Absolute Beginner Guide.

[Newbie Day-Trader]

Thanks for your valuable suggestion, I understood, what u meant to say. I am the one who has to decide :annoyed:. Sorry for keep on disturbing, but reply according to your convenience.
Can you please suggest some good Indian site for paper trading? I have been reading lots of stuff on net, but most of which are related to US stock market. So I want to read some stuff about Indian stock market, can you suggest some links or website regarding that. And one more thing, I know the overview of what is trading strategies, but can please explain it bit more .

Take your time for replyin
Thanks for you time and patience

Sorry but I'm a commodities-trader, NOT much of a stock-trader so I don't know of any such websites.......but you can google metatrader 4..... it's a top-quality international terminal, I think it has about 10-15 top Indian companies' scrips (along with commodities & currencies as well) & plenty of technical tools for anyone who wants to learn them.....it's a demo.....if one account expires then create a new one.......look, if you can trade technicals on one instrument then there's no reason you can't do the same on another instrument......so try to see if you like that software & how well you do there, use the tools there with the help of the many threads on Traderji talking about technicals & see if you can make money there & when you've mustered enough self-belief & confidence (this is absolutely essential) then think about jumping into the real-world markets with some of your risk-capital & see how it goes :thumb:

If you wish to become a "value-investor" then you'll just have to learn to assess & spot newer &/or undervalued companies depending on their fundamentals, management & the things that they're producing & the long-term prospects, etc........I think I'd seen a thread somewhere on Traderji about how to pick undervalued stocks, etc so you can look around.

As for "trading-strategies", it's a very VAST topic.......but one thing to remember is that there's no "best" trading-strategy, a particular strategy may be best for one person but not for another depending on their mental-setups......bottomline is that it's the man (or woman) playing the strategy that matters........there's mention of enough strategies on Traderji itself as well as many more allover the Internet but the difficult thing is to find a strategy that'll SUIT & WORK FOR YOU......of course, as you paper-trade & observe the markets & learn from others' experiences here, may be you'll even be in a position to create your own unique trading-strategy that works well for you, which'll be the best thing & that's why I've been emphasizing so much on YOU

 

[Daniel249]

Hello
Quite often i see reports claiming rally is due to 'short covering", "fresh shorts are added" etc. My simple questions is short sell is supposed to be closed by the same day. Then how come fresh shorts are added & carried ? or is it for big guys?

 

[ghose]

Thanks for your advice. I have some queries as follows :
Recently I have joined with Sharekhan for doing day trading. I don't have sufficient knowledge on share market. Trying to understand from different sites.
I am using TradeTiger 2.1.0.0
1) Now, how to use stop loss ?
Say, I have bought ABC 20 shares at Rs 100 each
Now for Sale of above 20 shares
Disclosed Qty -- 0
Price -- 102 (My Target)
Tigger Price -- 98 (Stop Loss)
If I am not correct, then please tell me, how to use it.

2) From which option I can use Short Sell and how ?

3) Are they showing buy and sell signals anywhere ? If no then can you please suggest me any free software for this purpose.

Need your kind co-operation.

 

[Iconoclast]

Hello Senior Members,
I need your advice as how should I invest and secure my future. I need to share little information about me; I am 24 years old single, I am a software engineer, working at IT Company (MNC) and having an experience of 1.3 years. I save up to 12000 INR per month. As of now, to save tax, for financial year 2011-2012, I have done a tax saving FD of 15000 INR. I have 65000 INR in my saving account as of now.
So my question is, where should I invest and how should I split my saving and also which could help me save tax?
• Shall I go with MF then which MF is best for me?
• What about insurance?
• Shall I go with term plan or Life Insurance?
• Which company for insurance will be good for me?
• One of my senior colleagues suggested me that I should start buying equities, and continue it till the age of 30. But I don’t have much idea of which companies to go with.
• Shall I go for PPF also?

Hope some senior and experienced members will reply and help me. TIA.

Regards,
Iconoclast

 

[sknatani]

You should have a diversified portfolio.
suresh

 

[data_pradeep]

Hi,

Good Information dude for beginners.

 

[Iconoclast]

Hello Senior Members,
I need your advice as how should I invest and secure my future. I need to share little information about me; I am 24 years old single, I am a software engineer, working at IT Company (MNC) and having an experience of 1.3 years. I save up to 12000 INR per month. As of now, to save tax, for financial year 2011-2012, I have done a tax saving FD of 15000 INR. I have 65000 INR in my saving account as of now.
So my question is, where should I invest and how should I split my saving and also which could help me save tax?
Shall I go with MF then which MF is best for me?
What about insurance?
Shall I go with term plan or Life Insurance?
Which company for insurance will be good for me?
One of my senior colleagues suggested me that I should start buying equities, and continue it till the age of 30. But I dont have much idea of which companies to go with.
Shall I go for PPF also?

Hope some senior and experienced members will reply and help me. TIA.

Regards,
Iconoclast

If any senior member will try to help me, I would be very much thankful for your advise.

Regards,
Iconoclast

 

[ladder]

Re: .:|Absolute Beginner Guide for Day Trading|:.

thanks a lot

 

[baludalal]

My most sincere suggestion is not to invest in shares right now (considering your age and the extent of resources that you mentioned).
Please deposit in PSU Banks for 2-3 years term .PPF interest is not so attractive as Bank Deposits these days. But yet it is a tax saver to the extent of 70K invested.
Equity shares buying is recommended when 10% your yearly savings are affordable for 3-5 years in Long term holdings.
Trust this helps

 

[thelifecoder]

Re: General Guide to Day Trading

thank you, i am searching through the site..