Is my decision correct or wrong

[nac]

Re: Is my decition correct or wrong

thanks for the quick reply and explining me .but again i asked the EDELWEISS EXECUTIVE for about brokerage.he told me that they charge
.03% on the total amount .((they dont charge 3 paise on single share as the minimum brokerage on the share)).ie what ever the share reate it does'nt need.
and if i pay 4000 as the subscription charge they charge .01%.

If they say so, fine. But still there are others things need to be considered.

As I said, its too hard to get your order executed, if you put 50K or something. You can't do it every 5 seconds or every minute. And If you disclosed your entire order size, then that will be a support or resistant point for sometime.

Since you are new to trading, don't get into any plan by paying some amount as upfront brokerage. If you wanna go, better make it monthly plan and limited with few hundreds as upfront brokerage. Don't pay 1000's.

And that 3 paise for just example. That could be anything.

 

[sartaj]

Re: Is my decition correct or wrong

If they say so, fine. But still there are others things need to be considered.

As I said, its too hard to get your order executed, if you put 50K or something. You can't do it every 5 seconds or every minute. And If you disclosed your entire order size, then that will be a support or resistant point for sometime.

Since you are new to trading, don't get into any plan by paying some amount as upfront brokerage. If you wanna go, better make it monthly plan and limited with few hundreds as upfront brokerage. Don't pay 1000's.

And that 3 paise for just example. That could be anything.

yes it seems as u said.can u suggest me what no of volume will execute in a short time. as i see in "A" grade shares, traded near about 30 lakh share.with u r experiance in" ispat" min 10k.will execut at short time??????

 

[nac]

Re: Is my decition correct or wrong

yes it seems as u said.can u suggest me what no of volume will execute in a short time. as i see in "A" grade shares, traded near about 30 lakh share.with u r experiance in" ispat" min 10k.will execut at short time??????

Sorry, buddy...

I couldn't help you in this regard. Since I have never initiated a trade with order size beyond 1000 shares, I can't just say it. Usually, I enter with 200 or 300 sometimes 400. This is my usual order size, very rarely order size go beyond the said size.

And I haven't traded ISPAT before. I have watched it, but not traded. For me, its movement is like turtle. In general, I don't trade shares whose price is below 60 or 70. I don't got vast experience in Indian market. Some of the experienced trader in this forum would help you in this regard, I believe.

Whatever the share price is and its volume could be in millions, I don't think you can initiate a trade each and every minute or even five minutes, if your order size is in 5 digits. Its just my guess, let see what others says.

 

[savkar]

HELLO EXPERTS,
i am new to real day trading .but i learnt minimum basics from the trading forums.and i did trade well in the "SHARE BAZAR GAME" of reddiff website.
i saw some shares NEARLY 25 RS which are in "A GROUP" varies minimum 5 paise and 10 paisa frequently with in 5 seconds, and they traded in high volumes.finlly i want to ask,,,if i buy large volumes like 50,000 shares and i sell with a profit of 5 paisa.i mean i will get 5 paise on each share .i caluc lated with brokerage percenta of .03 and also add all the service charges lime SST,STT,STAMP DUTY which are requird. than also i will get for 50,000 shares (with the profit of 5 paisa on each share) 1450 RS. so if can trade for 20 times on each day the profit will be good for me .
THIS IS ALL I EXPECTING, PLEASE TELL ME SUGGITIONS FOR THIS .AND CORRECT ME IF I HAVE ANY MISTAKES.

Sartaj,
Can one learn swimming without diving in pool ?
Can one learn to balance a bicycle by watching others ?
Can you solve maths problems by just reading books ?

Similar way all theories go to the bin once you start trading.

Start trading with a small scale, make some profits and tell us your results !

 

[Sultaan]

atleast for a week trade 10 or 100 shares for trial & try making the 5 paise profit, then you will be able to judge your theory better & get more confidence :thumb:

 

[sartaj]

Sartaj,
Can one learn swimming without diving in pool ?
Can one learn to balance a bicycle by watching others ?
Can you solve maths problems by just reading books ?

Similar way all theories go to the bin once you start trading.

Start trading with a small scale, make some profits and tell us your results !

yes my friend u r correct .i am going to trade in a short time.iam asking these questions because ,iam a well doing business man.and i have bussiness experiance of 8 y.

 

[anuragmunjal]

HELLO EXPERTS,
i am new to real day trading .but i learnt minimum basics from the trading forums.and i did trade well in the "SHARE BAZAR GAME" of reddiff website.
i saw some shares NEARLY 25 RS which are in "A GROUP" varies minimum 5 paise and 10 paisa frequently with in 5 seconds, and they traded in high volumes.finlly i want to ask,,,if i buy large volumes like 50,000 shares and i sell with a profit of 5 paisa.i mean i will get 5 paise on each share .i caluc lated with brokerage percenta of .03 and also add all the service charges lime SST,STT,STAMP DUTY which are requird. than also i will get for 50,000 shares (with the profit of 5 paisa on each share) 1450 RS. so if can trade for 20 times on each day the profit will be good for me .
THIS IS ALL I EXPECTING, PLEASE TELL ME SUGGITIONS FOR THIS .AND CORRECT ME IF I HAVE ANY MISTAKES.

hi

u will loose all ur capital within a few weeks/ months,if u trade like this.period.

regards
Anurag

 

[nac]

hi

u will loose all ur capital within a few weeks/ months,if u trade like this.period.

regards
Anurag

Hey, don't scare him man...
He would ran away from this trading.

 

[Zigor]

HELLO EXPERTS,
i am new to real day trading .but i learnt minimum basics from the trading forums.and i did trade well in the "SHARE BAZAR GAME" of reddiff website.
i saw some shares NEARLY 25 RS which are in "A GROUP" varies minimum 5 paise and 10 paisa frequently with in 5 seconds, and they traded in high volumes.finlly i want to ask,,,if i buy large volumes like 50,000 shares and i sell with a profit of 5 paisa.i mean i will get 5 paise on each share .i caluc lated with brokerage percenta of .03 and also add all the service charges lime SST,STT,STAMP DUTY which are requird. than also i will get for 50,000 shares (with the profit of 5 paisa on each share) 1450 RS. so if can trade for 20 times on each day the profit will be good for me .
THIS IS ALL I EXPECTING, PLEASE TELL ME SUGGITIONS FOR THIS .AND CORRECT ME IF I HAVE ANY MISTAKES.

Let me tell you what will be the problem you will face. The strategy you want to follow can backfire. You would definitely have days when your strategy would not work. You would lose money and hence confidence as you would not be able to work on your strategy as you don't know any technical analysis.You will lose confidence as your strategy has not worked. Suppose you lose next day as well. You will be disheartened and disappointed.

Something which is luck dependent and lacks pure technical analysis can work for a while but not for long.

My Friend trading is not easy & Day trading is even tougher. You can learn the Technical analysis and start with a small amount.

So, I would strongly suggest not to go for this strategy .There is a high probability that you will lose money and your confidence.

 

[shareguard]

Please please please do not even think such methods. It will be your failure. A slow and steady approach will fetch you handsome profit. Take care.

shareguard