Diary of a day trader......

[hari09omkar]

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

I am misunderstanding other's posts and now it's turn of my post!
Well today is not my day it seems.
May be some planet is there(Rahu??) above my head.
Anyways,dear Indianzz,I didn't want to know about the process of delivery of shares.Rather,I want to know that what theory provoked you to write "you are right you cannot earn in day trading unless you are prepared to take delivery".(post no.55)
In other words,why a daytrader can't earn without taking delivery?

 

[Indianzz]

oops! lolz
sorry about that.

anyways, the reason why i said that a day trade cannot earn by day trading is because, he ""has"" to sell every thing in the evening regardless of wheter he is making a profit or loss.

second you WILL lose, make no mistakes about it, the questions is if you are prepared to take losses? earning is hard enough, i don't wnat to be playing to lose!
price of the share will rise slowly, and the person will gain small, then he will get over confident ( greed) and then he will lose some, but he will not sell it because of HOPE that the price of share will go back.

like i said, in case of stocks, it's the mind and emotions of the trader that will put him to trouble ..

moreever if u are thinking about stop losees then see this scenario, a price of the stock is 100 you buy 100
then the price of the stock go at 110, you do not sell thinking that price will go up, technical analyst has told you so! then the stock goes at 115, you are happy, technical analyst was right afterall, then the stock crashes, and comes at 95, you do not sell, you are making a loss of 500, and stock will recovver teh price after all.
tehn stock goes to 97, you are happy your losses are being recoved afterall...
then well it's 3.30.

time to pay broker 314 Rs and go home! coz u didn't had the money to take delivery!

adn remember , contrary to what a human mind says, extreme volatility is NOT your friend, i rather have volumers, lot's of it with a small price range movement. so tha ti can earn adn that's risk free.... coz o fa simple logic, it's much easier to gain 1 rupee in stock price than for a stock to recover 10!. hope that' of some use to ppl.....

hope this will clarify a lot of things.


regards
IndianZZ

 

[hari09omkar]

hope this will clarify a lot of things.

Before telling anything on this issue,please answer these questions,dear Indianzz:
1.What is the strategy(ies) u use to take a trade.Means while taking a trade,do u rely on technical analysis of yourself or any others,or fundamental news flow or any other process? In other words,what is the reason behind going for a long or short position?
2.Who is your data vendor and which software do u use to analyse?

 

[Indianzz]

that is the point.
there is no strategy of me,
i merely rely on simple plain " bania " logic.
i purchase a share, that is fairly valued, is low volatility and high volume ( denoting that the share is fairly valued)

then i simply wait for it to go up, and if it does not go up or goes down, i take delivery.

i am using a operator based terminal. using iodin software.

an operator based system is better than a terminal because, at least for me, since he is usually an employee who does not has much to gain or lose from your gain or loss, can advise you form a neutral point of view.: ( like i have said a million times, only enemy in stock market is YOURSELF , not anyone else)

i never see any charts or any technical analysis or anything,

i don't know much, but i have noticed one thing, all the so called analysis tell you one thing : buy , but after you buy they tell you that the market is over valued and you should cut your losses and get out, before it's too late...

so i never enter in the world of so called technicals, and merely stick to the basis of " bania " philosophy, buy cheap tha thas some value, and sell it when the price is high: all other mumbo jumbo is just plainly designed to do one thing, take your money from you!!!

but then i might be wrong, since there are so many people who are better experienced than me, and making more percentage money than me ( ? )

regards

IndianZZ.


answer to your pm:

dude i won't do that
why : coz remember, you are responsible for your money, not me or anyone else." you gain, its YOUR GAIN, you lose , it's YOUR LOSS .

and why do u want to give resposibility for your trade to someone else, who may or may not be able to do something with yoru trade.?

and i trust myself with my own money, i am not good with other's money, and i do not intent to start now..

Regards
IndianZZ

 

[hari09omkar]

that is the point.
there is no strategy of me,
i merely rely on simple plain logic.
i purchase a share, that is fairly valued, is low volatility and high volume ( denoting that the share is fairly valued)

then i simply wait for it to go up, and if it does not go up or goes down, i take delivery.

i am using a operator based terminal. using iodin software.

i never see any charts or any technical analysis or anything,

i don't know much, but i have noticed one thing, all the so called analysis tell you one thing : buy , but after you buy they tell you that the market is over valued and you should cut your losses and get out, before it's too late...

so i never enter in the world of so called technicals, and merely stick to the basis of " bania " philosophy, buy cheap tha thas some value, and sell it when the price is high: all other mumbo jumbo is just plainly designed to do one thing, take your money from you!!!

but then i might be wrong, since there are so many people who are better experienced than me, and making more percentage money than me ( ? )

regards

IndianZZ.

