Day Trading Stocks & Futures

anup

Well-Known Member
re: Day trading Nifty & Banknifty Futures

One of my trader friends got a heart attack and after he was operated on and was stable, we few trader friends went to see him in the hospital. He is a delivery based trader, takes delivery of stocks with his own money and sells after it goes up never did any speculation. Very safe type trader.

One of us told him that he suffered heart attack because he does not trade F & O....he said " yar tu satta nahi karta is liye tera dil kamzor hai....feget all the medicines, start trading 1000 Nifty or 300 BNF and your heart will get used to all the shocks so much that you will never get heart attack.:D

Smart_trade
You could have advised him day trading with Mallya ka stock...Itna kick deta hai ki jindagi mein koi mental bimari paas nahin aayega
 

RAAMAKANT

Well-Known Member

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

One of my trader friends got a heart attack and after he was operated on and was stable, we few trader friends went to see him in the hospital. He is a delivery based trader, takes delivery of stocks with his own money and sells after it goes up never did any speculation. Very safe type trader.

One of us told him that he suffered heart attack because he does not trade F & O....he said " yar tu satta nahi karta is liye tera dil kamzor hai....ferget all the medicines, start trading 1000 Nifty or 300 BNF and your heart will get used to all the shocks so much that you will never get heart attack.:D

Smart_trade
yes yes exactly :lol:
 
re: Day trading Nifty & Banknifty Futures

One police officer from economic offence wing went to my trader friend to take help in solving a financial bungling case. The accused had lost huge money in speculation and the police guy was trying to understand how exactly it was done...he had got copies of brokers contract notes,ledgers but still he was lost in the trading part.

My friend explained him that he sold 25 contracts of Reliance.....the next question was where is Reliance ? He never has any Reliance, so how can he sell ? Is he selling others property ? that is another offence...so F& O was explained to him and he still was not convinced...he kept on saying " it is like someone selling Tajmahal of Agra without owning it...how can it be done...."

Later he accepted that short selling concept...but then said all that is fine but he lost so much money where is "muddemaal" or the stolen property so that he can produce that in the court as evidence something like chori ka maal....then my friend told him all these are speculative losses and there is no muddemaal.....it is all mark to market losses.....he found it very difficult to explain all the process....and police found it difficult to understand and believe.

Smart_trade
 

XUV-500

Well-Known Member
re: Day trading Nifty & Banknifty Futures

I was explaining some basic concept of trading to my colleague and suddenly he asked me a question " How can you sell withput buying ?"I answered in different method but still he is confused....Can anyone explain in layman language.....
Better explain him with daily need commodity ( like Onion).
Suppose today's mkt price of it is 60rs/kg. and ur friend jalota requires it on 31 st dec.He is of view that price will be 100 on that day.
And Anup got information of bumper crop coming to markets just before christmas....so Anup and Jalota go in agreement...........go on like this.
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Better explain him with daily need commodity ( like Onion).
Suppose today's mkt price of it is 60rs/kg. and ur friend jalota requires it on 31 st dec.He is of view that price will be 100 on that day.
And Anup got information of bumper crop coming to markets just before christmas....so Anup and Jalota go in agreement...........go on like this.
itna magazmari kyun re usse bolo trading a/c kholo khud jaan jao. :mad:
 

anup

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Better explain him with daily need commodity ( like Onion).
Suppose today's mkt price of it is 60rs/kg. and ur friend jalota requires it on 31 st dec.He is of view that price will be 100 on that day.
And Anup got information of bumper crop coming to markets just before christmas....so Anup and Jalota go in agreement...........go on like this.
Anup Jalota : I remember an incident ....When i was kid (Probably 4 years) , my uncle used to call me Anup jalota...I used to get very angry on all people who called me Anup Jalota...One day he was going to Hospital for dtomach ache...My mom was carryiing me on her shoulder...he called me jalota how are u....i suddenly gave him a kick due to which his pain became more....He still call me jalota....
 

jagankris

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Every body lamenting congress party,I also agree but they are being lamented badly on TV channels that should be lill controlled because what will happen that they will try and improve before LS election now no body wants them so they should not be lamented so much(On TV)
Are they going to bring down the inflation ?

Are they going to change the PETROL/Diesel price linking with the commodity markets ?

Are they going to correct the
A) spectrum scam ?
B) COAL Scam
C) Common wealth Game scam
D) Military Helicopter scam

Many others which I dont know :D

Are they going to change their stand on Srilanka for the killings of tamils even after several protests in TN.

Will they going to change their stand in AP - Telengana issue ?

Will they change the inefficient PM ?

Will they remove the 100 days minimum work scheme ?

They are already prepared for the defeat.
What they really want is a hung assembly so that the next govt shouldn't complete the next full 5 years term so that they can again play the Stability,Secularism blah blah and fool people again.
 

jagankris

Well-Known Member
re: Day trading Nifty & Banknifty Futures

One police officer from economic offence wing went to my trader friend to take help in solving a financial bungling case.
Smart_trade
This reminds me of what happened in 2005 to my friend opened a trading account with a sub broker.

The subbroker had a partner (not in records).
In the absence of the subbroker - his illegal partner sold 4 IFCI Deep ITM CE options at 10 Paise when the Share was trading around 18 rs I - dont remember exactly.My Friend incurred a debit of 3+ lakhs.

He filed a complaint in the police station and to the main broker who immediately took the issue with the exchange.Finally the transaction was declared as rogue transaction and my friend recovered his money.

But he had a tough time in explaining the same to the JUDGE who was asking what is option etc etc.
 

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