diary of a day trader

[NANDAMAD]

what is the diff betn buying PE and selling CE? what is put writing?

 

[TraderRavi]

what is the diff betn buying PE and selling CE? what is put writing?

put writing = selling puts...........call writing = selling calls........for selling options big margin needed , for buying options only premium amount needed.....

 

[TraderRavi]

5850 closing (spot) ??

may be trend only after 3rd may/rbi policy ?

 

[onlinegtrash]

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...

Already trade expectancy for intraday is NEGATIVE for Nifty Options.
Introducing algo adds up to trades which means more trades in a negative expectancy space.

Adding algo trades is like increasing your pond size but fishes count never change!
Usually price moves in unexpected spikes in day frame
'Algo fishing net' is usually a rigid fishing net that can capture only extremely small ways of market price behavior (no algos can capture fat tail, blackswan moves).

so the 'algo fishing net' is guaranteed to severely damage your acc. unless you are employee of 'Renaissance technologies' (where all employees are Ph.Ds in physicsMath and a quant) !

For zerodha its a nice selling point to put on a bulletpoint for presentations on 'why zerodha?'

 

[sumosanammain]

Already trade expectancy for intraday is NEGATIVE for Nifty Options.
Introducing algo adds up to trades which means more trades in a negative expectancy space.

Adding algo trades is like increasing your pond size but fishes count never change!
Usually price moves in unexpected spikes in day frame
'Algo fishing net' is usually a rigid fishing net that can capture only extremely small ways of market price behavior (no algos can capture fat tail, blackswan moves).

so the 'algo fishing net' is guaranteed to severely damage your acc. unless you are employee of 'Renaissance technologies' (where all employees are Ph.Ds in physicsMath and a quant) !

For zerodha its a nice selling point to put on a bulletpoint for presentations on 'why zerodha?'

Actually, if you use it for just triggering alerts when some of your simple criteria are met, and if its not automated, it may ease up on the screen watching part.... So, it has its positive points also.

Maybe you could use it to just take profits on your positions... not for entries..... etc etc. Many many ways to use this technology.

 

[HEM]

I think AlgoZ is just a renamed version of omnesys nest PULSE which is tested as a useless product with programing limitations. We even can't able to write trailing stop formula in it.

Veera...........
Trading is the hardest way to make easy money.

Trading is easiest way to make easy money and Trading is easiest way to lose easy money............:thumb:

 

[TraderRavi]

Trading is the easiest way to lose your hard earned money..............

 

[Smart_trade]

Trading is the easiest way to lose your hard earned money..............

That is because markets are non linear. We assume them to be linear all the times which they are not. Markets can change direction on a dime and it has no obligation to go in a particular direction.

Sab maya ka khel hai .....

ST

 

[Smart_trade]

Till RBI policy market will be choppy,volatile and non trending. It will not allow bulls as well as bears to have easy money. It may go near yesterdays top and probably break it so that bears also loose money....

ST

 

[Einstein]

whoismaya??