My Positional trading diary

[indianbank]

My 26 th stock
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Invested in Chennai Petro@ 136 rs

 

[indianbank]

Good evening friends....

Today was a bad day for my bulls...
Out of 26 stocks... Only 3 were in Green and 23 were in Red...

Portfolio is up by 1350 rs....

 

[indianbank]

Today SGX nifty is showing bearish trend....

I thought of investing in 10 more stocks..... i will wait for more dips...

Let the market stabilize ... let it form a base for new bull run....

 

[indianbank]

Hi friends......

Today was a bad day for my bulls ......

till now i have invested 42k .....( 1.08 lakhs capital is pending for investments)

My dark horse Mangalam drug is falling for last two days... this is part of this business... so no issues

My aim is not small profits.... i want total profit of 45k from my Overdraft limit 1.5 lakh capital..
( already i am getting 10% on my 1.5 lakh FD)...

 

[jagankris]

Hi friends......


My dark horse Mangalam drug is falling for last two days... this is part of this business... so no issues

Dear IndianBank,

Just my observations.
Managalam Drugs appears to be typical operator counter.
0% holdings by FII's,Mutual funds.
100% shares held by promoters are in pledge. (42% of total equity).
So be cautious.

 

[indianbank]

friend Jagankris ur correct....

i am glad to know that mangalam drugs is a operator kinda stock....
i like to see how much damage an operator can make to my portfolio... so that i can improve my trading system ...

Mangalam is still a winner in my riding...
and i have faith in my 26 stocks...
if mangalam is going down then another will take the ride..
Mine is a team work of all my stocks....

 

[jagankris]

Dear IndianBank,

Just my views
--------------
Few of my observations

Do you you pick stocks for your portfolio after checking Technicals/Fundamentals ?

Say for example
just 2.5 months back - 24th March the stock - chennai petro was available at 62.40 and now it has hit 52 week high at 142 and came down and you entry price @ 136 rs.

Better to buy lows/Buy pull backs/wait for opportunities for investments.
If aggressive short term trader then price levels/breakouts/buying strength or run up stocks doesn't matter.

Wish you all the best.

 

[jagankris]

------------------

 

[indianbank]

Dear IndianBank,

Just my views
--------------
Few of my observations

Do you you pick stocks for your portfolio after checking Technicals/Fundamentals ?

Say for example
just 2.5 months back - 24th March the stock - chennai petro was available at 62.40 and now it has hit 52 week high at 142 and came down and you entry price @ 136 rs.

Better to buy lows/Buy pull backs/wait for opportunities for investments.
If aggressive short term trader then price levels/breakouts/buying strength or run up stocks doesn't matter.

Wish you all the best.

Jagankris again ur correct...
see person to person trading style differs...

for u chennai petro is best @ 62 rs... for me its 136 rs... we should not affraid seeing big price...
what i was thinking when i purchase chennai petro was it has energy to reach 500 level in next 1 year... it may or may not.... but i dont want to miss it....

My rule is opposite to others....
my golden rule is Buy @ high and Sell @ Lows

 

[indianbank]

Hi friends...

Another bull stock: Responsive industries....

Now its 180 rs....
i wish it to continue this trend and reach more more highs ... all the best...

Essar oil also a supper bull.....