Using this thread again to store these posts.. Hope the thread owner doesn't mind.
The green line is the initial trade, the white lines are the adds and the red line is the exit.
As expected, Reliance fired on all cylinders today. Made more than 20000 in intraday trades in cash shares by starting with 100 shares and adding in multiples of 100. The Isl risk was about Rs.700. Thus i have made my 1240 CE absolutely free and more. The above message was given on 29th of march. Before that also i had told the same to PT ji when the news about sebi order came out.
As per my reading, Reliance is again ready to go up.(My reasoning is that there was a significant addition in OBV today and it closed much above PDC) This happened first time after making the recent high of 1320. SO now till we breach today's low on closing basis, it is a fit candidate for buying the dips.
The green line is the initial trade, the white lines are the adds and the red line is the exit.
I made 8000 this same way yesterday to part finance my 1240 ce.
I had read somewhere that idle people discuss other people, Good people discuss events (news etc.) but great people discuss ideas.
If you stick to trading the same instuments based on your rules, you end up with these kind of results quite often. I only stick to BN and Yes Bank and Now Reliance in Equty. And Crude and Nickel and Sometimes NG in commodity. There are dull days, but then there are great days too. So i take all good signals in all of these instruments when i am trading. An excellent day in Nickel or crude can at times give a profit of more than 50000 with adds.
One last parting thought for the day. I am not blowing my own trumpet by sharing the Reliance intraday trade, though it was very very satisfying for me. I just wanted to highlight the risk reward 700:21000(almost) just to underline the fact that even with small amount you can make good amount of money if you manage risk judiciously. More over i have ploughed back these profits back into the underlying to make it (maybe) free for life by rolling over my positions in Reliance till there is strength in it. So no urgency to sell as it is now free for me. This method i had discussed earlier also in this thread. So sticking to one instument in intraday to endeavour to make profits consistently. Then buying an in the money call (from the profits) and then to reap a lifetime of benefits. Sounds like a fairy tale. Well beleive me it is possible. Just beleive in yourself and your system. Good Night.