I had explained in the last post the sectors i am going behind from here on. These were Banks, Metals and FMCG. Banks are resisting the fall even today & are broadly up. Check it here.
https://share.gvine.app/GiMiy13zbhGLgrT97
SBI,ICICI,AXIS are the top stocks in the banking sector & they are doing okay, well above buy price.
From FMCG Nestle, VBL, TATA C are well above the buy price for now.
From metals i have positions in Jindal & Tata S. I have cut out Jindal S today at 2% loss & i have Tata S from a much lower level so i am not worried.
Apart from these i built positions in TVS Motor, Cipla, booked out a loss of around 1.5% -2% today.
Cutting out stocks when things are not in your favour is also a skill and i have learned it the hard way. -2% can become -5% -10% very easily.
For the last 1 month i have been writing that Risk : Reward exists in Bank, Metal and FMCG and stocks from these sectors have not fallen that much in the last week.
Any chart pattern any strategy cannot be a traders edge, Risk management combining with Risk : Reward analysis & sector understanding is my biggest edge over 99% of market participants.
Now, markets are getting thinner by each passing session. I will aggressively start cutting position if we breach 21850 in Nifty. I am now only managing newer positions (mentioned above).
From the Large cap portfolio i built in Dec, i have a good cushion but i will start trimming if 21850 goes in Nifty. I will not touch my Top 4 holdings. I have Tata M, Tata C, LT , Can B , PNB , TATA S, Wipro from DEC.
I have a different account for Small - mid cap & i have booked everything except 2 top massive winner stocks in the last 1 week. I will wait for stability to return to build newer positions.
From now on whatever new position i build that is going to be from Nifty 100 index only.
Per trade I risk 2% of my account size but from here on my risk will be capped at 0.5-0.75% of Account.
Tip : Stay away from options for 1 Month.
Can we book a topmate session with you to understand how you started your stock investing journey, resources you follow, etc? I am trying to start my stock market investment journey and looking for a mentor
Hi @Snsns you can dm me. No need for a top mate or anything.
Below i have given links to my last few posts go through them to understand what i have done in the last 20 odd days.
I was mentioning it from the month of Feb that Banks, FMCG , Metal are the sector where Risk : Reward lies in the mar...
The broad trajectory of the market is going to be up with volatility. Some adjustments need to be made to the trading style.
https://share.gvine.app/yXc9GETSiWn8c2Uz8
In this post i had stated that ICICI is setting up for the move. I e...
A few months ago I wrote about how i caught 100% + returns in the Counter - Inox wind. It has set up again. Here is the link to the Inox wind post.
https://share.gvine.app/sugCF7MjAeSSFkvh6
Accumulation has been happening in Inox Wi...
This was my last post where i mentioned that Nifty 100 is the way to go ahead if one wants to build newer positions.
https://share.gvine.app/8aJtMzoHxdWv7hPv5
Stocks like ABB, SIEMENS, PIDILITE , COLPAL, MARUTI, LT, JINDAL S, TATA M , ...
Currently Market is offering an excellent Risk : Reward. I know how hard it is right now to build positions, that is why i have a focused approach(Nifty 100 only). Whenever the market is going to give you Risk : Reward things are not goi...
