Hi Jay Saab and all other blog mates,
Starting a new thread here with due permission from Jay Saab. I hope I would be able to clear the things nd could answer the queries Ganpat Bhau raised.
I have been posting SBI trades here for few days now. But i know there have been mistakes time and again. Reason is its really tough to do all the things simultaneously.
As even today i failed to give all the 3-4 targets of SBI on both sides. somehow missed it in haste.
If you remember earlier i talked about locking the initial profits and if the trade goes in your favour, eye for the next target moving the SL to earlier target.
As happened today....First SBI longs got initiated, SL got hit and then the trade was to be reversed....and SBI kept hitting the targets on lower side.
Ganpat Bhau quoted NO LOSS NO GAINS.....yes it was ...coz i didnt give further targets on downside.Otherwise it would have been gains even after deducting the losses and brokerage. Giving the call again this time with all d targets on both sides....check it plzz and do the calculations again.
i m sorry for my mistake....would try to be more prompt nd accurate.
SBI Futures Call on 11th July
Buy at / above: 2462.64 Targets: 2473.82 - 2486.27 - 2498.75 - 2511.25
Stoploss : 2450.25
Sell at / below: 2450.25 Targets: 2439.1 - 2426.77 - 2414.47 - 2402.2
Stoploss : 2462.64
Stoploss : 2450.25
Sell at / below: 2450.25 Targets: 2439.1 - 2426.77 - 2414.47 - 2402.2
Stoploss : 2462.64
Longs initiated @ 2462.64...SL got Hit @ 2450.25
trade Reversed into Short Side @ 2450.25.....Target 1 Hit @ 2439.1, Target 2 Hit @ 2426.77
I guess d low of the day was 2422
Calculations...loss of 12.39 points = 1548.75 INR
Gains of 23.48 points from 2450,25 to 2426.77 even if u forget the low of 2422
that gives...23.48 - 12.39 = 11.09 x 125 = 1386 INR
Not Bad I hope
Though I m still in learning process and hope to improve further.
Waiting for feed backs and any queries are welcome any time.
Regards
Neelima
