact that I have to sit in front of the computer all day long.
Is there an alternative for this?
If there is, can you tell me how to implement it so that I can reap enough benefits from your suggestions.
Regards,
Gautam