Saturday, July 19, 2008

My experience with share market

  1. Assessed first overall situation that was extremely bullish. All bank stocks were being traded with heavily loaded positive bias. Betted on SBIN hoping it to move further. Took bullish position with putting stoploss at day's low point. That was my final stoploss. Generally, I bring stoploss point closer looking at the market situation. Today, I reached my profit point set at 20 points higher than my entry point. But, in this case I failed to grab profit opportunity of another 20 points at least. Entry point: 1248, Stoploss: 1229, Profit point: 1270. Stock finally climbed to 1309.
  2. RCOM was another stock traded today. Betted on Call Option at strike price of 420. There was profit opportunity, but could not maximise it due to fear of loss that should be taken care of in future before taking position. Entry point: 17, Stoploss: 14, Profit point: 34. But, squared off at 22 observing some weakness of the stock during mid hours of the trading session. Call option reached 35 at the final hours of the session.