Invest Without Emotions
The portfolio is down 18% while the NIFTY is down 5% during the same period. Being in cash did helped in avoiding the last couple of days. Although heavy stop loss triggers acted as a bane for the portfolio.
Wish to liquidate the portfolio on a later date, depending on the market conditions.
Had to get rid of BRIGADE because of its continuous fall. Was waiting for an exit point, which ultimately never came. Having trailing stop-loss would have helped definitely.
Hope for a good budget to make the next set of investments.
Sold SAIL [stockquote]SAIL[/stockquote] due to trailing stop loss. The whole portfolio is currently in Red.
Also, there is a stop loss order for BRIGADE and GEOMETRIC at Rs. 75.00 and Rs. 100.00 respectively.
Lets see what the coming days have in store for the portfolio.
The portfolio is down 12% since its inception on 4th of Feb whereas the NIFTY was down only 3%.
Major rejigs in the portfolio were selling UCOBANK and FKONCO, and buying NTPC and GEOMETRIC instead.
Hope for a better performance next week and the budget is favorable.
Till now you all have seen how the portfolio was getting rejigged because of trailing stop-losses being hit for the losers. But today I sold FKONCO [stockquote]FKONCO[/stockquote] at a profit of around 11% over a 3 trading days time .
I used the same proceeds to get long in GEOMETRIC [stockquote]GEOMETRIC[/stockquote]. Although, given the technicals I would have entered the trade at the start of the day itself, but due to no cash, had to wait to take any position. The MACD crossover happening and the stock bouncing back of its 3 months support line, it provided a good opportunity for a trade.
The portfolio currently looks like this.
Lets hope for the best.
