Is anybody immune to mistakes? No. Everybody makes the mistake.
Why are we then talking about mistakes if everybody has fair share of them and it is really normal?
Because, we are not everybody. Analysing the mistakes is important to get the things right in future. To make things better.
We are the aggregate of our mistakes – for good or bad. Then why not analyze and make the mistakes count for something.
Mistake 1 – Balaji Amines
We could not have shared this trade when stock first broke out of pre corona level on 25 June or right after that because this platform was non existent back then. We could have certainly shared this in early August when stock crossed the just made high of around 600 or right before that when stock came out of flat horizontal line on Aug 3.
Finally that big green bullish candle made on 17 Aug woke us from slumber and we shared it first on 795 on 18 Aug. Stock after that ran to 990+. That was clean 25% move in no time. After that stock corrected big to 800 levels again and started forming that bullish base highlighted in black horizontal line. Again we shared the idea, with pro only though, at 795 in early Oct. It was shared because stock was trading near 20 SMA, 50 SMA and also formed a bullish base as support and likelihood of making quick up move from here was more than going down. With stop loss of 726 it was a risk of 9% with upside of 40%+. So you can say low risk high reward chance and we took that trade.
Stock made new highs of 1050+ this time within 40 days. Good move and after that correction came. As highlighted in that circle stock was again trading close to 20 SMA, 50 SMA offering low risk high reward trade. But we failed to take benefit this time. Another mistake was while we did post that it is likely to run from here having crossed 955 we did not put specific details for trade either in public or pro.
This mistake has cost us anywhere from 40-50% within a week. A costly mistake by all accounts and specially if you understand everything about idea and know that it is going to fire. Balaji Amines was up by 65% from 795 where we shared it twice if you take highs and currently is up 40%+.
Mistake 2 Dixon Technology
It is atmanirbhar bharat poster boy stock. First shared on 14 July which is when this platform came to public so you can say it is better than Balaji Amines in that sense. Shared at 6366 and since then stock did not look back and with some corrections here and there stock continued the upward journey.
First major correction came in late Sep along with market and it was a steal at around 8000 as highlighted by circle around point 1. Main reason was stock trading near 50 SMA. Next chance was at point 2, when stock again touched 20 SMA/50 SMA both, affording another low risk high reward trade. Finally which is actually a no brainer trade is point 3, here stock crossed previous high flat line and pulled back near 10000. Since we are not value investor we can not take refuge saying it was overvalued. Value for us is in terms of price action which clearly was there.
How costly these mistakes were? From 8000, we missed 100% run. From 9000 we missed 85% run. From 10000 level, we missed mere 68% run.
A good 65%-110% move missed. 3 months and 110% move missed. Stock is up by 150% from 6366 where we shared it first.
Mistake 3 IndiaMART Intermesh
IndiaMART has been one hell of a trade so far giving blockbuster returns second to none. Not even Laurus Lab could beat it.
We shared it first on 22-23 July around 2244. You can see the big volume bars and not so big candle moves. Moves were actually good enough but since then stock has made even bigger points move so it is looking smaller on chart. Stock has done exceedingly well since then.
For a long time almost a month since Nov stock was trading near 50 SMA and should have been added. If not then as highlighted by first up arrow it was a clean buy as volume shot up and stock made big candle upmove coming out of flatline. If even this was missed second chance was to add on second arrow when stock broke out and made new all time high.
Both chances missed. Stock has made 40-55% move since those two misses. Quite costly looking at it now.
Stock if taken from highs is up by some 240% and currently up by 232% from 2244 where we shared it first. People may spread the canard that those looking at screen can not find opportunities early and value investors would have it first but that is a lie. They are talking about their limitations when they say such stuff. These three mistakes are notable because all three are from structural themes which we identified early on and have been aware about them all along. If something new pops up and you miss it then that could be forgivable but such trades should not have been missed which are part of already identified big themes. That is why we discussed these three only.
Disclaimer: Posts on the platforms of BN are our perspective on the market. These are purely meant for learning purposes. The perspective provided should not be construed as investment advice or solicitation to trade. We may have positions in the stock mentioned. You agree to make no trade relying on the above contained information fully or partly. By using the content, you agree to these T&Cs.
Hi there. I found your web site by means of Google even as searching for a comparable matter, your site came up. It seems great. I have bookmarked it in my google bookmarks to come back then. Steffi Irving Lombardo
механизм проекции в психологии