How Many Of Us Do Full Time Trading?

[anuragmunjal]

hi..
no the broker does not charge me anything except the commission.I work on 'neat' terminal. It is the most basic and the original platform of nse. when u get used to one kind of platform it is very difficult to switch over to another kind, although 'neatplus' is also available these days.
Brokerage is linked to the kind of turnover u do. these days I am paying 300 rs. per crore, where my avg. turnover is around 10 crore a day, but I have also worked on brokerage as low as 50 rs. per crore.

 

[darkstar]

I trade full time. I donot have any software, hardware at home as any internet based trading platform is too slow if u r trading multiple trades for short profits. I go to a broker's office where I am provided with a leased line enabled terminal as even the vsat is very slow in comparison. I do not have any other business or job.

sir which branch u go to trading , there is so much crowd how u concentret u apply u r position or broker submit u r position on pc.
thanks

 

[anuragmunjal]

hi darkstar,
we have a separate room in which 3-4 of us traders sit. there is no noise except the cnbc or the khat- khat of the keyboards. as my entries & exits are fast I put in my own trades.
as a matter of fact from the past few days I have been experimenting with a software which actually puts in ur buy bid, sell bid & stoploss simultaneously with just one touch on the keyboard.

 

[surya_sun]

hi..
no the broker does not charge me anything except the commission.I work on 'neat' terminal. It is the most basic and the original platform of nse. when u get used to one kind of platform it is very difficult to switch over to another kind, although 'neatplus' is also available these days.
Brokerage is linked to the kind of turnover u do. these days I am paying 300 rs. per crore, where my avg. turnover is around 10 crore a day, but I have also worked on brokerage as low as 50 rs. per crore.

Is it possible you can share
1>the name of the broker.
2> which scrips do you choose and suggestions
3> Any suggestion you cangive to novice(s) like me.
It would certainly help.
rgds

 

[anuragmunjal]

hi surya,
I am working with bezel stock brokers in delhi, previously I have worked with pace financials. most of the brokers would provide u with all the facilities that I had mentioned. see the basic difference is that when u trade from home,u r using ur own resources.the broker has made a one time investment on the trading platform, and now it does not effect him whether u give him rs.200 or rs.2000 as brokerage in a day. but in case u want to trade from the broker's office,u would be using his resources,here he would want u to commit some kind of minimum brokerage for the month.
I normally trade in one or two shares in the day which are amongst the top five 'most active' scrips of the day.
the only advise I would be able to give u is that once u enter a trade,the only thing that is in your hands is ur exit. u cannot control the market from going up or down.the only thing u can control is your stop loss. therefore, never enter a trade, whether short term or long term, with a predetermined stop loss.
I do not beleive much in technical analysis , hence would not be able to guide u much there. I just take the 'price'as my guide.
the other day I chanced upon Linkon's thread where he was selling straddles and then hedging them with buying or selling nifty to make it delta neutral. I found it to be a very good and educative thread. I personally know a few brokers are using similar strategies, although with a few variations. check out this thread if u have not done so already.

 

[anuragmunjal]

hi..
sorry there was a typo in the previous post. I meant 'never enter a trade' without ' a predetermined stop loss.'

 

[darkstar]

hi darkstar,
we have a separate room in which 3-4 of us traders sit. there is no noise except the cnbc or the khat- khat of the keyboards. as my entries & exits are fast I put in my own trades.
as a matter of fact from the past few days I have been experimenting with a software which actually puts in ur buy bid, sell bid & stoploss simultaneously with just one touch on the keyboard.

thanks, which software u experimenting please describe me in u r eye net terminal is better than vsat ! but definetly it is too expensive than vsat ! i think u r neat terminal is directly attach with bolt terminal of nse so it is fast than vsat . please clarify and what is u r brokreg mine is 1.5 paisa and 15 paisa for delivery. next month i came to delhi can i know exact location of u r brokreg firm please so i really know what i miss if i work from home. or net.
thanks , please provide information

 

[surya_sun]

Hi Anurag,
Thanks for the info. We have more or less same wavelength. I do the same. Choosing two stocks and looking at entry/exit points. I read all the technicals and use it as guidance. But, for decision making my intuition comes first.
I don't think Bezel has offices outside delhi. Seems very good option you have and I would like to connect with you. Perhaps, I can pick few brownies from you. Can you give give me ur mail id

hi surya,
I am working with bezel stock brokers in delhi, previously I have worked with pace financials. most of the brokers would provide u with all the facilities that I had mentioned. see the basic difference is that when u trade from home,u r using ur own resources.the broker has made a one time investment on the trading platform, and now it does not effect him whether u give him rs.200 or rs.2000 as brokerage in a day. but in case u want to trade from the broker's office,u would be using his resources,here he would want u to commit some kind of minimum brokerage for the month.
I normally trade in one or two shares in the day which are amongst the top five 'most active' scrips of the day.
the only advise I would be able to give u is that once u enter a trade,the only thing that is in your hands is ur exit. u cannot control the market from going up or down.the only thing u can control is your stop loss. therefore, never enter a trade, whether short term or long term, with a predetermined stop loss.
I do not beleive much in technical analysis , hence would not be able to guide u much there. I just take the 'price'as my guide.
the other day I chanced upon Linkon's thread where he was selling straddles and then hedging them with buying or selling nifty to make it delta neutral. I found it to be a very good and educative thread. I personally know a few brokers are using similar strategies, although with a few variations. check out this thread if u have not done so already.

 

[anuragmunjal]

hi darkstar,
when u trade, from home u can only trade via internet because that is the only cost effective way. I have not tried these platforms on very high speed internet , but on normal speeds, especially when the market is very volatile,(like the opening five ten minutes or closing), the updation is very slow , u can check this by putting in 1 share buy and 1 share sell slightly above or below the rate that is showing on the screen. at times u will find that ur buy or sell bid is hit whereas that rate is not showing on ur screen. this is what I mean by slow updation.
In the broker's office there are 2 mediums, one is vsat and the other is a dedicated leased line provided by service providers like mtnl or airtel. although, the updation in rates of both the mediums is good , the order execution of leased line is the fastest.
simply put, if one person working on a leased line, one on vsat and one on internet simultaneously put in a bid , the bid on the leased line would be the first to reach and would get executed first.
as per brokerage , I have already given my brokerage in a previous post. It is .003 for intraday.
my brokers office is in satyaniketan, new delhi, but I am sure that if u go to any broker's main office in ur city, u will find all these mediums where u can check for urself.

 

[anuragmunjal]

hi surya
my mail id is [email protected]