diary of a day trader

[Smart_trade]

whoismaya??

Search the Facebook....

ST

 

[TraderRavi]

who is maya??

http://en.wikipedia.org/wiki/Maya_Kodnani

 

[midas touch]

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

hard earned money
bhari dhup me sadak kinare kaam karne wale majdur agar kahe ki their money is hard earned money..mai maan lega..munna bhi maan lega..
lekin Govt nahi maanegi q ki according to them 20-30rs per day kamane wala garib nahi hai...

so what was the point? :lol:

 

[timepass]

hard earned money
bhari dhup me sadak kinare kaam karne wale majdur agar kahe ki their money is hard earned money..mai maan lega..munna bhi maan lega..
lekin Govt nahi maanegi q ki according to them 20-30rs per day kamane wala garib nahi hai...

so what was the point? :lol:

20-30 rs. per day wala garib hai ya nahi malum nahi, but he is soon going to get direct cash transfer of Rs. 30-40000 per year to his bank account, via his Aadhar card. That's where the STT etc. goes

 

[manish9300]

20-30 rs. per day wala garib hai ya nahi malum nahi, but he is soon going to get direct cash transfer of Rs. 30-40000 per year to his bank account, via his Aadhar card. That's where the STT etc. goes

This is the progress we have done in last five years.earlier it was manrega.....man hoto kaam karo aur paisa lo.......now koi kaam dhaam karne ki jaroorat nahi hai muft main paisa lo apne account mein.lol.

 

[quinox]

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?'

Setting aside Zerodha's marketing regarding algo trading, I think many guys here are confusing algo trading with high frequency trading(HFT).
HFT is a special form of algo trading that requires complex mathematical formulae, software, co location server etc etc. Algo trading means simple automation of trading activities like entry, SL, trail stop exit etc. You can just automate a moving average cross over system and it will become a algo trading system.

Whether one has a profitable strategy and whether it can be fully automated is a different thing. But algo trading does not necessarily have to be high frequency trading.

For example algo trading can be done even on daily chart. Many mutual funds and pension funds use algo trading and they dont do day trading. One of the primary reason these mutual funds/pension funds do algo trading is to break their large orders into smaller orders.

 

[TraderRavi]

20-30 rs. per day wala garib hai ya nahi malum nahi, but he is soon going to get direct cash transfer of Rs. 30-40000 per year to his bank account, via his Aadhar card. That's where the STT etc. goes

but I have not received a dime, I have NSE approved aadhar card............

 

[MANISH_DAMANI]

but I have not received a dime, I have NSE approved aadhar card............

Arrey yar mujhey kya pata tha rs 40000 milengai mai bhi adhar card bana leta. As I have not trading account, bank account in my name. Not doing job. Trading in parents account. Still below poverty line. No earning of rs 1 also per day. **** khojta hu adhar card waley ko.:clap::clap::clap::thumb:

 

[TraderRavi]

Arrey yar mujhey kya pata tha rs 40000 milengai mai bhi adhar card bana leta. As I have not trading account, bank account in my name. Not doing job. Trading in parents account. Still below poverty line. No earning of rs 1 also per day. **** khojta hu adhar card waley ko.:clap::clap::clap::thumb:

ye sab khangress ki kirpa hai, 500 rs de ke aadhar card banwao, 40000 har saal pao............:clap:

 

[onlinegtrash]

Setting aside Zerodha's marketing regarding algo trading, I think many guys here are confusing algo trading with high frequency trading(HFT).
HFT is a special form of algo trading that requires complex mathematical formulae, software, co location server etc etc. Algo trading means simple automation of trading activities like entry, SL, trail stop exit etc. You can just automate a moving average cross over system and it will become a algo trading system.

Whether one has a profitable strategy and whether it can be fully automated is a different thing. But algo trading does not necessarily have to be high frequency trading.

For example algo trading can be done even on daily chart. Many mutual funds and pension funds use algo trading and they dont do day trading. One of the primary reason these mutual funds/pension funds do algo trading is to break their large orders into smaller orders.

yeah, I agree Algo platform can help to automate 'trade management', simplify tedious 'screen staring' and 'fumbling order entries/exit at the heat of the moment'. I see value in that!

Like ST said somewhere I used to think algos are virtual ATM once we put enough effort like 2 years of hardwork we are all set to turn on our virtual ATM and settle for life time in a beach... just wanted share why no retail trader can afford such dream