diary of a day trader

[ajeetsingh]

i got anwser from broker saying 'it'll give problem sometimes in opening on holydays'.......
is it so????????????

I too think so, also I too tried to contact my broker but nobody picking up the phone :annoyed:

 

[vssoma]

Hi vssoma,,,,


Is alice blue(Wisdom Capital) brokerage calculator changed. It shown higher STT few days before but now it is showing normal STT like other brokers.
Is there any hidden cost in Wisdom Capital?
I hope you have trading with them.

rgs...
Veera...

i too observed that issue, but now it is ok. they r charging like others.
as of my knowledge, no extra or hidden charging. i am checking CN daily basis.

 

[timepass]

Have your trigger price and buy price confusion cleared now?.

Yeah. The thing is, that the field for "Price" is to be filled first, and then "Tr.Price". I used to keep a very small gap thinking that my order will be executed at a higher value (the one that I mentioned in "Price") .

That is clear.

But the order won't be executed at a price lower than the trigger if it retracts after hitting the trigger, will it ?

 

[stock72]

Great ... Keep it up...
This is first month u achieved this ....if so i suggest to wait for subsequent months till the cap of 230k doubled before adding any further capital ....

Now the problem is since u end up with 47k profit u might became little relaxed and may even start trading with less discipline (personal experience)
So need to be careful.. Gaining 47k out 230k in one month is something too high profit and i doubt every month ending in positive is highly debatable.. Need to wait and watch till the subject system/pattern of trading undergoes various market cycles
Best call is waiting till cap get doubled

This month ended with profit ~Rs 47000

Total capital in my account ~230000

profit in terms of % approx 19-20%

All trades were either on 30min/60min/eod time frame.

None of my trade was Intraday trade,All were carried for at least 2-3 days.

Mostly traded Siemens, HclTech, Yes BAnk......

Traded at a time with two scrips max with starting with single lot, though added only once in whole month.

Planning to add some more money & making it around~ 5 lac.

But that will be reserved money, will trade with 2-3 scrips only starting with single lot & will add later on after position will come in profit.

Suggestion by my dear friends & seniors are most welcome.

 

[jamit_05]

Lappy wappy ko chhodo.....pick up Core 2 Duo or even P4 from old computer dealers. I picked up 2 of them and got 2 GB ram, all done in 3K each, I had a spare monitor...both working taka tak for over 1 year ....

ST

ST da,

I did a similar thing. I too was looking for Second Hand Systems, but discovered that instead of it one is better of buying New Systems but older technology. It is more cost effective, not as cheap but of more value.

Bought a Dual Core Celeron processor with full ram and original Intel MB. It is running seamlessly for years now. Original Intel MB gives genuine Bus Speed, which is most important for full RAM performance. It was Good value for money.

I think, latest comp would cost near 25K, where as older technology can be got for less than 8K.... at least in Mumbai... Lamington Road has some very good and reliable dealers.

 

[HEM]

This month ended with profit ~Rs 47000

Total capital in my account ~230000

profit in terms of % approx 19-20%

All trades were either on 30min/60min/eod time frame.

None of my trade was Intraday trade,All were carried for at least 2-3 days.

Mostly traded Siemens, HclTech, Yes BAnk......

Traded at a time with two scrips max with starting with single lot, though added only once in whole month.

Planning to add some more money & making it around~ 5 lac.

But that will be reserved money, will trade with 2-3 scrips only starting with single lot & will add later on after position will come in profit.

Suggestion by my dear friends & seniors are most welcome.

Dear VIKAS,

WELL DONE......VERY NICE ..............:clapping::clapping::clap:
My best wishes for your successful trading career and life ...........:thumb:

HEM

 

[stock72]

-------------------------------------------------

For example nifty future current market price: 6000.

If we need to buy it at after crossing(breaking) 6010 .

If we put a normal buy limit order at 6010. The current market price is 6000.
we are putting the order to buy at higher price(6010) which is higher than the current market price(6000). So the system will consider it as a market order to buy at a minimum possible best buy rate at the time(around 6000) of execution.

So by using limit buy order to buy at 6010 while current market price at 6000 is not possible.

If we place buy limit order at 5990. It will go to pending orders waiting for the price to reach 5990. If the buy limit order at 5990 executed at cmp (6000) we will scold our broker for buying the order at a higher price.

So we need to place stop loss buy order to buy at 6010.
By specifying a trigger price and buy price.
If Trigger price is 6010 and buy price 6010.

When market reaching(trigger price) 6010 a limit buy order at 6010 placed at the exchange.

If the current market price(after triggered 6009) less than buy price(6010) after triggered.
our buy price is greater than the cmp(6009).We are agreeing to buy at a higher price(market order).So it will be executed at lowest possible best buy rate(which is cmp 6009).

If the current market price (after triggered 6011) higher than buy price(6010).
Our buy price is less than the market price. So it will remain pending until buy price(6010) is reached (lowering from 6011 to 6010).

So to convert limit order to market order(same in stop loss limit to stop loss market).

We specifying some higher price when buying (Agreeing to buy at a higher price than the current market price. It will be executed as market order with lowest possible buy rate.

And we are specifying some lower price for selling order(Agreeing to sell at a lower price than the curren market price. It will be executed as market sell order at a highest possible sell rate.

simply...........
To buy at market (specify higher price than current market price).(select price box and hold up arrow few seconds).

To sell at market (specify lower price than current market price).(select price box and hold down arrow few seconds).

Not able to explain in a brief manner.So long post.

Happy trading...
Veera...
____________________
B as a Bee.

 

[VIKAS 21]

Great ... Keep it up...
This is first month u achieved this ....if so i suggest to wait for subsequent months till the cap of 230k doubled before adding any further capital ....

Now the problem is since u end up with 47k profit u might became little relaxed and may even start trading with less discipline (personal experience)
So need to be careful.. Gaining 47k out 230k in one month is something too high profit and i doubt every month ending in positive is highly debatable.. Need to wait and watch till the subject system/pattern of trading undergoes various market cycles
Best call is waiting till cap get doubled

Thanks for ur suggestions....

Yes i very well understand that it is not easy to get consistent profit every month.

1. I am still working to adhere to my SL & my every trade should have a reason behind it , No trade should be a Tukka trade.

2.I try to select the only trades with very low risk/high reward, though still in this month lost some money due to late profit booking, otherwise my profit could be more(around 70000).But i am taking it as a part of game & will try to exit on signals on lower time frame with entry on higher time frame as i did in later part of month.

3. I have earned more than this month in earlier months but i am agree my performance is not consistent.

4. My main focus will be consistency . profit may be less but results should be consistent will be my target.

 

[VIKAS 21]

Dear VIKAS,

WELL DONE......VERY NICE ..............:clapping::clapping::clap:
My best wishes for your successful trading career and life ...........:thumb:

HEM

Thanks HEM Sir

Alwaz need ur blessings.......

You are a great man between us...

 

[del_66]

http://www.abc.net.au/sundayprofile/stories/2662078.htm