Hindi → English transcript
So my entry in that EQ task is still running.
I don’t really have any doubts about that trade, but the only thing is that it’s already run up quite a lot.
So it seems it has been rejected in stage 2 three or four times.
So how should I update its bias? As of today I would say it is still strong.
From here it can give a 30% move.
But it has come into stage 2 three or four times, right?
So somewhere I feel like it has already run up a lot.
I had taken a second entry around 15th Feb, and that one hit my stop loss.
Okay, so that one got closed out, yours got closed out, but then on 1st March, when Trump’s news came out…
Then I put its (order) on 1st March, it became 2nd March. Okay, so that day what you did was you set its low as the stop loss, you set it very tight, that was for the first entry, right? This is actually true, right? Your entry…
And this got stopped out? No, no, I continued that, okay, even though it is a volatile market, so things went up.
So with that understanding, I continued, that I will keep the one from the day before, here, I will keep that, the first one I did, if I have to manage this…
You know, look, no trade management is ever completely right, because you are always somewhat inaccurate somewhere, you can only decide based on the present situation
What is the best I can do in my trade, at this time, alright, with the information I have right now, if I had to manage it,
And I believe that every person can have a valid perspective, it is not that if my perspective is right then your perspective is wrong.
there is no right way to manage a trade, if it were my trade, what I would do is set the second entry to break even,
the stop loss of the second entry, if it gets hit, then we will exit, in the worst case scenario I will take its low, because this is my high-pressure area, my panic area, this is a good area, because if it comes down till here, then maybe it will show weakness,
and because I have a lot of profit in my first trade, I will give it room, this is your perspective that it has already moved a lot, the people sitting in the market, their perspective is not that it has already moved a lot, if their perspective were that it has already moved a lot, then they would be selling the stock, in such a harsh market environment
So out of this, maybe this will be lower, this will be lower for you, this is your 2065 and this is 2055, okay, so take this 2055. This is enough for you, look. What you have to do is, you have to find enough room somewhere. You have to decide that if I can afford this much room, then it is sufficient for me, I will take an exit.
You just need a cut-off, okay. You just cannot keep the cut-off here, you cannot keep it here because it will be too close, okay. Sometimes what happens is when the market is bad, you have to trust your strong stocks. If you do not trust them, then you will often get burned in them.
Okay, if you trust them, even if they are doing a bit of a shake-out, there is no problem, because this is not the last trade of your life.
so have the trust, I will put a stop loss on this and leave it, I will see what the market does, it has even come to the 50-day MA here, the stock is still strong,
now if it takes on the character of weakness, like CG Power, I was giving CG Power a lot of room, as long as it was strong, I was letting it shake me out a lot from my side,
I wasn’t getting worried at all, I was giving it sufficient room, the stock kept bouncing, it was showing good character, what happened on this day, on this particular day was that the stock opened up, the market wasn’t that bad.
And there was a stock sell-off, and the sell-off was so big that it brought your low down to this level, okay? For it to be 3% down, it is 3% down, but it is showing weakness. Now after that I saw that the market itself is not bad, and if you always look at the stock, it has closed after recovering from the bottom, even in a bad market…
…so I became alert about this, that maybe its character is changing, it is moving toward distribution. So until now, the room I was giving it…
my conclusion was that I should give it less room at this time. I need to see this stock the next day, how it opens. This also opened…
And somewhere around 705, somewhere around that level I sold it, okay, and I exited this trade. After that it went down, then gave a slight bounce, then sold off. So what change in character did I make? I was actually giving the stock room until then because I had good margin, right.
What can you do? Place a deeper stop loss, give the stock room. It needs a bit of support when you are in a tough market environment.
Especially volatility and broader market volatility. All you have to do is, if it becomes weak and gives you a change in character, that stock, then you should actively manage it.
