Diary of a day trader......

[Indianzz]

Sir/Madam
I/We have this day done by your order and on your account the following transactions.

Order No Trade No. Trade Time Security Buy/ Sale Qty Gross Rate Per Security Total Brokerage
2287881 6904763 13:04:33 POWER GRID CORP Buy 50 104.00 -5226.00 26.00
1073542 6848410 12:56:52 POWER GRID CORP Sale -75 104.90 7863.75 3.75
1734181 6449602 12:02:03 POWER GRID CORP Buy 50 103.00 -5152.50 2.50
1830213 6540340 12:15:30 POWER GRID CORP Sale -50 103.50 5172.50 2.50
1611221 6347657 11:48:05 POWER GRID CORP Sale -50 103.50 5172.50 2.50
1593559 6254864 11:36:30 POWER GRID CORP Sale -50 103.30 5162.50 2.50
1537276 6250759 11:35:59 POWER GRID CORP Buy 2 102.90 -205.90 0.10
1417796 6182128 11:27:46 POWER GRID CORP Sale -50 102.90 5142.50 2.50
975808 5788980 10:54:14 POWER GRID CORP Buy 75 104.40 -7833.75 3.75
576791 5618709 10:38:40 POWER GRID CORP Sale -75 104.40 7826.25 3.75
871754 5630450 10:39:28 POWER GRID CORP Buy 75 103.95 -7800.00 3.75
875601 5636638 10:39:57 POWER GRID CORP Sale -75 104.50 7833.75 3.75
886903 5664561 10:42:06 POWER GRID CORP Buy 75 104.30 -7826.25 3.75
916032 5699270 10:45:20 POWER GRID CORP Sale -75 104.90 7863.75 3.75
1292370 6092748 11:19:59 POWER GRID CORP Buy 50 102.50 -5127.50 2.50
1537276 6250796 11:36:00 POWER GRID CORP Buy 48 102.90 -4941.60 2.40
1602802 6266509 11:38:04 POWER GRID CORP Buy 50 103.00 -5152.50 2.50
296440 5178368 10:06:53 POWER GRID CORP Buy 50 103.40 -5172.50 2.50
304564 5228268 10:10:21 POWER GRID CORP Sale -50 103.90 5192.50 2.50
442865 5288912 10:14:15 POWER GRID CORP Buy 50 103.75 -5190.00 2.50
450165 5356631 10:19:31 POWER GRID CORP Sale -50 104.20 5207.50 2.50
572672 5378688 10:21:19 POWER GRID CORP Buy 75 103.90 -7796.25 3.75
2120305 6825340 12:54:49 REL NATURAL RESO LTD Sale -50 93.75 4685.00 2.50
2048704 6677312 12:36:15 REL NATURAL RESO LTD Buy 50 93.50 -4677.50 2.50
1504082 7466890 14:27:37 RPL Sale -55 172.40 9477.05 4.95
833810 5589076 10:36:56 RPL Buy 75 172.20 -12921.75 6.75
493617 5323657 10:17:00 RPL Buy 50 167.60 -8384.00 4.00
459558 5302665 10:15:21 RPL Buy 50 167.60 -8384.00 4.00
389565 5249414 10:11:39 RPL Buy 50 167.10 -8359.00 4.00
398212 5268520 10:12:49 RPL Sale -50 167.90 8391.00 4.00
468663 5310743 10:15:59 RPL Sale -50 167.95 8393.50 4.00
735085 5506249 10:31:10 RPL Buy 75 169.10 -12688.50 6.00
501764 5462627 10:28:11 RPL Sale -50 167.95 8393.50 4.00
752882 5517478 10:32:01 RPL Sale -75 169.80 12729.00 6.00
1044069 5770360 10:52:04 RPL Buy 75 172.25 -12925.50 6.75
837453 5741489 10:49:16 RPL Sale -75 172.80 12953.25 6.75
1489465 6172124 11:26:47 RPL Sale -20 168.00 3358.40 1.60


Service Tax of Brokerage Rs. 19.01
Transaction Charges Rs. 18.66
Net Amount Rs. -4984.47
Security Transaction Tax 39.00


now for the homework who just see the trades and never understand it, tell me WHY i have a negative net amount?

