Propanditdotin

Range breakout trades for educational purposes only.

[Algod @AlgodTrading]

Crypto will walk the same path as dotcom bubble, 99.9% will go to zero and only a few quality co’s will come out of it

Spoke with multiple people that made it during that period, their number 1 advice was: ‘take profits while you can’

So easy yet so hard

[Propanditdotin @Propandit2]

Nifty closed at 18771 ,after making a low of 18759

It has bounced back all the way to 18862 with bank nifty even making a new day high of 44042 ,but then both witnessed heavy selling pressure and closed the day near day's low

[Propanditdotin @Propandit2]

Nifty made high of 18886.6 and lifetime high is 18887.6

Currently trading at 18874

Will it make all time high on today's expiry day ?

#Nifty50
#stockmarkets
#stock

[Propanditdotin @Propandit2]

Reliance one of the main drivers for Nifty has broken it's previous day low , Nifty has not yet broken it's previous day low though. But is trading quite close to it

Let's see what happens in the next 30 mins.Will it move much more lower or reverse and break it's all time high.

[Propanditdotin @Propandit2]

MCA extends due date for filing form DPT-3 ( Return of Deposits) for fy 22-23 to 31.7.23

#rocfiling
#startup
#startupindia
#compliances

[Algod @AlgodTrading]

All we need is an $eth ETF to start the alt season

Lighting multiple candles for my underperforming bag 🤝

[Propanditdotin @Propandit2]

Bank Nifty has resistance at 43946 if it crosses then next resistance is at 44126

#banknifty

[Propanditdotin @Propandit2]

Vakrangee ltd has given breakouts on daily ,week and monthly charts.

There has been a spurt in volumes today

Demerger record date is 15th June'23

CMP is 18.4
Let's see 🙈 if it goes 24/28/31 or it comes down to 16

[Propanditdotin @Propandit2]

Index funds mirror market jump,making it a perfect choice to start your investment journey!

#marketmantra

[Bandi Shreyas @BandiShreyas]

I used to do this thing earlier (like 2016-20) where I would scan for small and micro caps, with the following criteria -

Market cap 100-500cr

Profitable

Little or 0 debt

PE below 10

Among what qualified I would look into their busness, industry and see how I felt about the whole thing, with these companies it's highly possible that books can also be cooked up so goes without saying that it doesn't get more high risk than this

So if it clicked in both the objective and subjective criteria, I would allocate between 0.5-1% of portfolio to the company

PS- net allocation to micro cap has never been over 10% of equity portfolio and the approach is buy and forget, no exit no pyramid, nothing, remaining 90% of equity was anyway very close to being mainly Nifty allocation

Now in this bundle, there are stocks that are down 70% but also many stocks up 8-10x, biggest win was Tanla that was up 70x at one point but I didn't book it so it's back down to being 26x, net net this micro cap experiment was definitely a fair win but to be honest there was a good amount of luck involved, just right place at the right time

My philosophy around this allocation was that a small proportion of the folio is in tiny but profitable companies that are available for low PE ratio, which don't have liabilities, making disproportionate returns possible

Over time I concluded however, that this was just an intellectual exercise, it's impossible to take large positions in these companies (for all we know the books are fully cooked)and that manually picking even large cap stocks and balancing the portfolio is mostly not going to lead to some drastic outpermance over time (99% of people who think they can outperform under estimate laws of large numbers, you might outperform for 1,3,5 years but over 30 years, benchmark likely to win)

Since 2021, I've more or less completely stopped buying specfic stocks unless a bluechip i like is heavyly oversold.

My fresh investments primarily go into debt when we are above 200dma and into ETFs when below 200dma, apart from periodic SIP type allocation into equity to maintain a ratio of approx 70:30 equity to debt over time

Passive sip? Niftybees junior bees

IT dipped a lot? Itbees

Some reason you really like govt companies?(you really shouldn't)- psubees

So on and so forth.

Life is simple now- if interest rates are attractive buy Gilt funds/gsec, else buy liquid funds/FDs, convert that debt into equity over time through a STP into ETFs, if market gets oversold, transfer some more debt into equity in small tranches (ensuring you have cash even if market falls 20-30%)

This way I don't have to worry about how the holdings portfolio is doing, can focus on the thing that gives me active income

PS- don't have much of a trade going on so sharing random thoughts on how I arrived at the approach that I currently follow for investing, started writing and kept going 😁

[Propanditdotin @Propandit2]

Bank Nifty Support is at 43850 and resistance is at 44370

#banknifty

[Propanditdotin @Propandit2]

Went long on #sxp/usdt 0.4373 with sl of 0.3778

#sxpusdt
#Crypto
#crypto

[Propanditdotin @Propandit2]

Crude oil- 5750 (-4.74%)

Natural gas - 189.4 (-3.02%)

Silver -71072 (-0.07%)

Gold - 60010 (0.86%)

Copper -710.8 (-0.49%)

#MCX
#mcxsnapshots

[Propanditdotin @Propandit2]

#nifty50 is at 18436 ,nxt resistance is at 18507

[Propanditdotin @Propandit2]

Nifty has broken opening hour range and is headed to 18420 , resistance for the day.

Nifty is at 18391 currently.

#nifty50

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

A SIP between 25 to 55 is Powerful:

- Travel, Explore Cuisines, Cultures. Don't Lock into Debt.
- After 60, you will not Relish most of the Stuff done in Youth

So don't Lose your Prime Stressing & Planning for Old Age alone.

Love. Laugh. Live!!!

#FI

[ANI @ANI]

Ministry of Finance to launch a special Rs 75 coin to commemorate the inauguration of the new Parliament building on 28th May.

[The Spectator Index @spectatorindex]

BREAKING: Germany's economy enters recession

[Elon Musk @elonmusk]

Congratulations Neuralink team!