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ICICI Bank Book Profits


Note: Part of email sent to my subscribers on 09-Oct-2015. If you want to receive such newsletters please subscribe at the end of this post.

On September 4, 2015 I had recommended to buy ICICI Bank shares. On that day the share was trading at 256.

You can read the email by clicking here.

In that email I had said, “If you have free cash you can buy ICICI Bank equity shares in cash for a quick 10-15% return probably in 2-3 months.”

Right now ICICI bank is trading at around 285.

This is a return of 11.32% in just 35 days. 🙂

If you listened to my advice and bought the stock, please sell and book your profits.

11.32% return in about a month is a great return.

Hell, I made some more profits here. 🙂

Why I Did Not Buy Options of ICICI Bank?

That is because my view was bullish but I had no idea when the target will be hit. Like I said in that email my view was that it will take about a couple of months or more to hit that target. Now if I buy options and the stock does not move for a month then I lose all premium paid for the stock. Mind it ATM (at the money) options on stocks are very costly. I did not check but it must be close to Rs. 20,000 for one lot. So what happens is my view is correct but I still lose 20k – that’s pretty bad. It is no good situation to be in. I mean your view is correct but you still end up making a loss. If my view is correct I should be able to make money – it does not matter to me from where the money comes. For me a profit is a profit – it does not matter it comes from stock buying or option & future trading.

Why I Did Not Buy Futures of ICICI Bank?

Agreed had I bought Futures my profits would had been much more, but again it was not an option. Today if the stock was at 200 – I would have been sitting at a huge loss. This is something I really hate. I am OK with a small loss but I will never take a trade that can make a huge loss. Yes I could have hedged my Future trade by buying a Future and buying a Put as well – but again that would mean that the trade will finish on the expiry day of September 2015. I will have to take profit or loss on that day whatever it is. Since my view was that the stock will take at least 2 months to reach there – my trading plan and risk management was not allowing me to trade Futures even with hedging.

It is a totally different thing that the stock hit the target in one month. But I don’t look at it that way. I know I could have been wrong – and on something that’s very predictable I do not want to lose money there. I am willing to wait for my profits. Also I can be wrong next time. So I will trade only what is the best possible trade there. I will not force myself to trade options or futures or cash. I will take my view, and plan accordingly without any bias towards the instrument I am going to trade.

It is my money after all and I will trade what is the best possible trade for me at that time.

I am now looking to hedge my mutual funds profits here through options, as I have decided on a 10% return, I cannot let go a 6% return which it is currently at right now.

If I do a trade will surely inform you.

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{ 4 comments… add one }
  • Adesh kumar October 28, 2015, 9:15 pm

    Dilip,
    Hello nice article. But how come ur articles are seen after event has taken place before that they are no where.. ? I mean i can write articles in back dates on my blog..!! Hope that is not the case because this very article was not present 2 days back on ur site and suddenly when both AXIS and ICICI fell today..suddenly it appeared in back date?

    • Dilip Shaw October 29, 2015, 1:13 pm

      Adesh,

      Good question. 🙂

      For me my newsletter subscribers come first. Some of them are my paid subscribers and some, actually most, are not. But I don’t care. I have their interest more in mind than a new visitor to my blog. Moreover someone who visits my blog just now does not know me nor does believe in me. But gradually they sign up.

      If I find an investment that can make money for my subscribers – I FIRST send them a newsletter immediately. Then later I update it in my site. The information was sent and my job was done – that is it. I can always update that info later in my site.

      Sometimes is takes weeks to update as I don’t have a team or time. I am a one man army doing all jobs – writing for this site, answering comments, email/phone/whatsapp replies of my customers and my own trades. Hey did I mention that I have a job too. 🙂

      Like today morning also I sent an email – but I will update later. However I will adjust today’s date as the info was sent today itself.

      A new visitor does not care. The old ones get the information if they subscribed.

      Hope that clears the confusion.

      Thanks.

  • marina s rao April 2, 2016, 9:33 pm

    Dilip ji,

    Namasthe.

    Learning points from this post :

    I will trade only what is the best possible trade there

    It is my money after all and I will trade what is the best possible trade for me.

    Plz correct the following line :

    In the para headed ‘ Why I did not buy options of ICICI Bank ‘ :

    I mean your view is current but you still end up making a loss.

    as

    I mean your view is correct but you still end up making a loss.

    ThanQ.

    M S Rao

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