Hi
I have been receiving comments under various posts but from now on I would request every one to put the comments under this post "Trader's Talk - We create noise here !!!"....all discussions will be under this one post and I will create a new one here every day.
Please also note it will be impossible for me to give levels every day for every stock....that is not the reason why the blog was created....it is for educational purpose and to make you an independent and responsible trader Share your ideas and strategies here every one is welcomed to participate
Learn,Share,Help and Benefit from each other's experience
Hi ramesh
ReplyDeleteNFCL?....Nagarjuna Fertilizer & Chemicals Ltd right?its Swing is down
SAR is at 37...and i dont know about budget...i am just good at short term calls....whole market can change in one month....but its good to know your strategy....fertilizers go up in pre budget rally expectation(and expectation are never met!!)
Good luck
Yes it is Nagarjuna Fertilizer & Chemicals Ltd.. Its my past experience in 2008, 2009, now also i am holding 1000 qty@32..and last week mostly traded in NFCL futures in long side and this week because of market down turn NFCL also started sliding from 39 level..
ReplyDeleteThanks for your update.. Will take long if started upward direction..
Thanks,
Ramesh.
@ramsfm
ReplyDeleteI have post one comment in this post for you
http://financeandtradingmadeeasy.blogspot.com/2010/01/market-calls-for-22-january-2010.html#comments
If you post a reply to that comment do it here
Cheers
hi anuj,
ReplyDeletei m not able to view d video clip ..
plz guide
regards
Anuj,
ReplyDeleteGood question.. if market direction was up and idea not performing then probably my SL got trigger.. I wo'nt trade without SL in F&O.. This is costly lession learned in 2008 feb..
Normally i used to take position in F&O and then i may go for 1 lot of option CA/PA to hedge my position and then keep SL on my future position.. if SL trigger then may option is in small profit and will book profit and come out with minim loss on overall position..
thursday i missed to buy IDEA 57.50PA due to some connection issues at end.. I took same 57.5PA@1.10 on friday morning and then closed my idea futures with 2.75/- profit and then booked loss on idea 57.5PA@0.85 with loss of 0.25 paisa...
Thanks,
Ramesh.
hi manu
ReplyDeletethe link is working for me
cnbc videos often face problem
try again it should work
regards
Hi Ramesh
ReplyDeletegood that you keep stop loss....
I don't understand this hedging business..if we are not sure what will happen its best to exit....hedging involves cost ...may be for portfolio its good ...people who don't want to sell the portfolio in small market correction.
i don't think you hedged the complete value of idea future? because in perfect hedging full value gets locked,by taking opposite position to avoid event risk...and in the end there should be no profit no loss....if in your case futures were down you would be making a loss...i think this is just partial hedging.. am i right ?
cheers
hi anuj bhai...
ReplyDeletehow r u ??i hav found all the books recommended by you.started reading study guide(come in to my trading room).
thanks a lot for the moral support.
kind regards....
vicky....
Hi vicky...
ReplyDeleteI am great and hope you are doing good too
ok great ...
Enjoy your reading
Yes Anuj..
ReplyDeleteIt is partial hedging to my F&O position..it will reduce my loss if in case my SL tirgger on my future position and at the same time profits % also reduce with my trading style..
Thanks,
Ramesh.
Dear Anuj,
ReplyDeleteCan teach me how to calculate SAR? is is PIVOT point?
Thanks,
Ramesh.
Hi ramsfm
ReplyDeleteanswered your question in this post
http://financeandtradingmadeeasy.blogspot.com/2010/01/how-do-i-calculate-sar.html
Cheers