Dear Friends,
I am a very newbie in trading and recently started trading and here is my diary. Till now I have not yet learnt how to read a chart properly and calculate the technical analysis of charts or even a detailed fundamental analysis and go by the market movers, and my study + the comments / suggestions of analysts, and dont just blindly follow any recommendation,, I don’t have any charts to display, and would just mention a brief of my transactions done till date and whether it was profitable or not, so that any newbie can understand.
Broker: ICICIDirect
After opening account till date I have done cash buy (delivery), intraday and futures.
Cash Buy (Delivery)
I opened the account based on the advice of my sister and she recommended me DLF to purchase and hold:
Purchased DLF – 250 nos @ 141.85 on 10/09/2013
Then based on my own research I purchased the following stocks:
Hotel Leela – 996 Nos @15.5 on 08/10/2013
SINTEX – 1000 Nos @ 33 on 22/10/2013
SAIL – 150 Nos @ 59 on 21/10/2013
Here are the details of my first intra day trade :
23/10/2013
Margin Buy BIOCON 1000 units @ 337.14 and sold @ 338 actually Biocon reached to more than 338 levels in morning itself, but I was greedy about the money, and stock fell in the mid trading times,, hence was watching the stock and ended up selling when it started slightly rising and reached 338 during 15:00 Hrs. Ended up booking 800rs profit instead of 1600 if I would have sold in morning itself.
Intraday
24/10/13
Bought 1000 units of BHEL in margin @ 144.4 hoping for increase but the prices decreased and ended up converting to client mode for settlement within 5 days and ended up paying the brokerage charges for cash delivery.
Hoped that on 25/10/13 I would square off at same price or with minimum loss, found that system auto had squared off 253 nos @ 137.65 so I had to do something regarding the balance quantity since I had already paid cash brokerage best I thought is why not hold the stock for long time converted to delivery 300 nos and squared off the balance 447 @ Rs.137. Total loss around 5.5K..
Wanted to compensate the intraday loss in BHEL hence tried my hand in futures and my first intraday in futures:
25/10/2013
Market was down, hence sold DLF futures 31-Oct-13 1 lot @ 156.1 and bought the same @ 154.6 , further observed the market and found it further down, hence bought 2 lots of DLF again @ 152.9 and sold @ 151.6 , total profit 4.1K profit after brokerage 3.7K
Now have to further compensate around 2 K in loss after which only I can start making profits, its good learning for me.
Thanks for reading my diary.
I am a very newbie in trading and recently started trading and here is my diary. Till now I have not yet learnt how to read a chart properly and calculate the technical analysis of charts or even a detailed fundamental analysis and go by the market movers, and my study + the comments / suggestions of analysts, and dont just blindly follow any recommendation,, I don’t have any charts to display, and would just mention a brief of my transactions done till date and whether it was profitable or not, so that any newbie can understand.
Broker: ICICIDirect
After opening account till date I have done cash buy (delivery), intraday and futures.
Cash Buy (Delivery)
I opened the account based on the advice of my sister and she recommended me DLF to purchase and hold:
Purchased DLF – 250 nos @ 141.85 on 10/09/2013
Then based on my own research I purchased the following stocks:
Hotel Leela – 996 Nos @15.5 on 08/10/2013
SINTEX – 1000 Nos @ 33 on 22/10/2013
SAIL – 150 Nos @ 59 on 21/10/2013
Here are the details of my first intra day trade :
23/10/2013
Margin Buy BIOCON 1000 units @ 337.14 and sold @ 338 actually Biocon reached to more than 338 levels in morning itself, but I was greedy about the money, and stock fell in the mid trading times,, hence was watching the stock and ended up selling when it started slightly rising and reached 338 during 15:00 Hrs. Ended up booking 800rs profit instead of 1600 if I would have sold in morning itself.
Intraday
24/10/13
Bought 1000 units of BHEL in margin @ 144.4 hoping for increase but the prices decreased and ended up converting to client mode for settlement within 5 days and ended up paying the brokerage charges for cash delivery.
Hoped that on 25/10/13 I would square off at same price or with minimum loss, found that system auto had squared off 253 nos @ 137.65 so I had to do something regarding the balance quantity since I had already paid cash brokerage best I thought is why not hold the stock for long time converted to delivery 300 nos and squared off the balance 447 @ Rs.137. Total loss around 5.5K..
Wanted to compensate the intraday loss in BHEL hence tried my hand in futures and my first intraday in futures:
25/10/2013
Market was down, hence sold DLF futures 31-Oct-13 1 lot @ 156.1 and bought the same @ 154.6 , further observed the market and found it further down, hence bought 2 lots of DLF again @ 152.9 and sold @ 151.6 , total profit 4.1K profit after brokerage 3.7K
Now have to further compensate around 2 K in loss after which only I can start making profits, its good learning for me.
Thanks for reading my diary.