General Trading Chat

[manishchan]

30 Crores is pretax profit of Zerodha, the broking company. The news item does not say that he made Rs 30 Cr in trading.

Trading could be a starting step ,later on traders can go in different businesses generating varied income streams.

Smart_trade

yes Dada.. well said !! The article actually does say that he started as a trader.. to extent that he was working and trading both at the same time.. hardly getting sleep over week days. Then he came across a guy who trusted him and gave him checque of 25 lakhs to trade (basically a good client).

Now point here to note is...the investor trusted him and gave him 25 lakhs when Nithin showed his trading performance of last 3 years This means he must have been doing really good & consistent in trading for 3 years... else why would one want to throw away his 25 lakhs

With that being said, one can aspire to trade in crores with investors money..moven on to trade on some exchange floors etc. Or can simply have a life where one is able to earn decent bread & butter from trading and lives simple life. It's all about choices we make.

 

[XRAY27]

only trading related posts in this thread, so for chitchat => http://www.traderji.com/general-chit-chat/98411-after-market-weekend-chitchat.html

Good one to move away all non trading related to this thread !!!

 

[TradeJoker]

Manish bhai, i dont know y , i ony believe half of the article bcoz,
i know two well known brokers, one company is listed both Exch., they started as passionate traders,Just like the malayalam article start about Nithin Kamath,'He cudn't see anything else when he started watching the price movement, He fall in love with Stocks etc etc.

but suddenly oneday these passionate stock lovers turned as brokers,and advise all their franchises owners to not trade,only let the clients to do trade

Anyways, its a gud news that all brokers r sucessful , and thanks to Discount brokers for saving us few bucks.

 

[Smart_trade]

There is no dearth of money which will come to the trader for managing ( if he chooses to get into that business) if he can show profitable track record for last few years.

Any activity which is done with honesty,sound business policy,total accountability , adding value to the customers is a good business activity. It could be broking, a trading advisory , a newsletter, data company....but the problem with investment/trading advisory is that they are started by people with the sole aim of swindling and cheating. So the activity is not bad..the way it is done is bad.And as there are not sufficient regulations/controls these cheating activities go on openly.

But believe me, big opportunity lies in managing others money....by way of portfolio management,trading advisory,a specialised mutual fund or hedge fund and if someone does it with open and transparent way, it is a service very much needed. There are few thousands hedgefunds in US but they all are very strictly regulated.

I see an argument that if a person can trade well, why he needs to manage someone elses money......with own trading a trader can accumalate few crores, have few lacs as income per month ( which is sufficient for living a very happy life )...but beyond that if one has to grow, he has to branch out in other businesses like broking, hedge fund etc( that is what Nithin Kamath seems to have done.)....All super traders in US mostly manage public money...very few trade only their own money...but managing public money has its own disadvantages..


Smart_trade

Edit : Disclaimer : I do not manage any outside money..not even friends and relatives...not even a single rupee.

 

[amitrandive]

I want total Cap of NSE, 100 lac Crore

 

[XRAY27]

Manish bhai, i dont know y , i ony believe half of the article bcoz,
i know two well known brokers, one company is listed both Exch., they started as passionate traders,Just like the malayalam article start about Nithin Kamath,'He cudn't see anything else when he started watching the price movement, He fall in love with Stocks etc etc.

but suddenly oneday these passionate stock lovers turned as brokers,and advise all their franchises owners to not trade,only let the clients to do trade

Anyways, its a gud news that all brokers r sucessful , and thanks to Discount brokers for saving us few bucks.

TJ every story cannot be believed , i got my own reservation on so called winners of ZERODHA stories !!...yes they(discount brokers) are saving us from heavy cost...this is the only reality...

 

[amitrandive]

I want total Cap of NSE, 100 lac Crore

 

[Smart_trade]

TJ every story cannot be believed , i got my own reservation on so called winners of ZERODHA stories !!...yes they(discount brokers) are saving us from heavy cost...this is the only reality...

With discount brokers, the trading costs have gone down substantially...I remember having traded Reliance in old days and paid Rs 1000 for buying 1000 shares and Rs 1000 for selling in intraday trades....now with Zerodha one can do it in Rs 40 round trip. Big big advantage.

Smart_trade

 

[sudoku1]

Hardly wil d succes story aired now b an inspiration 2 smone as wen d mkt opens fr trade 2morow n a couple of profits n loses wil rule d traders mind..UNLES der is a burning desire ..d unnet NEED ..d GOAL 2 strike it rich ..d DREAM (nt day dreaming)

 

[niftyexceltrader]

Our brokerage cost with these discount traders, has come down quite substantially. It is even below 10 or negligible, when one trades on monthly brokerage.
But one caution to be taken, keep checking ledger account. As once, i found Zerodha deducted some 6000 R from my trading a/c in the name of NSE penalty and when I asked for further details, they didnt have any explanation. But they didnt returned my that money (I would call that cheating only) after that I stopped trading with them. This happened some 3 years back