Since mid of August, I have started doing this as a study so the readers of this blog can learn along with me. I am also giving valuable list of stocks for quick profit. If anyone bought Kiriindus and Trent on the morning of 25th August as they showed up in 24th August list, they would have gotten a profit of 4-6% by evening.
I got inspired for this selection when I once noticed Indigo on daily chart and next day bought its CE at 9 and sold at 18 after few hours. Later traded TNPL, INFIBEAM, DIAMONDYD, JOCIL, BLISSGVS, ATULAUTO, during mid weeks of August and booked about 5% profit in a short time. Every stock may not rise the very next day. But I observed the potential for a rise in the next 10 days, on few stocks over a historical period of five years. Thus I decided to make such list everyday and trade familiar stocks or observe them for building trading watchlists to grow familiarity to trade later.
| company symbol | % rise today | today's close price |
| AARVEEDEN | 3.3 | 12.4 |
| BSE | 7.3 | 541 |
| GILLANDERS | 4.9 | 31.1 |
| GKWLIMITED | 8.7 | 527.2 |
| INFRABEES | 2.6 | 341 |
| LICNETFSEN | 2.2 | 420 |
| PUNJABCHEM | 9 | 601.6 |
| SUBROS | 6.8 | 252.9 |
| TECHNOE | 13.3 | 234.7 |
| UBL | 8.1 | 1084.5 |
| UBL-1M | 7.9 | 1089.6 |
| VSTTILLERS | 4.9 | 1720.6 |
Same table as a picture.
Commentary:
Good to see many stocks today with more than 20 rupees. I decided to not worry much about what happens on a daily basis in the market. Focus more on actual trading. Keep small watch lists and trade and forget.
I took TNPL on Friday that fell less relatively on Monday, so I didn't sell it. Today it recovered back. Diamondyd also recovered back but I didn't touch it. There is not much to worry buying and selling stocks this way. In case a major crash comes, some loss is inevitable. We may get second chance to get out with limited loss though. But the intent of these to build long term watch list is also a good idea.
As we trade stocks and get familiarized with their movements we can move them from short term watch list to long term watchlist to trade for bigger moves in medium or long term as well. I tried to do that with Adanigreen in my long term folio, buying it from 440 levels as it pulled back and averaged to 370 levels. But I exited seeing it being weak relative to ARVSMART from same sector. I entered ARVSMART and now the tables reversed. Simply should have stuck to original plan. Better to stick to original plan and avoid changing plans in between for any new discoveries made in between. Now Adanigreen went up 40% from there to new highs. It is better to keep a boundary between short term folio and long term folio. My trade with ARVSMART was for short term from the beginning but Adanigreen was for long term. Noticing both from same sector and trying to cross-read, I messed up long term trading. Cross-reading is good for catching short term moves. But for the long term positions, it doesn't matter. We need to focus on the stock fundamentals and its movements relative to NIFTY.
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