Mock Account

Good morning everyone. My blog is celebrating its first weekly anniversary. Congratulation to "PaisaPortal".

Thinking aloud, I have decided to create a paper account (not the real one) to track what I have proposed in this blog. I have created a excel spreadsheet to track profit, stop loss strategy etc. Here are my basic rules to start with.

1. I do mostly technical analysis.
2. I look for stocks with support bounce or resistance breakout with huge volume
3. My total account value allocated for the stock is Rs 1 lakh.
4. I hold not more than 5 stocks in my account.
5. Maximum loss per stock should not exceed Rs 2000.
6. Profit strategy : I sell 50% of my stock holding when my profit reaches Rs 2000 and move my stop to breakeven (i.e adjust my stop price to original purchase price)

My goal is to take all of you on this investment journey. I am not here to prove that I will be always right and profitable. But what I can guarantee that I can control my loss.

I will be posting an update of my portfolio every week.

Mahadevan.L