 

[ranj_2k]

Dear Indianzz,
I am actively trading since three years. Frankly, speaking I have never gained from day trading. My day trading transactions are also like you. After gaining in 3/4 trades got over confident and lost more than all my gains in 5/6th trades. I have gained a lot in F&O but lost more than my total gains. So can I conclude that one can never make money in day trading unless one take the delivery? What is your experience and would need your advise. I would not mind taking professional advise for my successful day trading.

 

[hari09omkar]

Frankly, speaking I have never gained from day trading. My day trading transactions are also like you...... So can I conclude that one can never make money in day trading unless one take the delivery?

With permission from you ranj,can I laugh?
ok...

 

[ranj_2k]

of course why not!!!!!!!!!!!

 

[Indianzz]

well i'll say the same thing again, i am a day trader, an agressive day trader, yet not a day trader.
you are right you cannot earn in day trading unless you are prepared to take delivery.
you see, as far as i can say, i know this thing: if i can chosse both my buy and sell without the effect of externet factors, that is brokerage/margin/payment/wife.
i will always earn!

i hope you would understand this .....

 

[ranj_2k]

With how much capital a trader should start and what is expected return. Do you trade in single stock or depending upon chart. How can you help me in successful day trader. I want to earn intially Rs.10,000 p.m. from day trading. How much capital I would require.

 

[newbee]

Service Tax of Brokerage Rs. 19.01
Transaction Charges Rs. 18.66
Net Amount Rs. -4984.47
Security Transaction Tax 39.00


now for the homework who just see the trades and never understand it, tell me WHY i have a negative net amount?

hmm delivery is not free

 

[hari09omkar]

you are right you cannot earn in day trading unless you are prepared to take delivery.

Indianzz,buddy,can you please explain this theory of "taking delivery" with a proper example so that I can understand what you are saying?
Actually I am not understanding this theory,like thousands others.Please explain.

 

[Indianzz]

Indianzz,buddy,can you please explain this theory of "taking delivery" with a proper example so that I can understand what you are saying?
Actually I am not understanding this theory,like thousands others.Please explain.

well mr hari0-omkar, taking delivery means purchasing the shares.

in a stock market, it's like this, you get shares from your brokerage firm and sell it for a profit. pay him back the amount you took and enjoy the profit.

taking delivery means you ACTUALLY buy the shares , and the shares get delivered to your demat account.

trading account : it's a account which is with your broker , it's liek a current account with no returns. and in the evening at market close IF YOU DO NOT SELL BECAUSE OF LOSS the shares get transferred to your demat account which is like a savings account, in which you can take shares any time and sell it for a profit.

main reason why day traders don't want to take delivery is this :

1.
brokerage is 10 times the normal trading that is normally one pays about 5 paisa per 100 to make the trade, and adding service tax and security transaction tax, that turns out to be about 14 paisa. but in delivery it's about 50 paisa single side, which totals to be 1.40 Rs per 100 bucks, so in delivery case it's liek you have to pay 1.40% just to break even.

still that is justified i will say because if you are losing 5% on a trade, it really does make sense to take delivery.

2. when you take the delivery , you block your capital for time being because, since you have the shares, you are in practical terms not incurring any expenses on it, and you can sell it when you wnat. - -- - for a profit, hopefully.
( it's not liek you cannot sell the shares for a week or some time, it's just that you have to pay the broker immedg., and thats a problem for most of the people, sinc ethey are usually workign on margins.( interest free credit provided by broker), and dont' really have capital of themselves..
that's about it.
hopefylly i have clairified,


Regards
IndianZZ

 

[Indianzz]

With how much capital a trader should start and what is expected return. Do you trade in single stock or depending upon chart. How can you help me in successful day trader. I want to earn intially Rs.10,000 p.m. from day trading. How much capital I would require.

well if i dont' count the one stupid trade i got, i'll say start with 50,000

that can give you 10,000 average per month, if u are smart and agressive enough...

( i used the word smart, not intelligent) smart people hire intelligent people to earn money for them! while they enjoy golf

well haven't had u seen the traded i did?
what does that tell you.

1. i only trade in shares which are worthy at any price you pay, theya re bound to recover it in a day or two.
i never deal in penny stocks, they are the sole reason stock markets get so much of bad name!

Regards

IndianZZ