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Going to purge my stocks portfolio. AMA

Although my gains are significant, I have realised it’s not working out for me. So going to sell most of my stocks.

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AlphaGrindset

Series A Startup

22 days ago

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boredcorporate

Others

22 days ago

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MrRobot1992

Early Stage Startup

22 days ago

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boredcorporate

Others

22 days ago

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inr

Oracle

21 days ago

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N00b

Møller-Maersk

21 days ago

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AdvancedRhubarb

Microsoft

21 days ago

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SoggyBasil4

Paytm

21 days ago

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boredcorporate

Others

21 days ago

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Indian Startups on

by steppenwolf

Stealth

Silver Moving , Buying frenzy in the market, Locking profits, Next opportunities..

Check comment for update on silver & next sectors. A lot of things have happened since my last update. I was caught in election volatility & booked out 50% of my positions. I was hoping for further slippages in the market, but prices started recovering the next day & eventually, I built everything back in the next 2 days. Currently from last week i have started booking out profits from my positional trades. 1 day before the election my portfolio for this FY was up around 26% & due to election volatility it came down to about 9 %. It is back again to the previous levels, a bit above. I wont sell my top 2 stocks but i am booking out the rest gradually. Now the rationale behind locking profit is that, in the last month, the portfolio fluctuated from 26 - 9 - 29. If markets go into trouble, I don't want to give back 20% twice to the market in 1 month. If I have 100 shares, I book out 5-10 every day, so that I can get a good average if the price keeps moving up. I have already booked 50% of my total positions. This process is called BOOKING OUT ON STRENGTH. I am taking advantage of the parabolic move. Us markets are currently thinning out & a handful of stocks are taking it higher, soon our market will experience the same. As of now there are no triggers in our market. But it just takes 1 session for the sentiment to change. Now, I cannot let my money sit idle in my account, that would be foolish for a trader. What I am doing is getting into sector ETFs of Banks, It , Auto. ETFs are less volatile, if the market is going to move 5-7% more from here until Budget, my returns will be in tune with the market. I am fine if I don't outperform the market for the next 5-7%. After budget i will reasses the situation and will get back again into equities. It is also a good feeling to book out & bring that money home. Whenever opportunities arise in subsequent quarters I can hit it hard & go full throttle since I have a good cushion.

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