#Spotted - Jan 17 Week 2

#Spotted is a weekly round up on trades taken during the week based on the strategies I share in the Strategies section.

I share trades that I took, both successes and failures.

These are all only for you to get an idea on what I did and what you could do as well.

Please do not blindly copy me since these are old trades and represent a missed opportunity.

Instead learn the strategies and try and identify trades on your own. It's easy.

(Click here to learn the strategies I have shared.)

One word for this week? Awesome!

I mean 2018 has been a great start for trading!

This week onward I'll share trades taken on the two strategies explained so far, The MACD and 20 day Moving Average.

I'll indicate strategy used in brackets.

This week I too the following trades:

Here's the trades in detail:

Coal India:

This was a mega trade!

Buy indiactor on 5th Jan

Buy on 8th Jan at Rs. 280

Sell on 10th Jan at Rs. 308

Profit of Rs. 28 per share (10%) in 2 days.

HDFC:

Buy indicator on 5th Jan

Buy on 8th Jan at 1733

Target : 1802

Stop Loss : 1699

(Not yet sold.)

PowerGrid

This was a loss trade and I deserved it.

I did not stick to the strategy.

We were supposed to buy only if price closed above 20 Day MA line.

I was impatient an bought before.

So I made a loss

Buy: Rs. 202.00

Sell: Rs. 198.10

Loss Rs. 4 per share

The other two trades, Ultratech and TCS were sold at their targets. So you can see those by yourself.

I have taken another long term trade based on MACD in a certain stock as an experiment.

Will update how it goes once it's completed.

That's all for this week's #Spotted update.

You can find all updates here: #Spotted

You can ask me your questions and give me feedback in the Contact Section.

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Stay tuned to find out if the whole of January continues the profit streak!

Please note 'Simple Trading' is an educational website and not for investment advisory services.

Do not take trades just because I spoke about a stock, take trades only when you understand the strategy because the risk is solely yours.

You must know that trading involves risks and no strategy is 100% right. Losses are possible and expected.