Please AVOID RELIANCE MONEY

[hari09omkar]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

It because of the advice of people like you that dreamy eyed amateurs bet their shirt and loose it only to never come back. They tell stories of how stock market is a 'satta' and controlled by a few. You are doing a dis-service to the investor community.

Do u know from which year futures trading started in India? 2000.Before 2000,do u know that the traders could have taken long and short positions both in the cash market? The difference from today was the 'settlement' period,which is T+2 now,but was longer then.Then it was called 'POTA' for long and 'MATHA' for short positions,among traders.And like one can take long positions of ne amount,today,be it 2000 rupees or 2 crore,and take delivery,then it could be done for both sides......one would have taken deliveries of long and short positions of ne amount,depending on the broker's contracts.....be it 200 or 2 lakhs? It was not far from today.Just less than 8 years back.
Take interviews of those people who have taken Himachal at 1900 rupees,and didn't get out in time and still holding it.I know of a person who knows these losers.
Inspite of wasting my time,why don't u start trading and realise on ur own that it is immaterial which direction u r trading?....what is important is knowledge of how to trade and how to manage risk.And understand it is very easy to talk about going long 100 times,but to survive those trades and profitting from them,months after months is how tough.

 

[constantine768]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

Hari09Omkar, it looks you are very much knowledgeable about stock markets.
Rather than being angry on others it will be great if you share some insidies of what we newbies must know.

 

[sudoku1]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

Do u know from which year futures trading started in India? 2000.Before 2000,do u know that the traders could have taken long and short positions both in the cash market? The difference from today was the 'settlement' period,which is T+2 now,but was longer then.Then it was called 'POTA' for long and 'MATHA' for short positions,among traders.And like one can take long positions of ne amount,today,be it 2000 rupees or 2 crore,and take delivery,then it could be done for both sides......one would have taken deliveries of long and short positions of ne amount,depending on the broker's contracts.....be it 200 or 2 lakhs? It was not far from today.Just less than 8 years back.
Take interviews of those people who have taken Himachal at 1900 rupees,and didn't get out in time and still holding it.I know of a person who knows these losers.
Inspite of wasting my time,why don't u start trading and realise on ur own that it is immaterial which direction u r trading?....what is important is knowledge of how to trade and how to manage risk.And understand it is very easy to talk about going long 100 times,but to survive those trades and profitting from them,months after months is how tough.

in a bull market.....shorters r gonna lose their houses while in bear mkts....bulls will b kicked out of their houses......SIMPLE.....

 

[hari09omkar]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

Rather than being angry on others it will be great if you share some insidies of what we newbies must know.

Not angry but hungry(of wisdom).
Ok....newbies should learn simple money management and position sizing rules first.Complex mathematics will come later.First chapter is MM and discipline.It is taught at the last.There is the fault.Then will come the methods to trade,which will be a real learning.Then advanced MM aproaches and stastical finance.One after the other and step by step learning and unlearning is needed.Start with this:

http://www.traders.com/Reprints/PDF_reprints/TC_FINE.PDF

More:
http://www.traderji.com/52402-post305.html

http://www.traderji.com/52404-post307.html

http://www.traderji.com/52406-post309.html

http://www.traderji.com/52408-post310.html

http://www.traderji.com/53475-post334.html

http://www.traderji.com/53487-post335.html

http://www.traderji.com/53503-post336.html

http://www.traderji.com/53964-post349.html

http://www.traderji.com/53982-post351.html

http://www.traderji.com/945-post1.html

http://www.traderji.com/23951-post1.html

http://www.traderji.com/69429-post1.html

http://www.traderji.com/69430-post2.html

Then start reading a basics book of TA.....of Murphy or Pring.....and read Saint's:http://www.traderji.com/trading-technicals/6072-teach-man-fish.html

Then start positional trading and start the second phase of learning with a good software and reliable data feed and with lots of books,magazines(TA) and backtesting........and inventing....Hope this helps.

 

[666]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

I agree that we must be responsible traders and never over-leverage

 

[666]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

Excellent study material for risk management strategies
thanks!

 

[greatbabee]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

All your discusions are very scary man,as i have just opened a demat a/c first time in my life at reliance money

 

[deoria]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

u can try idbipaisabuilder.in for fare trading, but it works like sarkari company

 

[anjanr]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

In any online trading platform ensure tht trading is complete in terms of open position, order etc. I generally take a screen shot of the same. During Reliance start days, there was a bug in the easytrade and square order used to be executed twice and new position created. I lost money because of this and I had sufficient proof to prove that they had a bug. They rectified the problem and gave me the money.

 

[kuriako]

Re: Please AVOID RELIANCE MONEY- #1 CHEATERS

what are you trying to say? are you saying that newbies should jump it shorting and leverage without any experience of trading deliveries?
Is every one born an expert money/risk manager?
Dealing in deliveries involve lesser money/risk management skills and is the best point to start. Once they are familiar with the nuisance they can move on to leverage. You ask any experienced investor he will tell you the same thing.

May be due to less experience, but I must tell!

Shorter time frame ==> Shorter Risk!

So should newbies jump into longterm positions or swings?

Or should they feel the market with intraday and the noises???

I chose the intraday path! Now slowly moving to positional as I am having no time for intraday! These people close the market by 3.30pm

But practicing it in "forex" at midnight!

Practice makes man perfect!
If you are trained in a short time frame, then you will be able to glue to higher time frames with less effort!

Just like learning to drive a truck and then driving a car

But patients is lost in positional trades! Waiting waiting and still waiting for the target(stoploss ) to arrive!!!