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Happens all the time, but due to different reasons every time :-) For starters: 1) How close to real life trading is your backtesting? Did you factor in slippage, bid-ask spread, liquidity, taxes etc.? 2) How exactly are you doing backtesting in the first place? Backtesting design is a...

What exactly do you need? Please clarify.

You misunderstand me. I am far away from entering the PM business. For now I am just exploring and studying various avenues.

True, but it's nice to get some personal opinion/anecdotes too.

Do you know which ones?

Thanks for your comments. They make perfect sense to me. I did some research and it seems that registering as a PM with SEBI is a very expensive proposition - they want net worth to be at least 2 crores, plus 10lakhs for registration charges etc. Is this correct? Would it make sense to...

I am thinking of becoming a PM too eventually. Could you please summarize the information you have gathered on this topic so far? Thanks in advance.

Are there any processes I need to follow before I take money from my immediate and extended family, and trade on their behalf? Any licenses, tax liabilities, rules etc. I should be aware of? I was told that I will need a broker's license first before I trade someone else's money. Is it true...

Zerodha if you could reply to this also please.

Franchise is an interesting idea. Certainly will explore. Thanks a lot.

Thanks a lot for your advice. He has tried taking open school exams multiple times, but he bails out before the exams every time - he is much more allergic to exams than people usually are :-) For now he is set on doing business, and not any IT courses etc. He does make decent money (25k per...

This thread maybe a little off topic, but just wanted to try anyway since I have received amazing advice from TJ members on all topics :-) If you were starting a business as of today, which one would you start and why? I want to get some ideas for my 33yr old, unmarried cousin who is stuck in...

@Zerodha I noticed that when one places an order for purchase of large quantity of an equity, then this large order is instead filled as a sequence of small orders, which are then listed individually in the order book. This creates problems, since if the stop loss or target has to be changed, we...

Interesting. I was myself looking at several other books from the Taxman stable as a possible alternative. So I take it that it is not possible to get the material on the IT department's website?

Hi, I am interested in closely studying the various income tax rules/acts etc. Is there a way I could get printed copy of all of these? On the IT department's website (http://www.incometaxindia.gov.in/), these are under "TAX INFORMATION AND SERVICES" and "TAX LAWS AND RULES". In other words, I...

My question is from the point of view of intraday trading. When showing trading as a business, is there an upper limit on 'business expenses' that can be claimed towards tax exemption purposes? For example, the Zerodha Varsity page (http://zerodha.com/varsity/chapter/taxation-for-traders/) shows...

Please post your experiences. Thanks. PS: Is it fully automated or just semi-automated?

Which websites, newspapers, trade journals or whatever else do you follow to get a sense of the markets? Particularly from the point of view of day/swing trading.

Something weird happened. It turns out that the process of crediting the remaining 450 stocks to my account is though automatic, is going to take about 8-10 days. When I bought VGuard, it was at Rs.1700, which means that I spent Rs.85k. So now, I am left with 50 stocks that are worth only about...

CDSL Demat Account isn't showing the split yet. Zerodha is in fact showing that VGuard has lost 90% of its value :p Hoping that things are fine by tomorrow.