e-Nagar

July 2, 2009

Trading: It was a dog’s day

Filed under: Miscellaneous — Ankur Aggarwal @ 12:58 am

Saw a bounce back in suzlon .. bought it at 101.8 with stoploss at 100.5 . the market went down till 100.25 before bouncing
back and triggered the stoploss.
I panicked and put an opposite position to cover the losses when it came back to 101.8, but this time the bounce back really happened and it went upto 106, again hitting the stoploss of 103.3.

So basically even though we had bet rightly about the movement of the stock, the volatility made both the bets sour

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