End of transcript · 970 words · machine translated
Original transcript (Hindi)
तो मेरा एंट्री एक्क्यू टास्ट में अभी भी चल रहा है मुझे वैसे ट्रेट में कुछ डाउट नहीं है बड़ एक ही बात है कि वो काफ़ी चला हुआ है तो लग उसने स्टेज़ 2 में तीन चार बार रिजेक्ट हो किया आया है तो मैं इसको क्या बायस अपडेट करो, मुझे आज कहती हूँ कि वो स्ट्रॉंग है अभी भी यहाँ से 30% मूर्थ दे सकता है
पर तीन चार बार स्टेज़ 2 में आया है न तो मुझे कहीं न कहीं ऐसा लग रहा है कि मुझे बहुत कौफ़ी चल रहा है मैंने दूसरा एंट्री लिया था करीब 15 फेब्ट में वो मेरा स्टॉप लॉस हिट हो गया था अच्छा तो वो बाहर हो गया आपका वो बाहर हो गया पर फिर वो फ़र्स्ट मार्च को यह जब ट्रम्प का नीज आये न ḍतॉर मेने उसका जो लगा दिया फ़र्स्ट मार्च वो 2nd मार्च हो गया था ठीक है तो इस दिन आपने क्या कि इसका लो ए र टॉप लॉस लगा दिया था बहुत लगा दिया तो फृस्ट एंट्री का था न बार ये सच्ची बार है न वो आपकर एंट्र
और ये stop out हो गया? नहीं नहीं, मैंने वो continue किया, थीक है, even that कि volatile market है, तो उपर जीज़े हो गई, वो समझ कि मैंने continue किया, कि I will keep the day before का जो है न, लो, वो रखूंगा मैं, जो पहला जो किया, मेरे को अगर इसको manage करना हो, क्या न, दिखे, trade management कोई भी सही management नहीं होता है, क्योंकि आप हमेशा कहीं न कहीं inaccurateurate होते हैं, आप सिर्फ present situation में से आप ये decide कर सकते हैं, कि मेरा जो trade है, उसमें मैं best क्या कर सकता हूँ, इस समय में, थीक है, जो present information है, मैं, यदि मेरे को manage करना होता हूँ, और मैं मानता हूँ कि हर आदमी का एक सही perspective हो सकता है, मेरा perspective है तो सही है, आपका perspective है तो गलत है, ऐसा नहीं होता है,
there is no right way to manage a trade, मेरा होगा तो मैं क्या करूँगा, कि second entry को break even पे लगा दूँगा, second entry का stop loss, निकलता है तो निकल जाएँ, worst case scenario इसका low ले लूँगा, क्योंकि यह high pressure area है मेरा, panic area है, यह एक अच्छा area है, क्योंकि यहां तक यह नीची आएगा, तो maybe वो weakness शो करेगा, और क्योंकि मेरे first trade में काफी profit है, मैं उसको room दूँगा, यह आपका perspective है कि बहुत चल चुका है, जो market में बैठे वे लोग हैं, उनका perspective नहीं कि बहुत चल चुका है, यदि उनका perspective होता है कि यह बहुत चल चुका है, तो वो stock को बेच रहे होते हैं, इतने खरा market environment में है तो आप इस में से शायद यह lower होगा आपका lower होगा, यह आपका 2065 और यह 2055 ठीक है, तो यह 2055 पकड़ लीजे, यह आपका है enough देखे, आपने क्या करना है कि आपको कहीं न कहीं enough room देखे यह चुनना है कि मेरे को इतना room यदि चला जाएगा न, तो मेरे लिए sufficient है, I will take an exit you just need a cut off, तीक है, बस cut off यहां नहीं रख सकते हैं, यहां नहीं रख सकते हैं क्योंकि वो बहुत करीब होगा, थीक है, कहीं बार क्या होता है कि जब market खराब होती है तो अपनी strong stocks को आपको trust करना पड़ता है, यदि आप trust नहीं करेंगे न, तो आप अक्सर भसेंगे उसमें
थीक है, यदि आप trust करेंगे, थोड़ा वो shake out भी हो रहा है, तो भी कोई दिक्कत नहीं, क्योंकि आपकी जिंद्गी का अखरी trade नहीं है, so have the trust, मैं इस पे stop loss मारके और छोड़ दूँगा, देखूंगा market क्या करता है, 50 day मा भी आ गया है यहां तक, stock अभी तक strong है, अब यदि यह weakness का character ले, जैसे CG power, मैं CG power को बहुत room देके चल रहा था, मैं उसको जब तक यह strong था, मैं उसको बहुत ज़्यादा अपनी तरफ से shake out कर रहा है, मैं बिल्कुल भी परशान नहीं हो रहा था, मैं उसको sufficient room दे रहा था, stock हमेशा bounce कर रहा था, अच्छा character show कर रहा था, इस दिन क्या हुआ, यह particular day पे, कि stock उपर खुला, market उतना खराब नहीं था, और stock sell off हो गया, और sell off भी इतना हुआ कि इसका मतलब लो यहां तक आ गया आपका, ठीक है, 3% down होने के लिए 3% down है, लेकिन weakness show कर रहा है, अब उसके बाद मैंने देखा कि market भी खराब नहीं है, stock हमेशा यदि आप देखे ना, तो bottom से recover कर के बंद हुआ है, खराब market हु�
है, तो मैं इस चीज को लेके alert हुआ कि शायद character change हो रहा है, distribution की तरफ जा रहा है, तो अभी तक जो मैं room दे रहा था ना, मेरा सूचना यह हुआ कि इसको मुझे कम room देना चाहिए इस समय में, मुझे इस stock को अगले दिन देखना है यह खुलता कैसे, यह भी खुला, और समवेर around 705 एव के आसपास में मैंने इसको बेच दिया, ठीक है, और मैं निकल गया इस trade में से, उसके अधिया नीचे गया, फिर हलका सा bounce दिया, फिर sale off हो गया, तो change in character मैंने क्या किया कि मैंने actually stock को मैं तब तक room दे रहा था क्योंकि मेरे पास margin अच्छा था, न आप क्या कर सकते हैं, deeper stop loss रखे, stock को room दीजे, थोड़ा से support की जरूरत होती है, जब आप एक खरा मार्केट environment में, खास्ताओं से volatility और broader market volatility, बस इतना सा करना है कि यदि आपका वो weak हो जाए, आपको change in character दे, उस stock को, तब फिर आपको actively manage करना चाहिए.
