Stocks To Keep A Close Eye On

[Goofy]

Goofy bro,

I can understand your frustration. There is not much real conversation. Mostly its about stock tips. Learning has become secondary...

Let us revitalize this thread and start talking and discussing trading strategies, study how major heavyweights move and how their movement influence other stocks, talk about movies, or anything interesting.

Cheers!

My dear, Chun-mun Bro

Don't mind me saying: you are the worst culprit - although unintentionally.

And learning hasn't become secondary; it is gone, dead on this thread.

Revitalizing the thread? I am a trader, and have learn by losing hell of money that you do not back a sinking scrip with more money. Get out, and move on to another trade. That's what trading is all about.

If I were Mr. SG, I would start a New Forum first instead of a Co-Op. On which membership would be paid for, and by invitation only by the Mod.

 

[gauharjk]

Gauhar,

Get it into your head.... I don't want 'Thanks' button discussed here...

If you want, take it up with Traderji through PM.

SavantGarde

Sorry SG sir.

I wanted to ask you how you view RRR rate hike in China yesterday impacting Indian commodity stocks on Monday? Mainly Steel and Sugar stocks. Yesterday, RBI again said that inflation was still not under control. There are chances that interest rates might be increased further, leading to more liquidity tightening.

Bounceback on Friday was very strong. In the afternoon, I thought we might go back down when I saw SBI plummeting below 2700 levels. It was a pleasant surprise to me when I came back to the screen after lunch to see stable market.

Still, I could never have guessed a closing above 5850.

I don't know how markets would open on Monday. We are more likely to follow Hangseng.

What is your opinion SG sir? A positive opening and closing above 5900 on Monday? Or do you see us back to 5800 support levels?

Cheers!

 

[gauharjk]

My dear, Chun-mun Bro

Don't mind me saying: you are the worst culprit - although unintentionally.

And learning hasn't become secondary; it is gone, dead on this thread.

Revitalizing the thread? I am a trader, and have learn by losing hell of money that you do not back a sinking scrip with more money. Get out, and move on to another trade. That's what trading is all about.

If I were Mr. SG, I would start a New Forum first instead of a Co-Op. On which membership would be paid for, and by invitation only by the Mod.

I guess I should stop posting news stories and youtube videos and useless comments. They are just cluttering this thread.

I will try to keep my posts on this thread as professional and to the point as possible. No more Graffiti

Cheers!

 

[amit_15]

My dear, Chun-mun Bro

Don't mind me saying: you are the worst culprit - although unintentionally.

And learning hasn't become secondary; it is gone, dead on this thread.

Revitalizing the thread? I am a trader, and have learn by losing hell of money that you do not back a sinking scrip with more money. Get out, and move on to another trade. That's what trading is all about.

If I were Mr. SG, I would start a New Forum first instead of a Co-Op. On which membership would be paid for, and by invitation only by the Mod.

Friend, first of all let me apologize for interrupting your discussion between you and SG since you are both senior members and I have no place to argue. But, I feel that I must make this comment for the benefit of hundreds that view this thread. Many people are poor having little money or don't have credit cards to pay for membership like me. I know many people that have been cheated by others and they would be very hesitant to pay. A paid membership forum would block many people mostly those who are unfortunate in some way or the other. Also, paid forum would be difficult to find on Google for newcomers unlike Traderji. So, I would kindly request to consider this before making any hasty decision.

Thank you.

Amit.

 

[enygma]

Options ..

Amit,

A few things to know about options

- The fact that the risk is "less" would make you hang on to options more than you would be if you were trading in EQ or futures. And finally the options may expire nearly worthless. Keep a stop loss on premium value - something like 30% loss.

- Options are great in a trending market but once you hit a range bound market, it is better to dump them. Even in a trending market, falls are always faster than the rises by the very nature of the markets. Most novice options traders ignore Puts.

- OTM options in stocks are risky. ATM options are better off even if they are pricey. With the lot sizes that we have, you would need just a 1% move in your favour and most stocks move more than that in a day. OTM options in Nifty make sense at the start of a swing.

- "Local Smart Money" writes lots of calls in their favorites (Chambal, IFCI, ISPAT, Renuka etc) during the third week of expiry when the stock prices are very closes to the respective strike prices (like 60 or 65 for IFCI). This pulls a lot of suckers who see the stock prices gradually drift down during the last week of expiry. Beware of such regular patterns.

- One can always look at highly traded options in heavyweights like Reliance, SBI, ICICI, Tata Steel. These give chances for pair trades - for e.g. having Reliance calls and SBI puts might have been helpful early part of this week. The less traded options are better left alone.

Having said all that, options are great weapons. Watch, practice and learn more. Our resident expert - SM-Bhai - maybe able to give you more insights.

E.

 

[mech71]

Dear Friends ,

Let us all respect this thread and post only relevant messages required on this thread. There are other threads for the so called "gupshup". It is only for our benefit.

 

[SavantGarde]

Unecessary misunderstanding.... Nahin Baba 'Ladki Neeche Khadi Hai'....woh nahin...hence deleting......

SavantGarde

 

[swati23]

Hi Mr. Goofy,

As for your comment about learning going dead in this thread, SG has stated that he is going to write a detailed explanation about his price action trading. He himself stated that it is difficult for him to explain in pieces. There is a saying called "Half knowledge is dangerous"......from what I have been seeing he has been very busy this week and as a result he can't give out detailed answers. People will only want to learn from a trusted person. I can go blah blah blah over price action trading after watching the movements for 2 days and not many will actually believe me.

Just because anything fruitful is not being discussed in this topic doesn't mean people are not learning. From what I have been noticing, people like rrmhatre72, alroyraj have been watching and commenting on price action trading. Not asking questions to others doesnt necessarily mean a person is not learning. You can have a question in your mind and find the solution yourself and you still learn something.

Paid Membership:
Sorry but I'm totally against it. I read a great comment by Saint in his "Teach a man to fish topic". It was something like "We are here to make money from the market and not by giving interviews and paid tips". The information in this forum is priceless and it is available freely to anyone who wants to learn. Even if SG tomorrow decides to leave, the information he leaves behind will certainly help many. However, in case of a paid membership the information will be accessible only to a select few.

My dear, Chun-mun Bro

Don't mind me saying: you are the worst culprit - although unintentionally.

And learning hasn't become secondary; it is gone, dead on this thread.

Revitalizing the thread? I am a trader, and have learn by losing hell of money that you do not back a sinking scrip with more money. Get out, and move on to another trade. That's what trading is all about.

If I were Mr. SG, I would start a New Forum first instead of a Co-Op. On which membership would be paid for, and by invitation only by the Mod.

 

[Premothi]

SG Sir,

Any views on Karuturi for long term investment? (3-5 years)

All this news about Sivasankaran buying into it, land bank etc.... please let me know if it is worth investing Rs.10000.....

 

[naveendugar]

Savantji

As promised, I have sent you my current portfolio on your mail id (i hope the old one is still active).

Whenever you find some time do go through it, if possible and share your thoughts on it and the way forward.

Regards

Navin.