SEMB.X0000

Panduka1988 · 1 SEMB.X0000 Sun Jun 12, 2011 5:08 pm

Panduka1988

Senior Equity Analytic

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Dear friends..

I've done day trades from SEMB.X0000 three times for the last week.. The last purchase was 30,000 shares for Rs 0.90 on the last Friday. And put an order to sell for Rs 1.00.
But unfortunately I missed the deal for 3 times.. Price rose Rs1.00 for three times and order unfinished.Share closed for Rs 0.80.

Please seniors explain what should I do tomorrow..?

StocksWatch · 2 Re: SEMB.X0000 Sun Jun 12, 2011 5:58 pm

StocksWatch

Assistant Vice President - Equity Analytics

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Panduka1988 wrote:Dear friends..

I've done day trades from SEMB.X0000 three times for the last week.. The last purchase was 30,000 shares for Rs 0.90 on the last Friday. And put an order to sell for Rs 1.00.
But unfortunately I missed the deal for 3 times.. Price rose Rs1.00 for three times and order unfinished.Share closed for Rs 0.80.

Please seniors explain what should I do tomorrow..?

Hi friend, if day trading was that easy, I think all investors in CSE will start day trading instead of investing and waiting for years to get a return. Similarly if you can always buy at 0.90 and sell at 1.00 within the same day, I think every day trader will be trading SEMB.X.

So I think you need to understand this truth. All trades you do in day trading will not always work in your favour. Now it is no more a day trade and you need to decide how long you are going to hold and how much is your expected return for that period. Also if the price does not get to 1.00 next week, I hope you will still have chance to exit at the same price you bought. You will only loose the transaction cost in this case.

chamith · 3 Re: SEMB.X0000 Sun Jun 12, 2011 6:07 pm

chamith

Assistant Vice President - Equity Analytics

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If you are into day trading you should know everything does not happen to our wish. If you see sudden change of direction of prices, your first priority should be to minimize your loss rather than thinking of making a profit. If you see you cant sell it for 1.00 as you wish, you could have sell it for 0.90 and save on the broker fee. So if you sold it on the same day for the same price you brought, you only loose broker fee for 1 transaction and you are in a safer place as a day trader.