Friends, Yes Bank recommend on January 20, 2020 at around 38.65 has hit the given target of 81 in less than 2 months. (Return of around 110%). For more such views on the market, do hit the like button & follow my user id. Thank You.
Who in their right mind holds a Rs: 38.65 stock when it dropped to a low of Rs: 5.65 on 6th March??
Clearly no stop-loss or risk:reward to be considered while investing or trading.
Bajrangi-Bhaijaan
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@jdjoshdias, A person who is in a right frame of mind would never pose such a question because he/she would be clearly able to differentiate between a trading view & an investment view. For your kind info, Stop Loss comes into play in a Trading View, which certainly was not the case in Yes Bank, where it was clearly mentioned as a Medium Term Investment opportunity where volatility was certainly expected. Looks like you closely tracked Yes Bank but missed it- case of sour grapes eh?
SchoolofMarkets
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@Bajrangi-Bhaijaan, so, as far as you're concerned, no stop loss? Like seriously?
Bajrangi-Bhaijaan
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@SchoolofMarkets, While I have already clarified that in my earlier reply itself, to add to it - if you indeed have to put stop loss even for investment ideas, then you might not put an investment idea itself in the first place. For a shorter time frame like intraday, I understand one may certainly have a stop loss in place depending on one's risk profile but certainly not for a medium or long term investment. At least that's the way I go about things. Good Luck.
SchoolofMarkets
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@Bajrangi-Bhaijaan, You'd need the good luck. Cause I remember people saying the same about rcom in 2008. WHATEVER YOU DO, HAVE A STOP LOSS! ALWAYS! PLEASE.
Bajrangi-Bhaijaan
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@SchoolofMarkets, If anyone investing in stock market needs good luck then he/she might well venture into gambling than into investment in stock market. The problem with putting a stop loss into investment ideas is most of the times especially in a volatile times like the current phase, the stop loss would be triggered in the best of blue chip stocks & one would end up making loss in most cases than making decent returns. So putting a stop loss for investment ideas just doesn't cut ice with me.