Some of you'll told me yest that i got out of Route too early..so i decided to explain what happened.
While it was a good trade for me i have set SL's in place. In this case i wanted make atleast something so i had a narrow SL
The results were not good but the concall was amazing
Plus i know the business in great...
Lets first see the SL.
Avg result..going below the 20EMA..I exited before at 1220. Stock fell to as low as 1090 (right call). Normally taking support at the 50EMa and crossing back above the 10EMA i'd buy or surely at the BO of 1305 today.
But i didnt have money to buy as I was invested elsewhere and those positions have not triggered a stop and are in the money so why sell another winning position just to flip flop. Plus for me fundamentally i see better value there.
Now i know i will miss many opportunities.
But i play a %'s game. I dont want to own 2% of many companies and claim i own this and i own that. Today XX is up so my ego gets a boost. Id rather only 7-10 cos (Ideally 5) and hope they are growing + technically are in momentum and i can keep scaling up my positions
The second i find a runner I just stick with it. Couple such examples are Laurus, Neuland, Bajaji amines which you'll can currently relate to. I still add more Laurus & Balaji. Why? Becuase they are good co's with a long runway and visible results.
I am an individual trader who doesnt have a team so cant research 10 stocks a day so i have to play to my strengths. i try to have a list of 30-40 names and i play mainly within those.
If I like any add it, dont like subtract.
This way ill miss some but have no regrets.
What can i do if my reseach and watchlist is so good that many of the stocks are running up together in this massive upmove in stocks.. (Kya karu? đŸ€Ł)
If i could always own the best 7-10 names everyday i'd be RJ level..not RK.. 😉
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