diary of a day trader

[TraderRavi]

Nifty stuck again... .

Moving 5 points 5550 - 5555
then 5555- 5550

Is this a move to go down or can it bounce ??? ?

bears trying to break 5520............

 

[TraderRavi]

this 5520 seems important level........bounce came @ 5460 level......nobody knows where is the bottom of this market.......

 

[TraderRavi]

I need to find a strategy, which give me, 10 points +1 brokerage, on nifty options, 1 lot only..., thats it...................

may be I have to scalp for quick 3-4 points, in 3 - 4 trades, instead of waiting for 10 points, in a single move.

 

[krishere]

i think nifty will go upto 5630 and the resume its downward journey from there.....

 

[pranay1986]

i think nifty will go upto 5630 and the resume its downward journey from there.....

Well considering Dow closed down and this new geo political situation , meebe now the downward momentum may continue uptill 5400 or even break although there was nice buying in the last 15 minutes on friday but you never know

 

[pranay1986]

may be I have to scalp for quick 3-4 points, in 3 - 4 trades, instead of waiting for 10 points, in a single move.

Yea i also believe this is a better option waiting for 10 points in an option means waiting for the nifty to alteast to move 15- 20 points however waiting 2-4 points is easily achievable and also doesnt eat your time.. because the spurt is always there.

Myself will try this from next week since i have now a cheaper broker lets see how it goes !! :thumb:

 

[chataara]

Yea i also believe this is a better option waiting for 10 points in an option means waiting for the nifty to alteast to move 15- 20 points however waiting 2-4 points is easily achievable and also doesnt eat your time.. because the spurt is always there.

Myself will try this from next week since i have now a cheaper broker lets see how it goes !! :thumb:

Dear friend

who is your broker

what is the brokerage for options?

 

[pranay1986]

Dear friend

who is your broker

what is the brokerage for options?

got zerodha ...20rs flat trade that's what they claim you can refer to the following thread for your queries.

http://www.traderji.com/brokers-trading-platforms/47790-zerodha-154.html

 

[TraderRavi]

got zerodha ...20rs flat trade that's what they claim you can refer to the following thread for your queries.

http://www.traderji.com/brokers-trading-platforms/47790-zerodha-154.html

I think zerodha is only good if you trade with 3 or more lots options, because 9 per lot is cheaper upto 2 lots.....
One scenerio in Zerodha.. is say if I buy 5 lots in one order @ 70 premium, then 20/- charge, now if I want to book profit by selling 2 lots @ say @ 75, then 2 lots @ 80 then last lot @ 85....by moving TSL...then there are 3 different sell orders, so 20 x 3 = 60 charge, is it ?....Do write your observations...

 

[Raju]

TraderRavi,

I agree with you that if your are trading in one lot only then 9/- lot is good option.But other plan of 0.01% for intraday trades are available.

Zerodha - It is Rs 20 per order/trade irrespective of lots ,If it is 10 lots then works out Rs 2 per lot,

Zerodha - Important is no additional software charges.

Disadvantage Zerodha
Though quotes refresh faster we need to explore more of "NOW".At times hangs,but after login/logout works fine.

Some features may not be enabled for normal enduser.Need to find out if any.

But those people are good at support.Call anybody at their end and they are able to answer u well.They do pickup the phone when called.I have had bad exp with other broker.

Yes I am also thinking of trading using other broker for small trades.OR atleast change my plan with Zerodha for 0.01%

Raju