General Trading Chat

[Smart_trade]

Some guys here posting crazy like trying to earn 1% / day and so on. Why not widen the horizon. 2%/month and you are doing well enuff to sustain.3%month and you can have good life.

Simple , they want to impress people here with 20-30 % pm return figures. Ferget 30 % pm....but if one does 8-10 % pm every month consistantly, he is the king of the trading kingdom.

But if someone says he makes 3-4 % per month traders will look at him with pity. I get pms asking me that the person is making 6 % per month and he is getting inferiority complex....I tell them if you are making 6 % pm consistantly, it is a great performance.Consistancy is the key.

Smart_trade

 

[Smart_trade]

As a young trader who was struggling to come up in life I used to talk to many very successful traders. One of them was trading with a double digit Rs Crores capital ( this was about a decade ago ) once told me the following which had lasting impression on my mind. His advice was as under :

1) You try to make Rs 8-10 Lacs per annum on your capital of Rs 3 L which is very difficult...I make 10 times that amount but my capital probably is 200 times your capital so for me it is easy job.

2) One does not have to do extraordinary things to be wealthy....all one has to do is do ordinary things but with extraordinary efficiency.

3) Consistancy is the key to anything in life and so is in trading . You may make 20 % in a day on some days but making consistant returns on your capital is much more important than making few spectacular profit days and few equally horrible losing days.

Smart_trade

 

[lemondew]

Hi pradeep,

Thanks for the good points. This was my first talk with loan guy.

I spoke with the guy the guy told me first on 100000 loan 4 years return emi of 2569 so returning them 123312 or extra of 23312. The lame guy told me 23312/4 = approx 6000/ year or 6% / annum. Dont know if they are fooling customers or themselves fools: rofl:

Than after counter questions and so on it is this way

month 1
loan 100000
principal to be payed 1679.04
interest 889.96
or 0.89%

month2
loan 98320.96
interest 875.04
or 0.89%

Interest %= constant Interest amount reduces obviously as principal reduces
First emi advance or postpaid doesnt matter much only that I ll get 1 month less. Processing fee is 750 + 750 *12.36% one time. No other charges thats what said on phone

Foreclosure i guess if you dont repay. Whats that all about

Is the interest on a daily reducing balance or monthly reducing balance? Is there a foreclosure liability? Is the first EMI in advance or is it post dated... i.e. is the amount is deducted upfront along with processing fee.

Pls check on these to arrive at the actual rate of interest.

 

[sudoku1]

Houston... is there a problem??
Dow down 1.5%, EU broadly down 1%

Prez Barack's India visit over :-D

 

[sudoku1]

8989 on SGX done dana done !!!!

 

[Smart_trade]

8989 on SGX done dana done !!!!

People were skeptical whether Nifty makes 9000 before budget....it might exceed that level before pre-budget rally.

Smart_trade

 

[stock72]

Only the Swiss seems to hold out against the bear hug... maybe it is just retracing a bit of its earlier fall.

Overall bad news seems to be round the corner... for EU and US.

----
DJIA is now 50 points away to confirm a descending triangle break with a range of 400-700 negatives on daily charts
Hope India does not catch this chill tomorrow.

The way dow fall I guess it will loss more 500 ..
Seems we done for peak of 2015 for nifty today ..IMO

 

[Smart_trade]

The way dow fall I guess it will loss more 500 ..
Seems we done for peak of 2015 for nifty today ..IMO

Huh...nifty peak for 2015 ? I thought 2015 has just begun and so has the bull market.

ST

 

[sudoku1]

The way dow fall I guess it will loss more 500 ..
Seems we done for peak of 2015 for nifty today ..IMO

d real culprit is MICROSOFT down 10 %

 

[LivetoTrade]

PHD Chamber asks Government to delay implementation of GAAR by 1 year

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst