STAR TRADERS💝
Intraday trade Buy kotak bank at 1808 SL 1796 Target 1830-1840
1814
SL shifted to 1802
SL shifted to 1802
STAR TRADERS💝
Devyani still at cost Waiting for fireworks 🎉
Buying more devyani at 167
Target 180-200 next week
Target 180-200 next week
STAR TRADERS💝
Buying 11000 pe at 60 Selling 10800 pe at 13.6 Max loss 3200 rupees per lot Max profit 11000 rupees per lot
900 rupees profit per lot running
Buying kotak bank at 1500-1580 levels
Sentiment is very down for it as of now hence making it a contra buy
ATH at 2200
30% down from it
Target 2200-2400
View for 2 years
Sentiment is very down for it as of now hence making it a contra buy
ATH at 2200
30% down from it
Target 2200-2400
View for 2 years
Surviving Bull and Bear Markets -
by Stan Whine-stein
Trading and profiting is all good, but I’ve come to understand (after a lot of pain) that the main aspect of the market is Survival!
Read any legendary trader and their top rules are all about survival.
1. Stops: Control your losses so you can live to fight another day.
2. Capital Protection: So you survive till the next bull market with enough cash
3. Keep the equity curve up to keep playing the game.
4. Avoiding foul companies: Use fundamental filters, charts, etc to do what? Protect yourself!! To SURVIVE!
But this is all about only one aspect: Trading.
The reality is that there are many more aspects to this survival.
And today I will be covering only one of them: Asset Allocation.
Many traders believe that keeping everything or almost everything in equity is the only way to go. We are traders after all, if we don’t keep everything in equity then who will?
My approach is not about maximizing gains, my approach is all about surviving.
I always remind myself that even a great like Jesse Livermore bankrupted himself twice. (Not to mention that he shot himself in the end)
And in order to survive I need capital for two reasons: To trade and to live.
Here is my simple logic: If my cumulative monthly interest income can help me survive comfortably then it gives me the psychological advantage that helps me avoid Overtrading, FOMO, YOLO, and any other acronym you can think of.
Allocation:
50% capital is in interest bearing instruments
50% in equity
Scenarios:
1. Bull run that doubles my capital: My net-worth increases by 50%. I’m happy.
2. Bear market: Money earns interest. I survive.
The key point:
Interest on 100% of my total capital = Generating 1% on my trading capital.
This simple yet profound approach is what has kept me alive. Because I can live to fight another day if I can generate just 1% per month.
Hope this helps. Happy Surviving!
#Copiedfromtwitter
#Dayendtrader
by Stan Whine-stein
Trading and profiting is all good, but I’ve come to understand (after a lot of pain) that the main aspect of the market is Survival!
Read any legendary trader and their top rules are all about survival.
1. Stops: Control your losses so you can live to fight another day.
2. Capital Protection: So you survive till the next bull market with enough cash
3. Keep the equity curve up to keep playing the game.
4. Avoiding foul companies: Use fundamental filters, charts, etc to do what? Protect yourself!! To SURVIVE!
But this is all about only one aspect: Trading.
The reality is that there are many more aspects to this survival.
And today I will be covering only one of them: Asset Allocation.
Many traders believe that keeping everything or almost everything in equity is the only way to go. We are traders after all, if we don’t keep everything in equity then who will?
My approach is not about maximizing gains, my approach is all about surviving.
I always remind myself that even a great like Jesse Livermore bankrupted himself twice. (Not to mention that he shot himself in the end)
And in order to survive I need capital for two reasons: To trade and to live.
Here is my simple logic: If my cumulative monthly interest income can help me survive comfortably then it gives me the psychological advantage that helps me avoid Overtrading, FOMO, YOLO, and any other acronym you can think of.
Allocation:
50% capital is in interest bearing instruments
50% in equity
Scenarios:
1. Bull run that doubles my capital: My net-worth increases by 50%. I’m happy.
2. Bear market: Money earns interest. I survive.
The key point:
Interest on 100% of my total capital = Generating 1% on my trading capital.
This simple yet profound approach is what has kept me alive. Because I can live to fight another day if I can generate just 1% per month.
Hope this helps. Happy Surviving!
#Copiedfromtwitter
#Dayendtrader