General Trading Chat

wisp

Well-Known Member
though i agree with wisp bro and vivek bro's comments abt st sir. but

in excitement both of u did not understand singhraja's post :lol:

he simply asked which star trader is worth following in opentrade and pls tell your analysis abt those star trader's drawdown w.r.t total capital etc etc. ;)
Bro you got me there :D
 
The drawdown in star traders could be very misleading unless a trader trades fully in that account.Let me give you an example?..most of the stars will have 3-4 trading accounts.If I have done a spread trade in options and traded one leg in Zerodha account and the other leg in some other account,due to margins consideration one leg may be in profit and the other leg in loss though the trade makes overall profit. If the losing leg is in Zerodha account,that will show as a drawdown but in real terms the trade may be profitable.This is very likely as earlier there was no concept of star trader,open trade etc so a trader will be ok to make a loss in one account and larger profit in other account.Same thing in futures also as one may initiate a position in one account and close the same in other account depending on margins and brokerage on second leg consideration.

But now stars will try to do the full trade in one account,because drawdown will adversely affect their performance,so after 2-3 months real DD and profitability figures will be known.So DD at present may be giving a distorted picture.

Smart_trade
 
Last edited:
Sukhani gaayab, he will come back in another avtar, next time if he create problems, I will reveal his all details in forum including name and FB id
Every time we hope that he will behave himself but soon he goes back to his old ways...chronic behavioural problem ...

ST
 
Yesterdays indices details

Yenyess - yanaar 7 with IB
Yenyeff - yanaar 7
Beyennyeff and Beyennyess - yanaar 4 with IB

So be ready for a very volatile day (likely) on Monday :D
Expiry week. Yes, there will be choppiness; and there will be one dull day in those 4 days. The premium may drop down wildly, maybe even discount. But be on the lookout for the options that become multibaggers.
 
I don't intend to follow any star from open trade so I have not studied star performance in details.But at a glance there are some good traders there,more may get added as we go along.

Not following anyone not because I am better than them but I have my tried and tested way of trading and I am very happy with it.

Smart_trade
Well said, Many trader including me should keep this mind, :thumb:
When I can't feel or understand my trading mechanism then
I can control my positions!!!
 
The drawdown in star traders could be very misleading unless a trader trades fully in that account.Let me give you an example?..most of the stars will have 3-4 trading accounts.If I have done a spread trade in options and traded one leg in Zerodha account and the other leg in some other account,due to margins consideration one leg may be in profit and the other leg in loss though the trade makes overall profit. If the losing leg is in Zerodha account,that will show as a drawdown but in real terms the trade may be profitable.

.....So DD at present may be giving a distorted picture.

Smart_trade
But the argument can cut both ways.

The position which shows profit in Zerodha may actually be a loss making one :)
 
Expiry week. Yes, there will be choppiness; and there will be one dull day in those 4 days. The premium may drop down wildly, maybe even discount. But be on the lookout for the options that become multibaggers.
Next 6-7 trading sessions are likely to be volatile. Yesterday it was a dull session only because of long extended weekend. There are rumours that RRR may announce rate cut much before the schedule and may be by Monday morning. Though such rumours were there for previous days as well but nothing happened.
 

Similar threads