Answers to Readers Queries

1. One of the readers has asked for the best online trading platform and I can recommend for reading my article forBest Online Trading Sites and decide accordingly.

sandeep: Is there any way that I can keep track of my favourite stocks only not the whole clutter. How I can...

2. Dear Sandeep, You can keep track of the favourite stocks by creating a watch list in online platforms like ICICIDIRECT.COM and one can create a special screen of the watchful stocks in India bulls. It has a normal version which is free with the account and in that one can store 30 stocks and its powerbull software allows one to create multiple screens and each screen can store upto 100 stocks.

vinaykant guleria: sir i have scripts like ongc, infosys, l&t, petronet lng, gmr infra, pantaloon, balrampur chini, sou..

3. Dear Vinaykant guleria you have listed a number of stocks and to me you looked like a mutual fund. Hats off if you are holding a sizeable chunk of the good quality stocks. My idea of booking profit is that one must remember that he cannot book profit at market top. So be ready to lose atleast 10% of profit and you will be able to ride the uptrend without selling profit making investments. For eg you have 'X' stock which has achieved a 52 week high of 200 than 105 of 200 stands at 20; thus be ready to sell the stock ruthlessly whenever the stock breaks (200-20=180. Thus 180 is
the level where one must sell at the time moment it breaks 179.9 and for this one can place a stop less sell order in the system and can keep on updating the same as per new high of the stock. Thus one will be able to get the best juice from the stock. By placing a stop loss sell order in the system one is able to keep his profit intact and need not even require to constantly stare at the market screen.

4. Prakash has requested for speeding up the Email Delivery and I have taken up the case with service provider FeedBlitz and hope to see it resolved soon.