Start learning before earning.
Get a free software available in the internet,import data to it available in this forum.....Now get the book of John Murphy called:'Technical analysis of the financial markets'.....Now go to this thread:
http://www.traderji.com/trading-technicals/6072-teach-man-fish.html
And then start taking short term delivery swing trades of 10 to 15 days.
Now come back here and start your second journey of learning.
Learn hard.
Till then don't day trade.
You are going nowhere and if anyone will follow you can't take benifit of your journey,which has not begun yet.
But you can do it.As what I wrote is very simple to do.
Wish you all the best.

 

[pkjha30]

that is the point.
there is no strategy of me,
i merely rely on simple plain " bania " logic.
i purchase a share, that is fairly valued, is low volatility and high volume ( denoting that the share is fairly valued)

then i simply wait for it to go up, and if it does not go up or goes down, i take delivery.

i am using a operator based terminal. using iodin software.

an operator based system is better than a terminal because, at least for me, since he is usually an employee who does not has much to gain or lose from your gain or loss, can advise you form a neutral point of view.: ( like i have said a million times, only enemy in stock market is YOURSELF , not anyone else)

i never see any charts or any technical analysis or anything,

i don't know much, but i have noticed one thing, all the so called analysis tell you one thing : buy , but after you buy they tell you that the market is over valued and you should cut your losses and get out, before it's too late...

so i never enter in the world of so called technicals, and merely stick to the basis of " bania " philosophy, buy cheap tha thas some value, and sell it when the price is high: all other mumbo jumbo is just plainly designed to do one thing, take your money from you!!!

but then i might be wrong, since there are so many people who are better experienced than me, and making more percentage money than me ( ? )

regards

IndianZZ.


answer to your pm:

dude i won't do that
why : coz remember, you are responsible for your money, not me or anyone else." you gain, its YOUR GAIN, you lose , it's YOUR LOSS .

and why do u want to give resposibility for your trade to someone else, who may or may not be able to do something with yoru trade.?

and i trust myself with my own money, i am not good with other's money, and i do not intent to start now..

Regards
IndianZZ

Well said

pankaj

 

[hari09omkar]

answer to your pm:

dude i won't do that

I never sent pm to you!!!

 

[Indianzz]

I never sent pm to you!!!

well that paticular part of the message was not for you, it was for someone who set me a message asking me for something, so i merely answered his question, nothing more hari09omkar.

Regards
IndianZZ

 

[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 Total
3160737 7929333 14:43:55 POWER GRID CORP Buy 30 114.75 -3459.60 17.10
3145319 7909133 14:42:13 POWER GRID CORP Sale -30 115.30 3457.20 1.80
2709704 7898245 14:41:05 POWER GRID CORP Buy 30 114.75 -3459.60 17.10
2708074 7748301 14:29:01 POWER GRID CORP Buy 30 116.00 -3497.40 17.40
2818040 7568937 14:11:15 POWER GRID CORP Buy 30 116.90 -3508.80 1.80
877658 5780399 10:51:45 POWER GRID CORP Buy 75 116.50 -8742.00 4.50
735883 5574308 10:33:29 POWER GRID CORP Buy 75 116.70 -8757.00 4.50
207518 5289244 10:12:18 POWER GRID CORP Buy 75 116.10 -8712.00 4.50
81118 5064463 09:58:48 POWER GRID CORP Buy 20 114.10 -2283.20 1.20
81118 5064315 09:58:48 POWER GRID CORP Buy 30 114.10 -3424.80 1.80
122401 5123805 10:02:25 POWER GRID CORP Sale -50 115.00 5747.00 3.00
419064 5564386 10:32:35 POWER GRID CORP Sale -75 117.25 8789.25 4.50
746064 5685038 10:43:01 POWER GRID CORP Sale -75 117.50 8808.00 4.50
2753774 7536866 14:08:32 POWER GRID CORP Sale -30 117.50 3523.20 1.80
2706535 7425442 13:56:58 POWER GRID CORP Buy 30 116.70 -3502.80 1.80
2393584 7345258 13:50:05 POWER GRID CORP Sale -75 116.75 8751.75 4.50
952978 5789725 10:52:26 RPL Buy 50 181.00 -9095.50 45.50


Service Tax of Brokerage Rs. 16.97
Transaction Charges Rs. 6.82
Net Amount Rs. -19390.09
Security Transaction Tax 34.00

my new trades.

i decided to take delivery in the evening because there was a sudden fall in market in the end, so instead of talking loss of 2000 + i decided to commit 19000 till tomorrow, i'll sell the shares tomorrow and maybe i'll have some profit.

regards
IndianZZ

 

[munde_77]

Dear Professional Traders,

Could you please guide us where we can get practical coaching, training and guidance for day trading. We would like to attend some day trading seminars, workshop etc...........Practical training is needed.

Does anyone have experience of Ashwani Gujral. He is training and he charges Rs 45000/--for online and 22500 for offline .
He will share desktop live for one when he trades.
Please reply and help the inexperienced and new day traders who constantly lose money.
Please reply.