Trade reason

It was extended fall on the daily & on the 30-minute chart. Odds were high for a reversal from here so bought in anticipation without waiting for any level to get triggered.

#JSL

193.50

Read 6 tweets

Manas Arora

@iManasArora

Oct 14, 2021

3/n

I don't check DOW late at night and worry about what it will do. Never done it in many many years I can think of. Yes, when I started out I used to. Futile exercise it is.
#BroTip

4/n

I don't worry about gap downs like most of you do. No gap down can wipe me out because I position myself that way. It can at max damage me 2-3 or maybe 5% something I can recover from.

P.S: No gap down has ever hit 2% of my port forget 5. Position size is the key.
#BroTip

5/n

I don't have any indices on my screen. I can swear by my life that I don't know where NIFTY and Sensex are. They don't make money for me. Stocks do. And stocks make those indices.
#BroTip

Read 12 tweets

Manas Arora

@iManasArora

Oct 7, 2021

#NewPosition - LONG in #FILATEX at 107

1% stop

#FILATEX

112.5

5R trade

Bought at 107 with a 1% stop

#FILATEX

119

Sold 1st 1/3rd position at 11 times risk gains. Had updated in the MB sheet, the market is going to give bigger gains so wait for it.

Bought it yesterday at 107 with a 1% stop

Read 4 tweets

Manas Arora

@iManasArora

Aug 31, 2021

You thinking you can’t do BTST anymore? WRONG!

You just need some extra money (if you wish to continue to work smoothly for next T + 3 days)
Or
If no spare funds, then wait for T+2 days for partial ease of limit and T+3 for full limit.

P.S: This margin rule is NOT new.

For every scrip, the VAR margin requirement is different (based on scrip’s volatility). It ranges from 20 to 100%. Till today the rule was you needed 75% of VAR in your account before you can place your order.

1/n

For example, VAR margin for SRF is 25% up front and for HAPPSTMNDS it is 100%.

To buy SRF, you needed 75% of 25%(VAR) of total order value, for the order to go. Some small brokers may allow your order even otherwise, but you will be charged 1% penalty.

2/n

Read 6 tweets

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