At what price should i sell patni computers ,,bombay stock exchange?

purchased patni computers 100 shares @ Rs 435

curent price Rs 400

what price should i sell patni at ??

should i hold, wait or exit

At what price should i sell patni computers ,,bombay stock exchange?network security

You are making the mistake that most amateurs make. Okay, you lost Rs 35 per share or Rs 3500 for a single block. Here is where you must begin to learn. First, of all, losing money is part of the game. The mistake you made is going into the trade without a plan. Second, now that that trade is bad and you have no plan, you haven't the first clue on what to do. Am I right?

A professional never gets into his trade without a plan. When you bought Patni, did you set a stop loss order? I would guess "No". A professional would have decided what the maximum loss they're willing to take is and then place a stop loss order. For example, if you had planned out your trade, you might have said, "Okay, I'm going to buy Patni at 435, but the maximum loss I'm willing to take it Rs 2000", so you would have set a stop loss order at Rs 415 (Rs 20 times 100 shares = Rs 2000 loss, thus Rs 20 from Rs 435 would give you a stop loss price of Rs 415).

When Patni reached Rs 415, the stop loss order would have taken effect and you'd be out. Yes, you would have lost money, but that's the game. You will win and you will lose. The difference is that an amateur gets in without a plan on what to do if losses occur and what their maximum loss will be. A pro knows all of that even before he picks up the phone to call his broker.