What are some interesting stock market profit/loss stories?
Forgot to sell all of Yesbank stocks.In 2013 I bought 75 stocks of yesbank over 500 INR eachit started to fall drastically after that, even comes down below 300 mark.My friend suggested me to do averaging as company is good and with solid management. I bought 75 more around 300 mark.Now after sometime (may be in 2014 ) I was above my average price (around 420 INR) and I sold all of them and was happy that I have made a decent profit.Little did I realize that I have only sold 100 stocks instead of 150.Actually I have sold all of my stocks, withdraw the profit and was on two months of vacation doing nothing, not even checking the market.When I come back to do invest in market I saw I still have 50 stocks left in my holding and now the price has shot over 600 INR. Still remember the date was 9th September 2014.Then I call my friend the same. He congratulated me and asked just keep it and do what great investors does, NEVER SELL A GOOD STOCK.I still having those yes bank stocks. now after split I have 250 stocksStock value when I bought them: 420 * 50 = 21,000 INRToday’s value of stock: 250 * 336 = 84,000 INR400% of profit for being stupid.Bonus: I got dividend around 5 times in this period.So Lesson learned is that DON’T SELL GOOD STOCKS
How much was your highest intraday trading profit?
I would always suggest that whenever you are entering into any trade your motto should be to reman in Green throughout the day. I always follow that and hence I come out of my trade once I get 1 or 2 rs profit in my trade. I follow my SL strictly and I always buy a stock at level where I don't need to keep SL more than Rs 2 (usually it is 2 Rs back from VWAP price) I buy 1500 qty to 2000 qty but new comers should not trade with such a huge qty as it will lead to empty your demat in few days. I usually trade in 2 shares only Jet Airways and Indiabulls Hsg Finance bcoz I love the volatility of these 2 stocks. sometimes I go with another stocks as well when I see that these 2 stocks are too volatile than any other day. I am attaching P&L statement of Zerodha Console from 1st Nov 2018 to 17 Dec 2018 ..You can see only single red in the month Dec 18 otherwise most of the times I am +ve and always look for 1–2 Rs profit only ..many times I regret of this bcoz after my exit stock goes up 10–12 rs but sometimes it goes against my decision as well.. in above case you can see I bought 500 stocks@ 230.95 of DhFL and I exited immediately as I didn't have that much time to follow its chart throughout the day but later in 30mins it went up to 244 which is almost 12 rs upside and I missed it. secondly I bought M&M 1000qty@ 730.30 and I exited immediately when I got 1 rs profit and I thank god for that exit as after my exit it came down to 714.. hence discipline is important.With my accuracy, I have been in green for 18th Dec to 21 Dec as well.. thanks for your views and upvotes.