How are our identified stocks doing so far!!!
The idea of this section is not to "pick stocks" but rather educate on how to pick right Stocks with appropriate risk management, so that we can benefit from gains as well as cut short our losses.
Lets look at one candidate in particular...
The idea of this section is not to "pick stocks" but rather educate on how to pick right Stocks with appropriate risk management, so that we can benefit from gains as well as cut short our losses.
Lets look at one candidate in particular...
Some notable gains in our selected list: (all positions listed below are at present open positions)
Shilpi Cable Technologies Ltd chart is listed below -
Remember, the key is to identify such setup along with below information before taking the trade:
- Compuage Infocom Ltd - A gain of more than 95%, almost double in nine months
- Bharti Infratel Ltd - A gain of more than 25% in six months
- Indsil Hydro Power and Manganese Ltd - A gain of more than 20% in two months
- J K Cement Ltd - A gain of more than 20% in a month
- Gammon India Limited - A gain of more than 10% in just a week
- Shilpi Cable Technologies Ltd. - A gain of more than 90%, almost double in two months which is displayed below
Shilpi Cable Technologies Ltd chart is listed below -
- Chart on left is when we recommended to take the position with a target price and stop price - Understand the logic behind why is this low risk entry as well as price forecast
- Chart on the right is current chart - Displays how it all worked out and how price projections helped us
Remember, the key is to identify such setup along with below information before taking the trade:
- Target price based on your price forecast - always take partial gains by selling 50% position once the target is reached while let the remaining ride with a trailing stop of 10%
- Stop price in case trade goes against you - its better to take small loss than loose entire capital in that position
- Overall market conditions - it is very important to understand overall market direction
You can check out the entire watch list here. Some of the stock picks have performed fabulous...
Items you should focus on:
Things to remember:
Be disciplined and manage risk appropriately...
Items you should focus on:
- Always check NOTES section for each stock along with STOP Limit - updated every week as per individual stock action
- Find out earnings date for stocks you have in your portfolio, so that you are aware of major events - this is not included in the watch list but links are provided for your own findings/research
- Understand current market direction and decide if you want to remain invested based on market scenario
Things to remember:
- No matter how great the company is and how stellar the earnings are, if market is in correction then the stock performance will be affected
- All boats rise in a rising tide, in short if market moves up then most stocks will also move up and vice-verse. If market is doing well then selectively chosen stocks have higher probability to provide good returns in short duration
- If a stock position does not work in your favor then get out, cutting losses is not easy but necessary, ONLY a disciplined investor/trader will be successful in long term
- Use trade size calculator to manage risk per position
Be disciplined and manage risk appropriately...