General Trading Chat

[TraderRavi]

Growth at 5-year low? RBI may peg 6.2% GDP after Budget nudge

Read more at: http://www.moneycontrol.com/news/ec...get-nudge_8439621.html?utm_source=ref_article


due to demonitisation
Manmohan singh says GDP may be around 5- 5.5 % , some analysts saying 3% :lol:

 

[vivektrader]

May be less emotions in handling others money and taking the right trades.

But emotions will start flowing from all directions once the trader starts losing others' money.

Vivek

 

[travi]

If the person is honest,then trading on huge leverage and making the account lose,it will be more painful emotionally than losing his own money.
These fund managers are remissiers with their brokerage firms.If they take just 2 trades of even 1000 nifty on a Rs 5 L account,they generate a brokerage of min Rs 2000 out of which Rs 1500 they get back as remissiership ,so with 10 client accounts he makes Rs 15000 per day....so Rs 3 lacs per month,at no risk.This was revealed to me by my friend who was a VP in a national level brokerage firm and had many such sub- brokers in his firm.Many brokerages run on brokerage generated by such remmisiers.
Thre is no dearth of money @ 15 %per annum but these money lenders will not take any loss .If the trader loses they have their own methods of recovery.
Smart_trade

:thumb: Just like the post about "Market gives what you want",
this vicious cycle is here to stay if greed overcomes ones logics then such gullible ppl will learn the hard way.
At least it keeps the whipsaws and pullbacks for the rest of us trade

 

[travi]

Hero MC numbers to be announced today.

 

[wisp]

At what time is RBI announcement today?

 

[XRAY27]

At what time is RBI announcement today?

2.30 PM before that tuktuk

 

[traderniftybull]

BNF

My range for today is
20300 - 20555

any range break will be wild

 

[traderniftybull]

NF BNF

open = low

Ed
NF low broken by a very thin margin

 

[Krishan86]

Looks like a good setup :thumb:

 

[manojborle]

NF 8812 looks good resistance and NF should head to 8759