Very painful. I am also holding 2 lots of cartrade and added little amount but overall 28% down š¢
147.6. DuckkyDuck| Link| Bookmark|
November 16, 2021 3:51:48 PM
Top Contributor (200+ Posts, 200+ Likes)
Its painful.. but you did the right thing, i think. Its not bad to cut out the loser and invest that amount to some good compny in uptrend. Watering losers and waiting them for to come is not always good decision i have experienced in market. Peter lynch said, averaging a losing script and book profit in script that gone up is like, watering the weeds and cutting out the trees which are giving fruits. I am also holding many losers and in past averaged them too. I loses both time and money. But now i am also cutting them out. It needs strength.
@krupa, Already holding enough quantity of CDSL, approx 10% of overall portfolio value. Started buying from 490 levels, adding on every dip.
147.9. lokes| Link| Bookmark|
November 16, 2021 4:43:57 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@GJ : Brave decision. @ducckyduck: rightly said, retail investors really need to focus on this, i also experienced this in investing journey but keep taking strict actions/decisions now.
Great bhai, I have been trying to sell my lots but himmat nahi hoti, i was foolish to sell devyani at profit of 2k/lot, i shoul have sold this crap Cartrade, now the loss is huge.
I too burned fingers on Burger pan at highest heat level it ever produced. Forgot actual amount but was around 20Kš„ Could not muster enough to see the portfolio down heavily at that time being new to stock market as well Buger King was new in stock Market. But now I have learnt to wait, SAIL is even bigger red now but since company has enough pile of steel and coal ...I think it will not run away šš.
147.14. ipo stonks| Link| Bookmark|
November 16, 2021 6:54:19 PM
Top Contributor (300+ Posts, 200+ Likes)
@GJ I still think CarTrade will recover, check itās shareholding pattern FPI own nearly 25% equity. Also, the results are amazing. They auctioned around 63000 cars in the September quarter. The loss is due to ESOP which will be there in the next 2 quarters also. Disclosure: I own good quantity of shares @ ipo price.
One day, it will recover for sure. I partly agree with you. But our moto is to earn some good profit, right? If that can be done with some other company also (in a comparatively short span of time). Then I don''t see any reason for being invested in this one. There are N numbers of companies with good business and growth, this was not the last company. Why take opportunity loss by being invested in a company like CarTrade. I hope you will agree with this too.
I can understand your thought process and mindset, I was there too in the initial days of my invetsment journey. Booked losses in some, now got habitual of these things.
Opportunity loss was observed with, Anuras, Aptus, BectorFood, AmiOrg, RolexRings, YesBank so sold them ALL.
I also thought of having 10, then 20, then 30% stop loss for CarTrade was hesitating in exiting as I also assumed it as good company. But with every day passing, new competitors were evolving, old were getting more active now Major shock was Ola, they are also actively entering into this field.
147.18. ipo stonks| Link| Bookmark|
November 16, 2021 8:02:52 PM
Top Contributor (300+ Posts, 200+ Likes)
@GJ 100% agree with you. Main motive is to earn profit. Opportunities should be taken into consideration.
147.19. Jetha Lal| Link| Bookmark|
November 16, 2021 8:28:08 PM
IPO Guru (1000+ Posts, 2100+ Likes)
@GJ time will tell about CarTrade. Hunt for stocks which can make 45% to recover capital lost in CarTrade. If you took decision considering Ola entering into this segment then i will put few points to bring your attention: (i) Ola is doing too many things like Cab aggregator, electric vehicles, now entering into 2nd hand car market. It looks like they can become like PayTm i.e Jack of all trade master of none. (ii) Senior management is putting paper and leaving company. They are alleging that Ola is moving from its core business.
One should study business model, industry growth, financial, management vision, shareholding pattern and price and volume analysis before making decision to keep or sell. If a person is taking decision being a trader then you are really late and lost considerable capital. If a person is taking decision being long term Investor then you really didn''t consider anything beyond GMP or subscription data before boarding the train.
Everyone is free to make decision for their money. I just put my perspective.
Same thing happened with CAMS, when everyone was selling, I was buying, though correct decision, I had heavily bought between 1200 to 1250, and sold 60% when it was above 1400, taking risk, buying again between 1100 to 1150, please don''t follow me, But I think, nothing wrong with company, yoy growth and numbers are still good, strictly advice to check money management and discuss with your financial advisor
147.21. GJ š| Link| Bookmark|
November 17, 2021 12:03:32 AM
IPO Mentor (1600+ Posts, 400+ Likes)
@Jetha Lal,
I am not denying the very fact that CarTrade MIGHT give good returns some day. I am just saying that I was not ready to wait more for that day. 2nd, didn''t took decision based on Ola entering in this business, in fact if you will check the date, that news is from before CarTrade. I just mentioned that as ONE OF THE REASON for my exit.
