iCharts Discussions

shashangan · Posted: Thu Mar 21, 2013 12:29 pm Post subject:

Like morning at mkt open my entry was in profit & in little time I am seeing it breaking low & my heart was pounding hard when it made the 5681 low
& I know you normally curse yourself for not booking the position when it was giving you exit.

Yes those moments of trading is like you are on the death bed & somebody is dancing jhoola on your last functioning nerve.

Hey das, the stop is real, I put it & have pulled down my screen & trying hard not to watch the mkt & focus on other work.

But yes I dont know if i will change or cancel it later. For now it's there.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 1:19 pm Post subject:

Booked my profit @ 5754.80, Trailing stop triggered.

My expected min target was 5776. I put an order for 5774.40, but missed it.

But Target almost achieved 5772.

Regards,
Gautham Shashangan

skd2012 · Yellow Belt Joined: 03 Oct 2012 Posts: 948

shashangan · Posted: Thu Mar 21, 2013 1:30 pm Post subject:

Yes Das, I also feel it can break low again, But mostly tomorrow. It may recover slightly before close.

Today it should close in green according to me. I can be wrong though. Mkt has been getting me wrong for past few days on many moves.

But I am trying to keep my eyes wide open & focus.

In case it breaks & closes low today then it will again come back to 5776-85 area tomorrow, i think.

Anyway let's see.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 1:53 pm Post subject:

My God, I really got saved from disaster.

Such sudden moves continuously can give nervous break down or Heart attacks if your heart is not strong & especially if you are running continuous losses & caught on wrong side.

I was not watching mkt, But lucky I placed my stop also & went away. By the time I saw it had triggered my stop. So it saved that impulse of cancelling the stop.

Shocked

Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 2:36 pm Post subject:

I have placed an order to Buy NF @ 5679.60 with Stop 5663.80.

It's a risky trade, I am playing it since I made some 50 points profit from yesterday, so taking a risk of 15-20 points.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 3:03 pm Post subject:

Mkt looks very bad & negative. It's dangerous to hold longs.

If there is any recovery, a very small chance from here around 5765 NF. Let's see. Small chance

Gautham Shashangan

skd2012 · Yellow Belt Joined: 03 Oct 2012 Posts: 948

Not sure if it will hold your SL today, but we can see upmove tomorrow...but difficult to tell where NF will open tomorrow. 5600 or 5700. So no carry!! will see after tomorrow's open.

shashangan · Posted: Thu Mar 21, 2013 3:07 pm Post subject:

Yes Das, you are right.

changed my stop to 5759 or close EOD. Just taking a gamble

Gautham Shashangan

shashangan · Posted: Fri Mar 22, 2013 9:17 am Post subject:

Bought NF @ 5655.60 with Stop 5639.80.

HIgh Risk. Mkt looks negative. But I am just going with my gut feeling. Dont trade my calls, I can get you in mess.

I have taken entry because I have a small feeling mkt can again try 5760 region min.

Regards,
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I would suggest a SL of 5634

shashangan · Posted: Fri Mar 22, 2013 9:55 am Post subject:

Thanks Vinay

Changed to 5633.90

Regards,
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

shashangan · Posted: Fri Mar 22, 2013 10:23 am Post subject:

True, looking at the present condition The charts looks terribly negative, but I am just taking a wild gamble being friday, feeling in case mkt makes a move up it can be a easy run for a few bucks to pocket.

I may exit if I get 5730. I have invested a lot in calls, so just taking risk analyzing my portfolio. I take risks based on the money I make in each entry. So my portfolio has the cushion to take a little more risk.

It's all about one hit which will neutralize all the misses or put me in a commanding position.

Let's see. I dont rule out a big bear as well.

Gautham Shashangan