Re: This guy is consistantly making profits from scalping

[uasish]

Re: This guys is consistantly making profits from scalping

All of us who are Daytrading since long by now may have found that there are couple of Set-Ups which gives better results.That may not be scalping it can be a Breakout/Breakdown or it can be Reversal ,anything which gives few points.Let us Focus on those particular strenght area & build on it.
Scalping can be this guys Forte area.

 

[pasha]

Re: This guys is consistantly making profits from scalping

"This guy only trades two stocks AAPL and RIMM. If I'm trading in a different country, he advises me to find very popular stocks (highly active and traded), high volume, very tight spreads (apple usually has only 1 cent spread).

So what stocks do you think, according to his criteria are good for nifty?"

According to the site a Level 2 screen is an essential requirement for the system to work which is impossible here. The system probably depends heavily on bid/ask prices.

 

[pabmove]

Re: This guys is consistantly making profits from scalping

Well decided to buy his videos. Let see what happens huh

 

[ARMHM]

Re: This guys is consistantly making profits from scalping

Day Trading and especially F&O trading is a game. There are more than one loser for every winner. So who profits from it? Your broker(by commissions) and government (by taxes). If two guys play a game in a casino and they are both experts then in the end they both lose because you have to pay casino charges and tax. It is the same in stock markets (F&O and day trading only). As Warren Buffet had said when asked wether he is still bullish about the U.S. for the long term?
"The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway. But it stands to reason. I mean, we get more productive every year, you know. It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market."
I think that goes for India too. One should be greedy when others are fearful and fearful when others are greedy.
FOR LONG TERM ONLY

 

[pasha]

Re: This guys is consistantly making profits from scalping

There's a guy I know (a member of traderji, although he hardly posts), who converted his 60,000 Rupee account to 32lakhs in in 8months, no additional capital introduced. Didn't believe it myself till he gave me his indiabulls login info and I verified it personally. After this incident, I have begin to rethink impossibility.

Coud you tell us a little more on the type of trades? Options, futures or stocks and holding time of a trade.

 

[Drsktvet]

Hello. I m new to this great forum.But certainly stock having high beta value is picks for day trader.Like adlabs,Jpass etc

 

[HEM]

Re: This guys is consistantly making profits from scalping

There's a guy I know (a member of traderji, although he hardly posts), who converted his 60,000 Rupee account to 32lakhs in in 8months, no additional capital introduced. Didn't believe it myself till he gave me his indiabulls login info and I verified it personally. After this incident, I have begin to rethink impossibility.

Could you tell us a little more about his type of trades? Options, futures , stocks or delivery based ?

 

[TFL]

Re: This guys is consistantly making profits from scalping

Just thinking... if somebody could make that kind of money why would he be selling videos.

I recently read an intresting statistic given by ICICI direct. That you take all their intraday calls (10000) margin for each and you would have made a huge sum - in lakhs. I actually took some of those calls and consistently lost money. Then I managed to get intraday data to check those calls. Found that you can almost never manage to get in at their entry price. By the time you get in price is close to Target 1. Then it comes down and you get an exit instruction slightly above/below their entry price for long/short. So technically it is a profitable call but you are in a loss.

Dont get me wrong, I am not saying that panda's strategy is not workable. Just highlighting the need to be cautious.

Yes its true we will not get the time to enter into their calls most times it will hit target before we enter. Its because of the large nol of people trading in those calls. I looked at the charts and found that if we trade their calls super fast (Not using icicidirect) we can trade them. I tried it successfully.

 

[HEM]

Re: This guys is consistantly making profits from scalping

There's a guy I know (a member of traderji, although he hardly posts), who converted his 60,000 Rupee account to 32lakhs in in 8months, no additional capital introduced. Didn't believe it myself till he gave me his indiabulls login info and I verified it personally. After this incident, I have begin to rethink impossibility.

oxusmorouz, please throw some light on some questions about your quote :-

(1) is this guy is useing metastock or Amibroker ?

(2) his type of trades:- Options, futures or cash ?

(3) Day trading or delivery based ?

(4) In what time frame he is trading 5 min ,15min, 30min or 60min or other time frame ?

(5) trading based on chart technique or metastock - amibroker indicator ?

Regards
Hemant

 

[adultvish]

Re: This guys is consistantly making profits from scalping

So many egos around.... I'm surprised the human race didn't die out yet. Look fellas, take it easy. Only want to discuss.

BTW, I'm not associated with the guy. Just want to discuss so we can discover his special trading system

Besides, shouldn't daytraders help daytraders. Sure, even if I haven't got a clue and I want to make money and I put my money to risk, I'm sure someone else will take my loss for profits. That way, we have a healthy economy and at least the money is moving then everyone can get fat of profits.

having said that, let me get back to the orignal post and see if I get some educated answers:


"This guy only trades two stocks AAPL and RIMM. If I'm trading in a different country, he advises me to find very popular stocks (highly active and traded), high volume, very tight spreads (apple usually has only 1 cent spread).

So what stocks do you think, according to his criteria are good for nifty?"

Reliance Infra can be the One; if you can understand its movement.

Best of Luck and happy trading.