diary of a day trader

[TraderRavi]

nifty ja to upar hi rahi hai, par speed aise hai ki sham tak 5910 tak pahunh hi jayegi...........:annoyed:

 

[Smart_trade]

For most traders it will just mean that they will have to replenish their accounts with more frequency than before

Think of your, or any system.... there are so many scenarios that crop up... its virtually impossible for a mere retail trader to be able to code them, in terms of knowledge, etc.

Also, true algo trading requires co loaction of server, which needs roughly 3 to 5 lakhs a year ( thats AFTER ) considering the lowered rates of the NSE.

Add to that a few thousand per month for software access, and you have just pushed out 99.9999 % of retail traders out of the reckoning.

Algo trading without co location is like donating money to other traders. That moeny is better used on holidays...

WHAT ? .....you mean I cannot holiday on a private beach and let my algo make money on my Rs 50 K trading account and I collect the profits everyday through ATM to spend for the next day ?? So cruel of you to have shattered my dreams.....

ST

 

[TraderRavi]

5900 put ka kya hai re, koi batao @ 14 ........
made some bucks in 5900 ce, earlier loss in 5900 put and bnf puts/calls both....bnf premium eating chalu hai....
1400 in loss so far(earlier loss was 4500), lookslike ye expiry bhi in loss.........

got some bucks in down move ......now today breakeven...........

 

[Smart_trade]

I was thinking 2-4 algo god ( adopt) le lete hain....roj ki trading ki zanzat khatam.....

ST

 

[champ]

I was thinking 2-4 algo god ( adopt) le lete hain....roj ki trading ki zanzat khatam.....

ST

ye algo trade kya hota hai sirjee?

 

[ganeshams]

converting your strategies in to program that will do buy and sell automated way.
you might see AFL's at your end by internally convert them in to programs that will do your job.

 

[Smart_trade]

ye algo trade kya hota hai sirjee?

This is auto trading on some predefined trade logic...computer does the trades once it finds the logic satisfied. Never tried that....seekhna padega....

ST

 

[futures]

WHAT ? .....you mean I cannot holiday on a private beach and let my algo make money on my Rs 50 K trading account and I collect the profits everyday through ATM to spend for the next day ?? So cruel of you to have shattered my dreams.....

ST

LOL Smart_trade !!.. i failed to pick up the sarcasm in your previous post on this topic..i got it now !! :thumb:

 

[HEM]

Interesting to know that Zerodha starting tutorials for coding the algo trading logic ...we can soon start algo trading and just see money in our accounts at end of the day.....

Smart_trade

For most traders it will just mean that they will have to replenish their accounts with more frequency than before

Think of your, or any system.... there are so many scenarios that crop up... its virtually impossible for a mere retail trader to be able to code them, in terms of knowledge, etc.

Also, true algo trading requires co loaction of server, which needs roughly 3 to 5 lakhs a year ( thats AFTER ) considering the lowered rates of the NSE.

Add to that a few thousand per month for software access, and you have just pushed out 99.9999 % of retail traders out of the reckoning.

Algo trading without co location is like donating money to other traders. That moeny is better used on holidays...

I remember Zerodha talking about automation/algo trading when the AB/ZT plugin was launched(about 7-8 months ago) ...Now, it has come to reality..that's definitely a pat in the back for Zerodha

Nevertheless, automation is serious stuff and i hope against hope that Zerodha is doing their due diligence in testing it completely..i understand this is in beta now but thorough testing is a must..they should atleast provide the clients with a demo ZT account so that the clients don't lose their real money if there is a bug.

I was involved with Tradestation automation in US for almost 4.5 years and one goof up by TS when i was in a soybeans trade nailed me...lost a big chunk..so, automation is not a simple thing!! Moreover, a trader need dedicated internet server with a 99.9% uptime (many hosts offer these nowadays..but it adds to the bottomline cost for a trader)..

If we gotta rely on our Internet connection(Airtel, BSNL or whatever) for algo trading, it is like a time bomb..it's not a matter of how..it's a matter of when !!

OUR MIND AND BOTH HANDS........GIFTED BY GOD..... ARE BEST ALGO FOR US.............:thumb:

 

[HEM]

WHAT ? .....you mean I cannot holiday on a private beach and let my algo make money on my Rs 50 K trading account and I collect the profits everyday through ATM to spend for the next day ?? So cruel of you to have shattered my dreams.....

ST

I was thinking 2-4 algo god ( adopt) le lete hain....roj ki trading ki zanzat khatam.....

ST

:rofl::rofl: