General Trading Chat

[TradeJoker]

watch a SEBI registered PF manager doing http://rakesh-jhunjhunwala.in/porinju-veliyaths-deep-value-micro-cap-stock-gives-68-gain-in-4-weeks/

 

[Dax Devil]

Today i have attended a marriage functionin that met a homeopathic doctor .. he is a trader in stock market...i just wished him ..he asked what is your return per month i said around 2 to 4 percent...he just laughed and said my return is 15 % per month (positional)..i congratulated him and mixed in the function..

Now i understood that doctors can be idiotic ,but who can tell him what he is... :lol:

What is so surprising about it? Considering the huge input of one's time and efforts in intraday trading, 10-15% per month is absolute requirement if one wants to succeed in creating wealth. If 2-4% per month is the satisfactory gains, then positional or swing trading on higher TFs is much better option in the long run. Doubling the equity every 8-12 months should be the aim of a successful day trader after 2-3 years of market experience. 4-5 years experience, then it should be the norm.

Anyway, sunday is coming to close. Time to go. Take care, friends.

 

[manishchan]

hi
I have read an interview of zerodha winner G.Bhardwaj interview...In that interview he said, that he has Rs 50,ooo in his account..& he managed to withdraw rs 1 lac & 2 lac trading profit per month..risk :reward is 1:2...& 40% times he takes those rewards...but sometimes he exits before that also & then success ration is 60-70%..
so he is getting 200%-400% profit..whats your view fellow traders?

You didn't read the comment section then

Zerodha is smart.. they have shown all the profits on the trading a/c balance and not the actual capital of the winners. The guy Bhardwaj and even Nithin accepted in one of the comments that 50K is only his trading a/c balance. If the return is considered on his capital, the returns percentage will change drastically. So basically.. he keeps only 50K and uses high leverage. This he is able to do comfortably only coz he has a bigger trading capital that he has kept outside his trading a/c to use in case of the drawdowns..bad months etc.

So, I'm guessing his actual cap must be at least around > 10L+ for that kinda returns.

 

[XRAY27]

What is so surprising about it? Considering the huge input of one's time and efforts in intraday trading, 10-15% per month is absolute requirement if one wants to succeed in creating wealth. If 2-4% per month is the satisfactory gains, then positional or swing trading on higher TFs is much better option in the long run. Doubling the equity every 8-12 months should be the aim of a successful day trader after 2-3 years of market experience. 4-5 years experience, then it should be the norm.

Anyway, sunday is coming to close. Time to go. Take care, friends.

Thanks for enlightening me

 

[jagankris]

Thanks for enlightening me

193 points profit before transaction charges.
Say 150 points after all deductions.

150*25/10,000 = 3750 rs ie 37.5 % returns for intraday margin requirements per lot of Nifty.

But if I trade 1 lot keeping 1lakh with the broker and say I am earning 3.75%

Like wise a Dr making 300 points positional in a fine trend trending month like april with 50K with a broker and making 7500 rs profit
works out to 15% or with 1 Lakh it is just 7.5%

So its just about how one is projecting his return in terms of %

 

[niftyexceltrader]

niftyexceltrader
TP has posted this in Zerodha thread, please reply to it in Zerodha thread. Please post some screen shots (remove your name and address etc).
http://www.traderji.com/brokers-trading-platforms/89121-zerodha-part-3-a-972.html#post1069839

Hi Raghuveer
Sorry
If TP has posted it in Zerodha thread, it is not my problem, I am under no obligation to answer it there. And moreover this is not todays case it happened in 2012.
Zerodha has deducted a little less than 6000 R on account of "Being FNO margin penalty charges" as mentioned in ledger page and as per their clarification in email. And they made me understand that this was the penalty charged by NSE being short in margin for my overnight position by using their explanations (that were beyond my understanding at that time.)

And the interesting fact, I was holding only 100 MNF (MiniNiftyFuture) in futures, with a trading balance of more than 40K in my ledger (after this trade and at EOD) And do you know what was the span and exposure margin charged by Zerodha in my account, you will be surprised, it was more than 6.7 lakhs, yes you read it right, more than 670 K for 100 MNF about 125% of the total trade value.

And this is only a part of the story. Ignorant of all this, I sent some 100K on T and T+1 day, for more purchases and all this total money was adjusted by them against the margin of 100 MNF at the open next day itself. And their customer care had no clue/reply, when I contacted them (on phone) on the rejection of my further orders next morning.

I came to know the details of this episode (what I described above) only after 3 days, when Zerodha officials gave a reply. What a fun. :annoyed:

Whatever I have described above is true to best of my remembrance and if you people believe it then it is good and if do not want to believe, then no compulsion. :lol:

Cant post images of email or ledger in open forum, as I have to edit the images particularly real names, ID numbers, part of actual dates, mid part of actual amount etc etc. and even if you people insist, I have no objection to post them. Or if one is determined to see in original, as seeing is believing, then he may contact me at niftyexceltrader@gmail com for further details but he has to promise that he will not reveal the details in open forum

 

[niftyexceltrader]

Listen, if they deducted some money from your account, it must reflect in your ledger, right ? Also, since you wrote to them about it, there may be a copy in your sent mail.

Thanks, I was uncertain, how to retrieve those details from my email huge huge inbox, as I was not sure of date, but your post helped me to start with and I was able to retrieve my emails and my ledger account saved in the folder in my system.

 

[niftyexceltrader]

Jane do TP bhai.......it was googleee..........Now he feel like bouncer.....:lol:

I feel very safe with ZERODHA...... ....all blood drunker ex-Broker pagla gaya hai as ZERODHA closed their shutter..... :lol:

You both jacked him up.. :lol: :rofl:

Nothing that sort of.
Its a real case and no concocted story :annoyed:

 

[Tlahuicole]

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.

All is up to the trader to decide as ST says. Want to be rich or want freedom, once successful you can get whatever you want, but only after years of pain, improvement, survival and passion and perseverance.

 

[Tlahuicole]

What is so surprising about it? Considering the huge input of one's time and efforts in intraday trading, 10-15% per month is absolute requirement if one wants to succeed in creating wealth. If 2-4% per month is the satisfactory gains, then positional or swing trading on higher TFs is much better option in the long run. Doubling the equity every 8-12 months should be the aim of a successful day trader after 2-3 years of market experience. 4-5 years experience, then it should be the norm.

Anyway, sunday is coming to close. Time to go. Take care, friends.

After reaching large capital pool you cannot risk 1% every trade. You will have psychological issues. It makes better sense to have reduced drawdowns than to have huge returns, less fluctuation and less risk on capital will be keep us more happy, but it all depends on trader, he can choose his risk per trade and adjust it to have few months of gargantuan returns of all months of consistent returns.