Say a blue chip scrip is priced at 1000/- as these days blue chips are heavily priced.
1.Buy 10@1000
2.Buy 10@900(as per Murphy law scrip you will buy will fall and the scrip you sell will rise).
3.Buy 20@800 and trade it at 900,if it bounces up due to technical bounce.
4.Wait and buy again 20 shares near 800.
5.Buy 40 shares around 700 and sell all these shares around 750-800 levels.
6.It will be atleast 22 sessions by the time the strategy has been executed and the cost of your 80 shares approx will be below the present market price.
7.Strategy works if you have the faith in the fundamentals of the company and ensure to sell it above 1000/- only.Till the time this doesnot happen keep trading as per the strategy given above and keep earning profit.
1.Buy 10@1000
2.Buy 10@900(as per Murphy law scrip you will buy will fall and the scrip you sell will rise).
3.Buy 20@800 and trade it at 900,if it bounces up due to technical bounce.
4.Wait and buy again 20 shares near 800.
5.Buy 40 shares around 700 and sell all these shares around 750-800 levels.
6.It will be atleast 22 sessions by the time the strategy has been executed and the cost of your 80 shares approx will be below the present market price.
7.Strategy works if you have the faith in the fundamentals of the company and ensure to sell it above 1000/- only.Till the time this doesnot happen keep trading as per the strategy given above and keep earning profit.