I was also positive about CarTrade that''s why invested, but sometimes things don''t go as expected brother.
@StockTerminator, Agreed, everyone should consider their risk appetite, do proper money management (and discuss financial advisor if any), before doing any financial transaction.
Hello HNI experts, I have never applied in HNI. I usually apply under Retail. Now I have funds for 38 lots. I request you good people to help me out here- 1. While applying in Netbanking under HNI, no cutoff box is there, so what price do I enter manually. For eg. In Tarsons, do I enter 662 (high bid)? 2. Since i can go for max 38 lots, should I apply only in Tarsons or in both in Tarsons and Go Fashion. How should I divide it? And Also Do i apply round figure lots like 10/20/30 or some unique figure? What really is concept behind it?
Thanks all for ur help. I am silent reader and your discussions help alot in understanding things.
1) Don''t select cutoff, just enter 662 2) Since u have funds for 40.lots, go for 35 lots or 40 lots in Tarson. Looks subscription will be 100X and u will have 40% chance. I think Go Fashion will be 300X and chance will be 13%
1) yes apply@662. 2) 38 lots is not big enough in HNI category for CONFIRMED allotment. Apply in retail category in Go fashion because the subscription will be much higher in Go fashion compared to Tarsons. You can apply for 38 lots in Tarson with 50% chances of allotment for expected oversubsciption of 80x.
First time using HDFC ASBA. After applying I didn''t get any message for amount blocking (Like SBI). Amount got blocked from account. Is my application successful? Anyway to verify?
@harit check at 2pm if HNI is over 100X don''t block your funds in 70 lots. Better go for 5 applications. B Cos RII got low subscription. Try luck with same no of applications in Go Fashion where HNI will be 500X applying HNI with 70 lots is worst than Retail because due to Funding problem Good HNI are crossing 500X+ easily. I think this has even gone beyond reach of normal genuine HNI applicants. I think we need to write SEBI to put a limit on HNI maximum application size and Restrict it to 2-5 CR application.
@confusing mkt Thanks , in tarson I have already submitted 4 app.in retail 1 kept waiting for hni additional. And Hni qta is not for us I believe Multi cr. Applicants will enjoy this privileged club. And also big players So Let it be Why? Bcoz they generate GMP for retail application If we stop to do them than there will be no charm left in ipo Suppose if Rakesh junjunvala want to apply then what? Do apply 1 cr to 5 cr application?
Hi Thanks for your response .Yes I could see the progress now. Please share some inputs on Allotment process as this is my first IPO ,would like to know the some guidance & knowledge on the same
Check at 2pm if HNI unless yr application is 3X of 2PM figures Better go for retail applications. B Cos RII got low subscription. Try luck with same no of applications in Go Fashion where HNI will be 500X applying HNI with small lots is worst than Retail because due to Funding problem Good HNI issues are crossing 500X+ easily. I think this has even gone beyond reach of normal genuine HNI applicants. I think we need to write SEBI to put a limit on HNI maximum application size and Restrict it to 2-5 CR application.
@sdz You seem to leaning towards Tarsons as per your post.
That means u will analyse and decide to apply in Tarsons but will end up applying in GoColours with FF š¤£
134.4. lokes| Link| Bookmark|
November 16, 2021 10:17:26 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@M.K: hahaha , same thing i informed him in other post ;) :) @sdz: just kidding bro ;)
134.5. sdz| Link| Bookmark|
November 16, 2021 10:49:19 PM
IPO Guru (1200+ Posts, 500+ Likes)
@MK/Lokes... Haha... I''ll surely apply in Tarsons as I''m sure it''ll not go 800x like Latent to give it a miss and also know that how GoColors will get huge subscription after Latent funds get unblocked.
Expecting Tarsons 100x & GoColors 300x Will decide how many lots tomorrow at 2.30pm š
Can we go with full force in tarsons ipo in retail category i.e I am having 13 diffrent accounts with different pan. And also funds to apply through all accounts. Will it be a risky bet? Anyone please advice.
130. R R Patel| Link| Bookmark|
November 16, 2021 8:31:08 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Tarsons snd Go Fashion both are must apply IPOs for listing gain as well as for medium to long term. Iām applying both the issues.