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Trading In NTPC 18-02-2020

Good Decision 
Today Shorted NTPC @108.75 Qty 2700 Time 9.18
After Confirmation and as Nifty was going down Shorted again 2700 Qty @ 108.25
After Reconfirmation Shorted Again @ 108.65

Total Quantity 6102  Averaged @ 108.514

First time done stop loss trailing from 107 onwards and this was crazy, stock was moving in downward direction and it doesn't had any hurdles until 103.80
Stop Loss Trailed till 104.75 And it hit this time....

After hitting trailing stop loss it gone donw till 104  @ one point sellers were 21 Lakh and buyers were only 10 lakhs.

Came in mind to buy stock @ 104 but denied the fact after seeing Nifty was down
but then real upward movement started
Total Profit 23K

Bad Descision
Price moved to 107 within half an hour and again shorted the stock @ 107.90 Qty 702
but price was near 107.25 so adjusted the trade price @ 107.25 and then it went up till 108
hit stop loss @ 109
Total Loss 1229


Todays P&L 23000-1229-1500 = 20171

Needs to check Kotak Borkrage which is aroud 1500
Checking this stock since a week and lost almost 9000 in two trading sessions, so today recovred loss with profit. Self belief improoved.

Love,
DPZ.
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Comments

  1. Unknown18 February 2020 at 04:51

    Good going boss..keep it up

    ReplyDelete
  2. srut calms12 February 2022 at 00:49

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    ReplyDelete
  3. CWG Markets27 August 2022 at 01:55

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