Day Trading Stocks & Futures

[siddhant4u]

Bauat din baad ? kuch din phele nifty crashed 250 points in a day. us din kya kar rahe the .

woh yo Ravi bhai, raat gayee baat gayee samajh bhul jate hai...

 

[Riskyman]

us din mein ek stock mein long tha

Baja aaj Auto right?

 

[sridhga]

since last couple of days following article keep propping up over internet on PR sites. Although company in question is Bajaj Finserv, words used such as 'without collateral' or 'guarantor' are not good way to do business.

View attachment 36031

Just was curious and checked their website. I think it was just advertising and their approvals may not happen as often as we imagine. 35 lacs loan to a practicing CA and 2 crs loan to a doctor is way too much to ask for.

Why does a professional (CA, Lawyer etc. ) require a loan? Doctors may need to buy some equipment but I still feel 2 Crs is on the higher side.

A professional typically saves 50 to 60% of his revenue as profit. With this profit margin one should not be taking a loan. Even if the revenue is lower, the professional should look at ways of increasing it.

A professional does not really need such a loan. Business investment is generally next to none. Office equipment, professional books and subscriptions etc. Most of this is working capital stuff. Even Mudra loans are sufficient.
If a professional is loaded with business/personal loan, he cannot work peacefully. He should buy his capital items except for office property (real estate property for office) from his savings. I bought my own office space. While finalising the pay to the builder, I took a gold loan. I repaid that gold loan in less than a year with the proceeds of another property that I sold.

If a professional takes upon him such a huge loan I dont know what to say.

Maybe its just me.

Now looking at it from another side, I wonder if Bajaj Finserve is prudent in giving such loans. I dont know about their other loan portolio.
I also dont know about their bad debts.
I am not sure that they are chased by RBI the way banks are.
Once personal bankruptcy law becomes active in India, I expect more skeletons to roll out from the cupboard.

I would be careful not to buy bonds from such NBFCs.


If you owe a bank Rs. 2 Crores, you are in trouble. If you owe the bank Rs. 2000 Crores, then the bank is in trouble.

 

[john302928]

it was at 579/80 when you posted now 585 , only 1% up, no ?
I bought it at 580 , upto then there were no red candles in its upmove , it moved to 581.85 and then 3 consecutive red candles till 576
I gone to pray mode then it moved up over 580 again , I put TSL at cost 580. it moved to 582.50 then came back to hit my TSL . so total zero profit

View attachment 36154

@TraderRavi I would like to know on what basis you bought. do you make trades just based on candlesticks alone or you do some other kind of analysis. Please throw some light. thanks

 

[Riskyman]

@TraderRavi I would like to know on what basis you bought. do you make trades just based on candlesticks alone or you do some other kind of analysis. Please throw some light. thanks

Ill explain. It is not that @TraderRavi bhai buys stocks that are going up. Ravi bhai buys and then the Stocks go up i.e candlesticks form after his entry. Ravi bhai doesnt do any analysis. The market does analysis of what he is buying/selling.

 

[moneymanager1980]

infy ADR in pre mkt .. 5% up

 

[iwillwin]

@TraderRavi I would like to know on what basis you bought. do you make trades just based on candlesticks alone or you do some other kind of analysis. Please throw some light. thanks

On lossa day Ravi Bhai may throw a torch light instead....

 

[john302928]

There is a huge probability for 40-60 points spike in crude today once it breaks above 4148.

 

[TraderRavi]

@TraderRavi I would like to know on what basis you bought. do you make trades just based on candlesticks alone or you do some other kind of analysis. Please throw some light. thanks

travi bhai posted mcdowell making big upmove. when I saw the chart it was already 2% up around 578 . upmove started around 562. I decided after seeing chart that if it breaks over psychological number 580 then I will buy with candle low as SL.

 

[TraderRavi]

I make between 2 k to 5 k in a day including both scalping and small intraday trades. Some days I don't trade at all. Cash in ac in never more than 1.5 lakh as I place payouts of profits.

% of returns on 1 or 1.5 lakh options capital is huge. on a average more than 30% monthly. But at the same time, I cannot replicate the result by deploying more capital. I tried and burnt the ac couple of times.
At the same time, am making money conformably when I trade with 1 lakh capital in ac by using 10 to 30 k per trade.

what you think are the reasons that you are so much profitable but not able to scale up ?