Day Trading Stocks & Futures

[sridhga]

why does business take loans. Companies like reliance which can do without loans also take it why so.

Is it indirectly being conveyed "The reason why traders should avoid taking debt is its unreliable" while others businesses can take it.

May be you and others also who post it should explain.

As a trader, you are availing trade credit. Intra-day Margin trades, and Futures trades and selling options are examples of trade credit. In those cases, you are trading with your brokers money as well.

As far as Mudra loans are concerned, banks do not have any special cell for Mudra loans. They call them SME loans. In the back end the bank borrows under Mudra scheme against their SME advances that qualify. This is how the system works. So for getting a SME loan you need to fill the documentation and also provide a small project report. If the bank manager is convinced, he will forward the application to the processing office for his region and if it goes through, you will get the loan. You have to show your trading business IT returns, with Balance Sheet and all other documentation, and then show projections.

But the documentation is far less if your loan is for less than Rs. 50,000. No Project report required.

Please let us know if you plan to do this. We want to know if this works just out of academic interest.

 

[iwillwin]

yes, bid is for smart unlocking.
Looking at Russia and Brazil, both were stricter early on and some lapses have had them shoot up like crazy. We should not follow the same trajectory.

Russia will soon be no2 country in infections

 

[marimuthu13]

Another 21 lakhs crore stimulus package by USA..( 3 trillion USD)

But what they meant is real one..not like ours stimulus...

I hope this is going to trigger major second round of sell off in equity.

 

[travi]

Another 21 lakhs crore stimulus package by USA..( 3 trillion USD)

But what they meant is real one..not like ours stimulus...

I hope this is going to trigger major second round of sell off in equity.

We can't compare with US metodology.

i'm against the concept of Profits are private, losses are public
If you see the US system, that's how they've designed it post GD of 1930's.

That $3T is from QE / QE type programs and the $ is not just a currency, it's also a commodity.
We try that kind of stunt, and ppl will dump our assets and Fisc-Def will spiral out of hand.
US Debt has now piled up to $25T.

We're not sitting on printing machines, the best such Govts can do is give loans. Somebody some day has to pay it back else how will the hole get filled?

 

[TraderRavi]

Another 21 lakhs crore stimulus package by USA..( 3 trillion USD)

But what they meant is real one..not like ours stimulus...

I hope this is going to trigger major second round of sell off in equity.

this one is passes by house controlled by democrats. It will go to senate where republicans may not allow it. otherwise credit will go to democrats. same like cong-bjp politics

 

[siddhant4u]

After covid related economic mess is over, govt should stop free dole to recoup some losses. Kisan yojana is $10 billion free money each year. Instead work on farmer getting good returns on their crops (which is possible with recent announcements of selling crops to anyone and removing deflated price controls)

 

[marimuthu13]

this one is passes by house controlled by democrats. It will go to senate where republicans may not allow it. otherwise credit will go to democrats. same like cong-bjp politics

I thought this packages was approved by both houses...

 

[AJK]

IMO, no unlocking/relaxation in lockdown should be allowed, except for essential services.
Economy can wait for some more time.
On the contrary strict enforcement should be done or even mild type of 'internal emergency' should be declared. and strict action (no limit) for those who do not want to understand., creating ruckus and disturbances (of higher levels). Enough is enough now

If once situation of Corona, goes out of hand, nothing will work
We do not have unlimited medical resources (hospitals, equipments, doctors, nursing staff etc etc)

This should be the ideal solution, but we need to take care of people as well as their livelihood/economy.. there should have been national emergency till this crisis is over, but not everyone would comply it..

Around the globe oppositions are playing politics, i think this is not the right time for it.. this is a time for collective efforts to help people and country survive this situation, if they really want it.. time is for strong leadership to help people, not to weaken the existing hopes and plans... No one can imagine the worst crisis this common enemy may bring.. maybe the people and families of oppositions also.. everyone are mere humans, and the virus is the enemy.

 

[Raj232]

Another 21 lakhs crore stimulus package by USA..( 3 trillion USD)

But what they meant is real one..not like ours stimulus...

I hope this is going to trigger major second round of sell off in equity.

3 trillion USD converted into Indian Rupees is = 225 Lakh Crore ..

hardly 10 times Indian stimulus. The currency itself is 1USD = 75 INR so it should have been at least 7 times bigger to be at par with India.

 

[siddhant4u]

3 trillion USD converted into Indian Rupees is = 225 Lakh Crore ..

hardly 10 times Indian stimulus. The currency itself is 1USD = 75 INR so it should have been at least 7 times bigger to be at par with India.

If you look at Indian package its 1 trillion rs and not 21 trillion. Rest is already budgeted in feb or are just liquidity measures.

US ones talks about direct transfer of cash, 1 trillion to states, essential worker hazard pay etc