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  1. shabbir

    shabbir Administrator Staff Member

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    That is good to hear but I am too impatient when I have punched in my orders. I am not sure if I can wait till the end of the day. So yes GTT may not be for me but great to see that you can wait days before trades are executed. I need that kind of patience but still trying only.
     
  2. akshaybhagwat

    akshaybhagwat New Member

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    GTT helps me to overcome two of my problems: 1. To overcome the psychological effects over implementation(during panic or greed) of decision (taken when market and mind are calm). 2. No need to monitor the price daily to enter or exit once the patterns are found and confirmed.

    Your book helped me to identify Cup and handle in Biocon during Jan - Feb. I entered with small amount and averaged down and also averaged up during break out of high of handle. (Ref: location 1574 of the book). This was executed by GTT during corona lockdown (Mar -Apr) when I would not have shown courage to buy ever if I am confident of the patterns.
     
  3. shabbir

    shabbir Administrator Staff Member

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    That may be a good strategy at the outset but I like to invest in small tranches in the bottom formation patterns. Then I wait for the stock to rally. I am not a big fan of booking profits early. So even if top formation is on, if I don't see any sign of business being bad, I like to remain invested. Even if top is formed, and there is an opportunity in the correction after the top, I re-invest.
     
  4. shabbir

    shabbir Administrator Staff Member

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    As an investor do you add GTT order because I don't think they are any good for investor. I have never used it till and can you share when they are useful. Just wanted to learn if I am missing something.
     
  5. akshaybhagwat

    akshaybhagwat New Member

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    One important order type for investors like me that Upstox do not offer is GTT. I place my target, stop loss and average down/up order on the day when I enter a stock. Hope Upstox add good till triggered order type soon.
     
  6. shabbir

    shabbir Administrator Staff Member

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    My review of Upstox and why it is my favorite broker in 2020. Step by step to open your account digitally and answer common FAQs

    Continue reading...
     
  7. praveen2hearts

    praveen2hearts New Member

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    Thanks shabbir.
    Based on fundamentals I have selected few stocks and luckily bottom patterns formed for few of them. Then I will buy these stocks and after few days (lets assume 3 months) top patterns formed then should I book the profits and reinvest in the same stock when bottoms formed? Is it the right strategy??
     
  8. shabbir

    shabbir Administrator Staff Member

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    The first step is to know the right stocks and you can do that by reading my following articles

    https://shabbir.in/investment-checklist/
    and
    https://shabbir.in/fundamental-analysis/

    Once the stock qualifies the above checklist and analysis, I analyze the business on the following parameters

    https://shabbir.in/business-checklist/

    Moreover, here are some investing rules to follow:

    https://shabbir.in/rules-investing/

    And then the ratio I use to evaluate the stock

    https://shabbir.in/value-stock-investing/

    Finally comes the understanding of technical analysis based on price action which gives us the right price.

    Don't try to go from the bottom of doing technical analysis on every stock. At least it doesn't work for me that way.
     
  9. praveen2hearts

    praveen2hearts New Member

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    Dear shabbir

    I read your book and it is very informative and gave me a different perspective of technical analysis. My question is there are somany stocks and we cant go through all stocks.

    Is there any way to find a particular pattern is formed/about to form for a stock?
     
  10. shabbir

    shabbir Administrator Staff Member

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    ETFs can't go bankrupt. There is no way I am seeing that happening. Even if Nippon India goes bankrupt then also ETF will continue to remain afloat.
     
  11. nagarjunadevasani

    nagarjunadevasani New Member

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    Dear Shabbir Sir ,i am planning to invest(SIP mode) for quite long time like 10-15 years on Nifty Bees(Nippon India ETF) and Bank nifty bees(nippon India ETF) is there any chance these ETFs will go bankrupt or any issue will arise ..basically i am looking the investment should not erode my capital and which can generate Index returns.

    Please help with some details.
     
  12. shabbir

    shabbir Administrator Staff Member

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    They don't have growth and there is no way they can use the cash to grow the business. So they give out dividend. Because government wants to spend more on infra dev and wants money, the dividend helps them as well.

    Market is looking for growth. 7% Dividend yield does means there may be very little downside but investors are looking for upside.
     
  13. shabbir

    shabbir Administrator Staff Member

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    Everything a trader and investor need to know about the descending triangle chart pattern along with real-life examples

    Continue reading...
     
  14. nagarjunadevasani

    nagarjunadevasani New Member

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    Dear Shabbir sir , when i go through some oil & gas and power sector companies (most of the PSU) , all companies are giving very high dividend .. and day by day price is going down .. why it is like that .. is it sustainable in longer run ? .. if we take ONGC , GAIL , Power grid its giving 7% of dividend yield..what is the logic behind this high dividend on these stocks particularly ..
     
  15. shabbir

    shabbir Administrator Staff Member

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    It is because the first one failed as flag. In a flag in the next few days the second flag should start. It doesn't and so the flag failed.

    Moreover, the low from the start of first flag is broken and so it means even the stop loss was hit.
     
  16. kanuagarwal9975

    kanuagarwal9975 New Member

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    First pole is the one I have pointed with the blue arrows. I cannot find the second one. That is what I am wanting to know. Why is there no second flag?
     
  17. shabbir

    shabbir Administrator Staff Member

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    Can you mark the first and the second pole you are seeing in the chart
     
  18. kanuagarwal9975

    kanuagarwal9975 New Member

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    But what about the second pole?
     
  19. shabbir

    shabbir Administrator Staff Member

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    Everything a trader and investor need to know about the ascending triangle chart pattern along with real-life examples

    Continue reading...
     
  20. shabbir

    shabbir Administrator Staff Member

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    Yes it was but the point you are pointing with blue arrow wasn't the first pole. Moreover, flag only spans for a few days only. It is not very long and so there is no entry now.
     
    kanuagarwal9975 and 1sreerajvs like this.