Wednesday, August 18, 2010

BOOK PROFIT ON VENUS UNIVERSAL LTD

In my 07.05.2010 buying list I buy Venus universal ltd @0.40 and to day 18.08.2010 book profit @0.51 total gain 27.5 %
So overall we book profit in 9 shares from 09.05.2010 (all profit taking is 25 % to 53 %) see past performance at
http://mypennyshare.blogspot.com/2010/08/past-profit-booking-of-this-blog-penny.html
please remember if you book profit in a penny share and it again enter in 20 share list with high price (mean you buy it @0.40 and book it @0.56 and it enter @0.52) then we do not buy it because in this situation we wait below 0.40 or 0.40 because re purchasing at higher price make your profit taking senseless.
SO I DID NOT BUY ANY PENNY SHARE IN LAST WEEK

6 comments:

Anonymous said...

Maheshji,

While calculating profit %, don't you think that we should consider the brokerage given while buying and selling the share? Also, the DP charges ranging between Rs10 - 15 per sell transaction from DP account depending upon the brokerage house with whom one is having DEMAT account should be subtracted from toal profit and then final profit percentage should be calculated.

Its not a complaint or comment, just sharing my view.

Thanks.

mahesh chander kaushik said...

Sir
I welcome your comments
This is the reason that I limit my minimum profit 25 %.
Because it is sufficient to book 20 % profit in short term (in large cap if Infosys run 3360 from 2800 then it is 20 % and it will take 1 year or more in large cap) and remain 5 % is for brokerages DP income tax your internet charges your light bill etc.
for example my minimum investment in a penny share is 1500 when you book 25 % profit it is 375 my DP icici direct charge 30 rupee in a side so both side trade charge 30+30=60 and I suppose 15 rupee for income tax, internet charge, light bill charge etc, so overall 5% profit 75 rupee deduct in various charge and remain 300 is absolutely free in my hand.
And can any other website or magazine deduct these charges, when they calculate profits? Remember "khatro ke khiladi" where they declare winner when there trader earn only 1-2 % profit in intraday if they use this formula then there winner is in 3 % loss

Anonymous said...

This week list of 20 lowest shares:

SANRAA 0.22
INDTRADECO 0.24
CALS REF LTD 0.33
FILMCITY MED 0.34
ELTROL LTD. 0.37
INTERFACE FN 0.38
PLATI CORP 0.38
ALKA INDIA 0.39
BAFFIN ENG. 0.4
SAGARPROD 0.4
SARANG CHEM. 0.4
KOA TOOL IN 0.42
BRIJLAXMI LE 0.46
WELLWORTH OV 0.46
TRITON CORP. 0.48
KANIKA INFO. 0.49
SILICON VAL. 0.54
SHEETAL BIO 0.55
SHIMOGA TECH 0.55
SYBLY INDS. 0.55

Pj

mahesh chander kaushik said...

thanks PJ sir ,but in this list these share are not in buying range
BRIJLAXMI LE 0.46
WELLWORTH OV 0.46
SHEETAL BIO 0.55
SHIMOGA TECH 0.55
SYBLY INDS. 0.55
i think right buying price for these is
BRIJLAXMI LE 0.40
WELLWORTH OV 0.40
SHEETAL BIO 0.48
SHIMOGA TECH 0.40
SYBLY INDS. 0.48
so this week no new penny share for fresh buying

Anonymous said...

Maheshji,

Regarding your this comment:

Remember "khatro ke khiladi" where they declare winner when there trader earn only 1-2 % profit in intraday if they use this formula then there winner is in 3 % loss


I would say, thats what makes you different from others.. being completely honest and making the people know the truth. Its just an advise to deduct these charges too while writing actual profits.


Pj

mahesh chander kaushik said...

i think i am completly honest in my profit calculation because no any other website or magazine or TV channal deduct these charges, when they calculate profits because brokarage and DP charge is different in various broking houses and deduction of broking and DP charge not possible in a flat rate.
however you may deduct flat 5% in my performance when you read past performance page of this blog.

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