Day Trading Stocks & Futures

[lemondew]

Fruit vendor, carpenter, painters get it. Answers your risk and employment generator

bhai, these announcements are made in crisis situation where technically a business is a multi-person entity in a supply-chain type system. There are employees to be supported etc

Even then, on paper Govt announced such policies but when you actually go and claim, there is an entire process. In short, what i want to say is, there is no blanket guarantee of loan getting passed.
Just google Mudra loan rejected.
Past credit history, defaulters, high risk etc will surely be rejected.

Now Retail Trader( individual) is like domestic worker, they are not employment generators, they work and get paid. Unka haal migrant laborer se alag nahi hai.
So i want to understand how Retail individual trader ( forget the high risk category) is a business entity. Just bcos they file Business income as per ITR doesn't actually put them amongst RIL etc.

-- Irony of life is, who has some kind of collateral gets loan, who doesn't goes to the gallows. --

 

[against_tides]

1) Reliance or any other company needs loan to buy land, set up plant, to buy machines, employ workers then to buy raw materials and then production starts and by selling this they make profits. and repay their loans.

Next example

2) If you want to open a readymade garment shop, you need to buy a shop , refurnish it as per requirement, buy readymade garments from a wholesaler , employ one or two salesmens , then you make profits by selling these and repay your loans.

Now you go to SBI and say to branch manager , Sir I am a daytrader from TJ , wants Rs 10 lakh/20lakh loan to make moolah from stock market.
he will say bhai tujhe loan deke muje apni naukri gawani hai kya. maaf karo prabhu

If you are confident and honest..you just need margins..
But if you ar good trader..you don't want that too ...as you understand the exponential risks involved..

 

[lemondew]

Bhai sbi ka manager ko bologe main kela bejta hoon. Woh bhaga dega. Unhi logo ke liye hai ye....

Shayad ek trader se acha image uska hai then ur right trader sabse pichde varg mein hai

1) Reliance or any other company needs loan to buy land, set up plant, to buy machines, employ workers then to buy raw materials and then production starts and by selling this they make profits. and repay their loans.

Next example

2) If you want to open a readymade garment shop, you need to buy a shop , refurnish it as per requirement, buy readymade garments from a wholesaler , employ one or two salesmens , then you make profits by selling these and repay your loans.

Now you go to SBI and say to branch manager , Sir I am a daytrader from TJ , wants Rs 10 lakh/20lakh loan to make moolah from stock market.
he will say bhai tujhe loan deke muje apni naukri gawani hai kya. maaf karo prabhu

 

[lemondew]

activities that can be covered under MUDRA loans:
1) Transport Vehicle
Purchase of transport vehicles for transportation of goods and passengers such as auto rickshaws, small goods transport vehicles, 3 wheelers, e-rickshaws, taxis, etc. Tractors/Tractor Trolleys/Power Tillers used only for commercial purposes are also eligible for assistance under PMMY. Two Wheelers used for commercial purposes are also eligible for coverage under PMMY.
2) Community, Social & Personal Service Activities
Salons, beauty parlours, gymnasium, boutiques, tailoring shops, dry cleaning, cycle and motorcycle repair shops, DTP and Photocopying Facilities, Medicine Shops, Courier Agents, etc.
3) Food Products Sector
Activities such as papad making, achaar making, jam/jelly making, agricultural produce preservation at rural level, sweet shops, small service food stalls and day to day catering / canteen services, cold chain vehicles, cold storages, ice making units, ice cream making units, biscuit, bread and bun making, etc.
4) Textile Products Sector / Activity
Handloom, powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work, traditional dyeing and printing, apparel design, knitting, cotton ginning, computerized embroidery, stitching and other textile non garment products such as bags, vehicle accessories, furnishing accessories, etc.
5) Business loans for Traders and Shopkeepers
Financial support for on lending to individuals for running their shops / trading & business activities / service enterprises and non-farm income generating activities with beneficiary loan size of up to 10 lakh per enterprise / borrower.
6) Equipment Finance Scheme for Micro Units
Setting up micro enterprises by purchasing necessary machinery / equipments with per beneficiary loan size of upto 10 lakh.
7) Activities allied to agriculture
'Activities allied to agriculture', e.g. pisciculture, bee keeping, poultry, livestock-rearing, grading, sorting, aggregation agro industries, diary, fishery, agri-clinics and agribusiness centres, food & agro-processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells) and services supporting these, which promote livelihood or are income generating shall be eligible for coverage under PMMY in 2016-17.

 

[Dr. Jan Itor]

and @Dr. Jan Itor also,

what's your take on transferring more cash directly to people, India already transferred cash to Jan Dhan accounts, etc., do we need to transfer more cash? RG is of opinion, yes.

I think the more pertinent question to ask is "can we". Because unless the answer to that is yes, there is no point asking "do we" . You'll find a hint to that answer in a surprisingly candid interview of Fin. Sec. Subhash Garg and equally forthright interview of Chidambaram ji - both dated post-budget but long before covid crisis.
As far as Rahul ji is concerned, he can say what pleases him from the responsibility-free comfort of the opposition. The brunt has to borne by Modi ji.

 

[lemondew]

Not at all suggesting a trader should start with a loan. Bhai 2 years of consistent track record after taking over 1000 trades on a single or set of systems. Consistently making money using same process and then one can consider it provided he wants to avoid overleveraging.

The only reason one may choose to take a loan is to me ironically to reduce leverage and avoid larger drawdown

 

[siddhant4u]

Motabhai (and in turn nifty) will not fall until 3rd June


https://www.livemint.com/companies/...s-issue-to-open-on-20-may-11589603174152.html

 

[travi]

Fruit vendor, carpenter, painters get it. Answers your risk and employment generator

Haan Bhai, they're all part of supply chain.
See watchmen, maid, house keeping, cooks, nannies, drivers, labourers etc aren't.

Trader is speculator, even investor isn't on the list. No part of supply chain.

From Tapatalk

 

[AJK]

Bhai sbi ka manager ko bologe main kela bejta hoon. Woh bhaga dega. Unhi logo ke liye hai ye....

Shayad ek trader se acha image uska hai then ur right trader sabse pichde varg mein hai

actually if your credit score is good, banks and fintechs would give PAPL -preapproved personal loan for urgent needs..provided you have PAN card. i've got once from SBI, and after closing it, they gave a better offer again... my credit score is so far good, maybe that's why.

 

[AJK]

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