I speculate that the market will breach all time high.

There are so many fearful, market as always will surprise everybody.

And when all and sundry will try to ride it from the point of no return, it will take a U-turn.

I agree with you. My portfolio is in red and I am waiting for greener pastures.

Sold 1326 Gujarat Ambuja Exports @ Rs 34.40

All Equities sold. 100% in Cash now.

Total loss booked in the clearance is around Rs 45000.

I think last time also you did the same thing and market went ahead. Instead of 100% you could have done 50-50 (i.e. 50% cash & 50% equity holdings).

In that way, you won't lose either side (i.e. if the market goes up or down).

Booking loss is easy but earning that 45K back from market is very difficult task.

Starting from the beginning with fresh mind better luck for you friend

but I too fell you may have hung onto some good quality shares and i feel if you did this a month ago you might have saved some tax.

Ram

More than 11 months are remaining.

He will make up by adjusting tax on profits for this year.

Sincere Best of Luck .

Bought 10 Tata Motors DVR @ Rs 633.00

Reason: DVR shares trading at 43% discount to "normal" shares.

Sold all Tata Motors DVRs @ Rs 585.90 as my stop-loss was triggered.

Just for the sake of curiosity asking had you taken into account future dividend (20.5 R.s. per share) just announced while deciding stop loss ?

Yes. I bought at Rs 633. Ex-dividend price would be 633-20 = Rs. 613.

I had set stop loss at Rs 25 below this = 613-25 = Rs. 588.

Given the pace at which the scrip is falling (18% in one month) I was in no mood to hold for dividend.

Bought 20 SRF @ Rs. 300

The purchase was un-intentional. Few days ago I was trying to understand the new GTC order feature on ICICIDirect. I put in this order with a view to cancel it later and forgot all about it.

Added 21 SRF @ Rs. 285.00

Bought 46 GTL @ Rs 130.00 (based on Alchemist's trade. I don't know anything about this company )

Sorry, but even I don't much about the company.

All I know is there was a time when the stock was on Ketan Parekh's list of favorite stocks (K-10).

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Better Avoid GTL as it is a Tirodkar company.

Whatever position you have, do keep a strict stop loss.

This company was in our dirt cheap stock list when its price was around Rs 70.

If we compare today and those days. I don't have courage to enter at current price even.

Probable we would not see that cheap price in few years. Happy Investing!

Bought 223 Gujrat Ambuja Export @ Rs. 27.00.

Sold 46 GTL @ Rs. 110.00 (Stop-loss triggered).

In my opinion, as a retail investor, it would be better for a falling stock to fall completely and wait for signs of a trend reversal before jumping in.

Sold 1 lot Mini-Nifty futures (28-Aug) @ Rs 5475 (Short position).

Sold 1 lot Mini-Nifty futures (25-Aug) @ Rs 5500 (Short position).

Sold 1 lot Mini-Nifty futures (25-Aug) @ Rs 5550 (Short position).

Do you have a stop loss? Futures (and derivatives) as such are very risky. But you may be having a gameplan

Haven't decided on the stop-loss yet. Will wait for next week to decide unless NIFTY shoots up 150-200 points and loss becomes unbearable.

After the stable outperformance, the coming two days may just give you opportunity to average further and exit amidst volatility.

Bought yesterday: 66 FDC Ltd @ Rs. 90.56.

This was due to a myGTC order on ICICIDirect getting triggered.

Current Portfolio:

SRF 41 @ Rs. 294.13
Gujarat Ambuja Exports 223 @ Rs. 27.17
FDC 66 @ Rs. 90.56

Trading position:

3 lots short position on Mini Nifty futures (Aug expiry) @ Rs. 5508.33 [Avg.]

Did you short at 5508? if so then why did you do so low? Current rate is around 5663.
And what price you are expecting at the expiry?

I am not sure if we will go below 5500 before expiry. Wait and watch then.

Happy Investing!

We can't know whether it is high or low when we are shorting. .

That is the catch. I don't think getting out of short trade completely is a great idea. Better approach would be to cover 1 (or 2) lot of mini Nifty and buy heavyweights like HDFC Bank or L&T to hedge remaining shorted lots of Nifty.

These were bought earlier on 24th and 27th June when the market was at lower levels.

Squared off two lots of the Mini-Nifty shorts at 5500 and 5495 respectively.

It's too close to the Aug 2 deadline to raise the US debt limit and I did not want to carry too much risk. If an agreement is reached over the weekend, the relief rally would have made my shorts too expensive.

Now I am left with 1 lot mini-Nifty short in the trading portfolio.

Added 146 Gujarat Ambuja Exports @ Rs 27.00 (before brokerage & taxes)

Covered the remaining lot of 25-Aug mini-nifty futures @ Rs 5470.

In the end the 3 futures trades ended with no profit / no loss.

Bought 136 JK Paper @ Rs. 44.10

Bought 60 Mangalam Cement @ 101.20

[Cost excluding brokerage and taxes]

Added 66 FDC Ltd @ Rs 90.00.

Bought 63 SCI @ Rs 95.80.

Bought 60 Aries Agro @ Rs 100.75.

Bought 11 Tata Steel @ Rs. 480.00 (excluding brokerage/tax).

Mangalam Cement: 60 @ Rs. 101.83
SRF: 41 @ Rs. 294.13
Tata Steel: 11 @ Rs. 482.98
Aries Agro: 60 @ Rs. 100.62
Gujarat Ambuja Exports: 369 @ Rs. 27.18
L&T Finance: 353 @ Rs. 52.00
JK Paper: 136 @ Rs. 44.37
FDC Ltd.: 132 @ Rs. 90.56
Shipping Corp: 63 @ Rs. 95.69

Sold All Mangalam Cement @ Rs 101.00.

Sold 189 Gujarat Ambuja Exports @ Rs 25.00.

Posting updates on activities of the past few weeks. With the ICICIDirect myGTC feature, you are never know when orders get executed ...

23rd Aug:
Sold all Tata Steel @ Rs. 478.00

29th Aug:
Sold all Shipping Corp @ Rs. 83.00

30th Aug:
Sold all JK Paper @ Rs. 45.00
Sold all L&T Finance @ Rs. 50.50
Sold all Aries Agro @ Rs. 88.00

Now left with...

SRF 41 @ Rs. 294.13
Gujarat Ambuja Exports 180 @ Rs. 27.19
FDC Ltd. 132 @ Rs. 90.56

Sold all remaining (180) Gujarat Ambuja Exports @ Rs. 24.50

Now left with...

SRF 41 @ Rs. 294.13
FDC Ltd. 132 @ Rs. 90.56

Interesting anecdote:

In June I had shorted 3 lots of Mini-Nifty futures with Aug expiry.
The average buy price was Rs. 5488 per lot.

As the market rose, the shorts showed a loss of over Rs 17000 at one point. So when the market dropped again I closed the shorts at a profit of RS. 752.

The futures actually expired on 25th Aug at Rs. 4865. So If I had held on to the shorts I would have made Rs. 37380.

It's easy to be wiser in hind-sight, but I don't regret my decision to close the shorts at that point. The market was too volatile and it was better to play safe after having seen notional losses of over Rs 15000.