I had entered on 27/May (660/-) but had to exit at a loss on 18/Jun(618/-) as it was beyond my risk capacity. tried to hold the stock even after the huge gap down on 7/Jun. Will try to re-enter again. Thx for the insight.
IIMA_Brat
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@Minhaj_AK, YouTube, twitter & every other social media, nowadays only just preach about Technical analysis. But trust me, once you know about the company, all the technical analysis becomes just 5% of the contributor. I have my Biggest allocation in DCB Bank. Yet net return from it in last 8 months has been -12% for me! :D
Yet, I'm sitting on it with conviction. (Given that It was a contra trade). So, Instead of giving your stop-losses to market & end up making others rich, try to use the leverage of time. Sit on trade with patience, Huge wealth will be made this way! :)
Hope you will consider this suggestion! :)
Minhaj_AK
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@IIMA_Brat, I must admit, you are one of the first person whom i came across who actually believes more on fundamentals even after being an ace in Technicals. Your opinion is very much realistic and unbiased. But, how do you manage your risk/psychology when the stock in your holding is beyond the SL level and technicals have gone against the trade completely.
IIMA_Brat
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@Minhaj_AK, Haha thanks for your kind words. I value Fundamentals more because I'm a investor, not a trader.
That also explains my SL: The minimum return I target is 50%. & I only enter on high risk reward options.
Which gives me an advantage, to hold my stocks even till -30% (max fall I have seen is -28%, though now its +130% up :D). Now If I can make constant 50%, 100% or more on trades then I don't need any SL to be honest. I use leverage of time, by investing in right stock! :D
Hope this will help! :)
Minhaj_AK
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@IIMA_Brat, i somewhat completely agree with you. After my 2 yrs into investing and swing trading, i feel SL is more hyped. Knowing the levels and respecting it gives more confidence in the stock. Thanks for sharing your experience.