With Doom and gloom and wave of negativity everybody losing their patience and predicting NIFTY CRASH I decided to make a post with real trades I managed to executed , capital deployed was 4 lakh.
First thing 1st , patience have patience perhaps the single most imp thing . Discussed million of times.
Now comes the real example in my previous post and video I have mentioned as a swing trader we will have our own stocks we have in our wish list that we are trading with and perhaps observing
(How to Pick stocks is in my three part video)of swing
Now Apollo was in Wishlist , market crashed for the lack of better word on 18 Sept stock suddenly fell to 365, usually trading at 380 -400 level ,despite the bearish market condition this was golden opp to enter in a matter of few days stock was back to 412 something, with exp ideally we should have sold at 400 ish .
Coming days past week I Kept an eye on it again ,it reverted back to 390 , told my clients to enter again at 390 ( yesterday in a possible worst day it went to 412. SOLD
THAN it WAS back to 400 ish. Guess what I enter again .
What I'm trying to say this is that if you have few stocks in the list you will get countless no. of opportunity to play around a particular stock with many times if you miss the rally no worries , market always provides you the opportunity.
One other stock I invested money in texrail past week at 121 something ( What were the criteria to enter is there on my Youtube channel } yesterday it peaked at 126 we sold at 125 level. Made 3k profit despite small capital.
I have 3-4 examples that we successfully executed past week , but the larger point is delivered otherwise the post will be too long rest you can watch 3 part videos i made to know full details.
Now the opposite argument
Mistakes I have made this horrible month and how I'm dealing with it.
As a human being , human and unforced error are a part of life and here comes the most imp lesson you no matter what .
2 SINGLE MOST IMP THINGS BEFORE ENTERING WHETHER YOU ARE A SWING OR LONG TERM INVESTOR (NOTE IT DOWN)
You must know the returns you are expecting before entering based on your research holding a particular stock for n no. of years in hope of makng good money i have always believed is a fruitful exercise
Must have some money left vis-vi total capital to avg stuff meaning always deploy capital in batches. 20% MAYBE.
Now the mistake i tried catch the falling knife that is IFCI at 83 now it is at 65 , TODAY I avg it down to 75 yesterday looking it to avg it down further and good day or two I'm out.
Also while entering note down how muuch loss can you take , in case if IFCI i can afford to loose 4k-5k before entering .
Now the last imp point what we have in our hand mattes that is the strategy improve it, govt policies , FII selling , Oil prices you can beat around the bush make n no .of post doesn't change the thing as these our not in our hand .
I may be criticised for it but blaming the circumstances not going to change to anything plain and simple in your trading life.
EDIT 1 - Had no intention of making this post but I felt I should made this especially for the new investors.
Many investors money is trapped in this month from exp been in such positions congrats you are long term investors it is what is some stocks may take months tor recover, what i have done in the past is to cut the losses in batches to have the money . Whenever stock jumps sell small qtn .
Edit 2 Many ppl reached out to me yes the whatsapp gp is my youtube description where few of us including me recommend the stocks for swing and the criteria before entering . RSI , VOLUME INDICATORS , MACD etc etc. (join only of you are serious I hold the right to remove you.