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  • Writer's pictureraytraceventures

Apollo Micro Systems on June 16, 2023

Updated: Jun 26, 2023


Rationale behind the trade

  1. Broke all time high of 37.60.

  2. Defense sector stocks are gaining good momentum.

  3. Foreign Investment Institutions and Mutual Funds have increased their holdings in Mar 23 quarter.

Risk Management

Took long position at its peak, did not let the price to give a pull back due to which the logical stop loss became big.


Screenshot of holdings from Zerodha


Mindset

Took the trade in FOMO. Idea was to buy it for long-term investment as it can be next multi-bagger may be 10x, 20x, 400x. In the first leg a very small amount of Rs. 20,000 was deployed with the idea to do pyramiding as the price keep moving forward.


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