What a Crash : DAILY TRADERS POUNCE

wauve what a crash...

two days ago i have sold all my stocks...only 20% of the amount is leftout...plain lucky.

As a daily trader I prefer taking out all at times as I cannot continue with huge losses and wait for them to comeup after a long gap. October has been so frustrating to me becuase market has been doing good...but Im in losses.

So thats the time we have to do something different...GETOUTOF all those stupid stocks immediately (no sentiments on stocks) and make your new LIST...It gives you a chance to re-enter with all your money, though you book some loss at that point of selling.

Thats what I have done 2 days ago. I WAS NOT GUESSING ANY CRASH of this sort. NOT AT ALL.

Accepting that minor loss is NOT an easy thing for 90% of the investors...thats the key:):):) esp. for daily traders. I did this n number times and I go full swing nexttime ...by not giving enough days gap. Let me give an example.

for say...you have 2 lakhs invested and you are getting around 20 thousand loss and you feel like that it is going to more...get out of it right away...and choose a better stock which is showing some momentum at that point of time...rather than waiting for that 20 thousand rupees to coverup in an year. Im saying like this so easily...but who would book 20 thousand loss...90% of salaried guys wont... But I do. I have learnt through years. Waiting is so boring in stock market.

GUYS keep collecting in small quantities now...every stock is cheap now. Shhhhh...pick ALOK, ROLTA & YES BANK atleast :):)

Selected Stocks Progress

On June 26th I have selected the following stocks (exposed them to public in this blog)...checkitout. Lets have a look at the progress.

June 26th --- October 25th

YESBANK 194.95 --- 256.85
BIOCON 226.00 --- 274.30
SATYAM COMPUTERS 72.75 --- 110.70
JAIPRAKASH ASSOCIATES 220.70 --- 237.70
ANDHRA BANK 83.30 --- 119.10
IDBIBANK 115.45 --- 128.00
RELIANCE NATURALS 91.10 --- 84.35
ALOK INDUSTRIES 22.20 --- 21.25
NTPC 194.95 --- 214.85

Though, I dont like holding on to a stock more than weeks, but still I would prefer a good stock even for intraday, the reason being is ...if you select a stock which has not got any good track record then the chances of surviving from a bad phase of that stock would be nullified.

For say, you have selected a stock for intraday, for suppose, and it went down drastically...in that case if it is a good stock then you can sit back and relax. If it is a not so good stock, then you are doomed. Because, you never know when it would rise again. For say JaiprakashAssociates touched 270 two days ago, now it is 237...which is absolutely fine. Thats the way the confidence on the stock should be. Alok never crossed 25, but still it is a good stock. It gave me so many opportunities in these three months, I used to buy 3000 stocks of alok, so 2rs profit is too much for me.

Offlate Im betting on ROLTA. I have rotated money around 4 times on ROLTA, sometimes for rs 10 and at times for rs 15 or so. Amazing growth, it started around 40rs in march, now its around 200. Huh....1 lakh in march is equal to 5 lakhs in oct...even after hearing this... you are still so calm and cool...getup and screammmm. If not, then stock market is not for you. You dont have that current in you. The zeaL FOR MONEY.:):):)

stocks LifeLine

anybody who has been witnessing the stocks graph since last 2 weeks...would recollect & also experience the lifeline graph of a heartattack patient...

everybody wants money overnight, hence the volatility of the market...and hence most of the predictions are going for a toss...

but as usual the old trick is doing good...the fundamental stocks, with good business roadmap, foresight and an agressive management...whoever it is...they are sustaining...

for say : andhra bank, yes bank, rolta india & zindal steel...many more.

Shorterm Investors : Best time to book profits and Exit

I repeat, our INDIAN companies have not done THAT Great...there is no reason for the sensex to touch 14600+, but it did. Be clever, book profit and wait for the big FALL, sooner or later. Stay invested only if you are a longterm investor and you have got the stocks at a very low price. First it was stable government, then the budgest expectation and now overflowing with joy by looking at the sparks in some of the us-companies.

JP'S z RUTHLESS on 'the budget 2009'

Talking to the media, Lok Satta Party President Dr. Jayaprakash Narayan said that Union Finance Minister Pranab Mukherjee had formulated the budget with an eye on the elections in a few States in the next few months. He talks in numbers...more here...
http://jayaprakashnarayan.blogspot.com/

more correction ahead

sensex up around 85% since the new government formed, but how long it will continue the expectation without any great support, companies are not doing so very extraordinary to match 85% sensex growth. So more correction ahead, those who have enough money in store can start investing in smaller quantities from now.

still...banking is the best

Yes, atleast for the next 2 to 3 years, it is a stable government...and there is nothing like it....and people in INDIA save a lot :-):):) as if they are going to live forever and ever...he he :):):)

hence....banking would be the best bet, though there are no big surprises for the market in today's budget...banking would always be on the cards...I must confess that even my banking prediction went crashing today...:):):) People are ready outthere to suitcases ...waiting for this cRash....they will bring them up tomorrow....dont worry guys.

thought of booking profit...but human mentality...greedy

ya exactly....around 11 am in the morning DLF was on FIRE....357...almost all the infrastructure stocks...i thought of booking some profit...but greedy...i was like...."you never know...it might cross 400....he he"
but no big deal...as always....you never know....
doing things in a hurry is never good ...good stock is always a good stock. Just a matter of time. Your wait and doing NOTHING is so important at times. All you need is money to get more money. Such an easy formula.

