Market Musings.. Stop Loss and such..

Hmm.. y'know the money-making ain't coming to me that easily nowadays.

Firstly 2 stocks that I've put big bucks in aren't showing returns.. firstly IKF. I bought it for their Biodiesel plans but it crashed from my buy price of 7.9 to 4.71. Yups. Big loss. No heart attacks about it or anything but I'm just too reluctant to sell it even now, in spite of it not looking positive.

Praj. Although I'm not in any loss this stock is simply not moving. However one can make a profit if one manages to buy it at 190/- as it has tremendous suport at that level and inevitably rises to 200/- or so the next day.

RIIL. It betrayed me :( Well although I'm not too worried about RIIL.. maybe I should be as it is in Lower Circuit for the past few days.

And that's the lesson for today, boys and girls. Maintain Stop Loss Prices. I can not get myself to do that as I buy with a target price in mind and I'm willing to take risks. But how long can you go on keeping a stock when there are other opportunities flying like gnats to all the frogs around you? Your money is effectively locked.