General Trading Chat

[TraderRavi]

feku star

 

[vijkris]

feku star

ravi Bhai aap bhi to experienced multiple times 60 day challenge winner ho..

thoda sabka help kar do na pls.. aap ka nakli naam kya hai?
Taurus ? leo ? orion ?
pls batao

BTW Happy holi. :rofl:

 

[Smart_trade]

St da ..did ya checkout open trade..if not plz do and let us know what do ya think ?

I was out the whole day on some work so could check Opentrade only after the market close. My views are as under :

1) It may take 1-2 months for it to stabilise and take off.

2) Good concept but needs to be seen how it develops.

3) It also depends on how new traders use this facility.It is not a tips site but if one observes the trades of stars,how they control risk,how they hold positions it will be a good learning.In tips services there is no transperency ,here atleast track record is confirmed by a third party ie Zerodha.

4) Traders should follow stars which trade scrips and timeframes similar to theirs. A trader with less than 1 L capital following a star with 1 cr capital is of no use as both will trade differently.A futures day trader following a swing trader or options trader star is of no use.

5) The stars are human beings and these are actual trades so they will have their share of profits and losses both. This needs to be understood and accepted.For learning ,one can follow a star with small quantity trades to help learning and minimise losses.

6) It is best to do own study and trade but some additional help @ Rs 500 pm is not bad...if one can learn from the star ,it is money well spent.

Smart_trade

 

[headstrong007]

There is a common thought among traders, If he is a good market analyst then why is he giving advice and not trading himself. With the launch of Opentrade with traders making above 300% in the last 90 days period, sharing their trades for a meagre amount of 500 rs per month, there is a need for retrospection of that thought.

Out of this 500 Rs.. probably Z takes 200+..
Most of stars has big drawdown too.. only 2-3 followers. Even with 50-60 follower amount is very small.. No good trader should share own trades for such small amount.

Some star has account over few crores, draw down 90 lakhs.. selling trades for some tinny amount.. :lol: I doubt..their actual capital is multiplied by 10 or more for sure... Traders with Crores of Capital don't take such risky trades.. their drawdown are less.. Good traders are not listed there for sure.. Feku Crore poti stars are there..

 

[vijkris]

st sir, assuming a TJ member is one of the star. Acc to forum rules is he allowed to reveal his opentrade star name ?

 

[headstrong007]

There is a common thought among traders, If he is a good market analyst then why is he giving advice and not trading himself. With the launch of Opentrade with traders making above 300% in the last 90 days period, sharing their trades for a meagre amount of 500 rs per month, there is a need for retrospection of that thought.

Nithin Kamath already said..
We don't show actual capital. we will do normalization on it.
He also said u could be a star even with 10-15 thousand capital if your return is more..
Combine above two statements with drawdawn of Crorepoti stars... u don't need any retrospection of thought. Trading Capital is multiplied by large numbers 10 or above for sure..

 

[vivek.natraj]

Just now subscribed to one guy... I could see only open positions... No history of even today's trades... Only live update and positional trades can be known.... Four more days of no new data to analyze..

 

[vikas2131]

They have already removed 6 stars just by evening...there were 21 in the morning and now 15

 

[vivek.natraj]

Out of this 500 Rs.. probably Z takes 200+..
Most of stars has big drawdown too.. only 2-3 followers. Even with 50-60 follower amount is very small.. No good trader should share own trades for such small amount.

Some star has account over few crores, draw down 90 lakhs.. selling trades for some tinny amount.. I doubt..their actual capital is multiplied by 10 or more for sure... Traders with Crores of Capital don't take such risky trades.. their drawdown are less.. Good traders are not listed there for sure.. Feku Crore poti stars are there..

I don't understand why you say that someone shouldn't disclose trades... All of us are small retail traders and even if more people copy the trades, it actually gives an advantage in price for the first trade... Moreover, I feel, it is easy for a broker to identify accounts of ST or Pratap or a successful trader, and copy the trades into their institutional trades and make even larger amount than the successful retail traders... Not sure if they do it, but if I am a broker, I would certainly be inclined to do it... Whenever I receive a order from ST sir terminal, I precede that trade with five or ten times the quantity... I think brokers can and may be doing it, right? If so, what issue do you see in opening up to fellow retail traders... That too after the trade is made...

 

[vijkris]

I don't understand why you say that someone shouldn't disclose trades... All of us are small retail traders and even if more people copy the trades, it actually gives an advantage in price for the first trade... Moreover, I feel, it is easy for a broker to identify accounts of ST or Pratap or a successful trader, and copy the trades into their institutional trades and make even larger amount than the successful retail traders... Not sure if they do it, but if I am a broker, I would certainly be inclined to do it... Whenever I receive a order from ST sir terminal, I precede that trade with five or ten times the quantity... I think brokers can and may be doing it, right? If so, what issue do you see in opening up to fellow retail traders... That too after the trade is made...

I hope your statement abt brokers copying trades of successful traders is just a hypothesis..