Up for the GRABS

whatelse u need, guys who have been expecting the disaster...cHILL...its your time...start investing...
someone who listing out the stocks to buy today would be a fool...because everything is down, except ITC...
you can pick any damn share...
but with a little caution (10% may be)....because there is more correction ahead...dont know when...if somebody knows that ...then he is the millionaire.

BUDGET SHOCK

people over reacted a bit, but at the sametime budget is not at all entertaining, looks like Pranabji has not got enough time to make it more detail (most of the things are like HEADLINES), anyways he held the record of pulling it down with both the hands...Well...whatever, there is nothing to panic, if you dont have any more money dont do too many things with your existing investments...things will stabilize...but yes more correction ahead....dont you think so ? what has the companies done so drastic that the share market has gone up 85% up since the new government formed ? So now all crackers gone, nothing left. Time to stabilize. Once again buy satyam whenever it touches 80...its easy money there. NJOY. This time around UDAYAN MUKHERJEE's predictions are nearly right. He has gained some experience...haha.

I LIKED WHAT DR. Narayana Murthy of INFOSYS commented on the would be BUDGET. Around 15 days before the budget...Cool...goodread...
http://news.in.msn.com/business/article.aspx?cp-documentid=3054883

Interesting shares for the budget day

textile industry, sugar, automobile.
export related decisions by the government would affect all the export oriented companies including software. So keep your fingers crossed.

Budget Day Best Bets

Banking Shares are my best BET for the budget day. SBI, IDBIBANK, ANDHRA BANK, YES BANK, INDUSBANK, AXIS BANK.
Next comes the construction shares.

Budget day Mantra

if you can see a gain of 20% on your capital, just sell them to book short-term profit, no issues if you are a long-term investor.
Market is bound to correct for sure.

my trading philosophy : indian share market

1) buy only fundamentally strong shares
2) track the political situation of the country w.r.t your stock
3) check the company news
4) check the company results for the last two quarters atleast
5) check the fluctation level
6) check the high and lows of the share for the last two years and also the months of high and low and why
7) dont be greedy, know when to exit if you are a short-term trader
8) if you are a short-term trader and in losses, best thing is to forget the share for sometime and re-enter, rather than selling the share in loss and re-investing in some other.
9) if the market is not doing well, dont do anything just keep your current shares as it is
10) follow the company's roadmap
11) follow the stability of the company against the sensex and nifty, some shares perform irrespective of the sensex, it grows or falls depending on its own merit, one needs to watchout for this kind of shares carefully.
12) short-term traders needs to exit early, means, if you think that the share can grow up to 100, exit at 80 rupees itself, dont wait till the last moment. You never know.
13) I personally feel, if the loss is not that great (for say...10%) and if you are dare enough to exit and reinvest in something good. Then you are the best. Rather than waiting for the loss to happen even more...for say till 30% and then waiting for it to come up in a year or so. What do you say ?

My Share Picks for today

I have read loads and loads of stuff about the following shares, analyzed a lot about them, to me, for now, these are the best and safe bets. Also please have a look at the disclaimer down below the article. Thanks.
NTPC
Trademark indian govt power share, one can buy around 190.
YESBANK
very strong fundamentals, good management model, good quarterly results and on the uptrend, very positive outllook as far the current govt foresight is concerned (hopefully ok), different and dynamic from traditional banking,one can buy around 125.
SATYAM COMPUTERS
Tech mahindra bought satyam cheaply, dead cheap i would say, one can buy around 65 for now
JAIPRAKASH ASSOCIATES
NO.2 after dlf, stable when you compare it with DLF (not that fluctuating), not so costly, not just into construction but diversified into many businesses - one can buy around 190 levels.
ANDHRA BANK
not many aware of its revenues, its all set to explode all over india - one can buy now, right now.
IDBIBANK
well established infront of the competitors like icici, got name as a faithful bank, strong homeloan sector accounts, doing well offlate, one can buy around 100.
RELIANCE NATURALS
Won the recent court hearing, once people minted money with this script, its available at a decent price now, can pick up this script around 80.
disclaimer : Im holding all the above, but you guys please dont rely on me, its ur money, you are the best judge on that, so you decide. Its my blog and just my opinions.
ALOK INDUSTRIES
a textile stock, i love it because it is around 20 rupees, but thats not all, its a strong company, this rules the textile industry in many areas of INDIA, and it is currently at very low levels. The textile industry has been going through a rough patch since more than 2 years, and hence the low price...and there are lot of promises ahead from the new MP Mr. Maran, he is in the news everyday. Alok industries is in good profits if you look at the past quarterly results and aggressive in its expansion plans through out India. I think its a very safe Bet, allows us to buy volumes.
BIOCON
is a gold mine for me, pick it up with both of your hands whenever the market is down, if you are a long term investor then you have struck gold i would say. Biocon's latest release of the cheapest diabetes drug would be a trendsetter for the company in the coming months (or years). Biocon has been waiting for this kind of success since ages, whatever, its always been a strong Indian biotechnological company.