General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Awesome words. Its far too easy to keep meddling with the trades for a discretionary trader. Only the real, extremely experienced discretionary traders are blessed with the right timing in discretion.
Another major problem of being a discretionary trader(+ less experienced - how many years of experience is a different argument altogether) is that there is no way to gauge our process performance (outcome performance can be gauged by returns).
Until we develop that 'experience, we are better off being a mechanical trader. When will we get that 'experience'? - am not sure if we ever get it at all, in my opinion.
Our only goal then, is to keep improving our process
Another major problem of being a discretionary trader(+ less experienced - how many years of experience is a different argument altogether) is that there is no way to gauge our process performance (outcome performance can be gauged by returns).
Until we develop that 'experience, we are better off being a mechanical trader. When will we get that 'experience'? - am not sure if we ever get it at all, in my opinion.
Our only goal then, is to keep improving our process
Awesome words. Its far too easy to keep meddling with the trades for a discretionary trader. Only the real, extremely experienced discretionary traders are blessed with the right timing in discretion.
Another major problem of being a discretionary trader(+ less experienced - how many years of experience is a different argument altogether) is that there is no way to gauge our process performance (outcome performance can be gauged by returns).
Until we develop that 'experience, we are better off being a mechanical trader. When will we get that 'experience'? - am not sure if we ever get it at all, in my opinion.
Our only goal then, is to keep improving our process
Another major problem of being a discretionary trader(+ less experienced - how many years of experience is a different argument altogether) is that there is no way to gauge our process performance (outcome performance can be gauged by returns).
Until we develop that 'experience, we are better off being a mechanical trader. When will we get that 'experience'? - am not sure if we ever get it at all, in my opinion.
Our only goal then, is to keep improving our process
The Diary Of A Professional Commodity Trader
All good IPOs are subscribed more than 100% on day one .....
else not much listing gains expected .....
in case of over-subscriptions .... allotment is by lottery ....
IPO Allotment to Retail Individual Investors
As far as the retail individual investors (RIIs) are concerned, the process of allocation of shares is different. The maximum amount which retail investors can apply per IPO is Rs. 2 lakh.
In order to determine the total demand for shares in the retail investor category, all the applications are grouped together and the total number of applications are calculated.
If the number of applications are more than the number of shares offered for retail investors, the maximum RIIs who are eligible for the allotment of the minium bid lot are determined.
The total number of equity shares available for allotment to RIIs is divided by the minimum bid lot. This gives the maximum number of RIIs who can be allotted the shares.
For example - If shares worth Rs. 20 lakh need to be allotted to the retail segment and the minimum lot size is Rs. 10,000, only a maximum of 200 applicants will be allotted the shares with the minimum lot of Rs. 10,000.
If the number of RIIs exceed the maximum RII allottees, the RIIs (in that category) who will be eligible for the minimum bid lot will be determined on the basis of draw of lots.
This is a computerised process and hence there is no room for partiality.
else not much listing gains expected .....
in case of over-subscriptions .... allotment is by lottery ....
IPO Allotment to Retail Individual Investors
As far as the retail individual investors (RIIs) are concerned, the process of allocation of shares is different. The maximum amount which retail investors can apply per IPO is Rs. 2 lakh.
In order to determine the total demand for shares in the retail investor category, all the applications are grouped together and the total number of applications are calculated.
If the number of applications are more than the number of shares offered for retail investors, the maximum RIIs who are eligible for the allotment of the minium bid lot are determined.
The total number of equity shares available for allotment to RIIs is divided by the minimum bid lot. This gives the maximum number of RIIs who can be allotted the shares.
For example - If shares worth Rs. 20 lakh need to be allotted to the retail segment and the minimum lot size is Rs. 10,000, only a maximum of 200 applicants will be allotted the shares with the minimum lot of Rs. 10,000.
If the number of RIIs exceed the maximum RII allottees, the RIIs (in that category) who will be eligible for the minimum bid lot will be determined on the basis of draw of lots.
This is a computerised process and hence there is no room for partiality.
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