Trading diary : Trying to become crorepati.

[leo_3455]

Welcome back Dev.

Good news is most of your old "friends" are not here

 

[Dev Mookerji]

Welcome back Dev.

Good news is most of your old "friends" are not here

:clap::clap::clap:

 

[praveen taneja]

Welcome back Dev.

Good news is most of your old "friends" are not here

Ohh he is our old dev
I was confused when in a post he wrote to sudoku nice talk after a long time
Dev I will b happy with even lakhpati:clap:welcome back

 

[alpeshjparekh]

hello dev and every body in the forum,

today i have been reading dev's posts and replies to it,dev there is something in your post that is disturbing me.i would like to express my views on it.
1) time to become crorepati with two lacs sorry 2.50 lacs in five years and again adding capital to it whenever required is a bit confusing because i think let the market take its time to make you corepati.it is never so that we think and market moves that way,it generally moves opposite to publics thinking. as we saw last month that there was so much noise in the market that nifty would touch its october lows and may move more down,but the result ???? we all r seeing.
2) u have not explained whether u will be a day trader or a long time investor.
3) neither u have explained in how many items/scripts u would be trading or investing.
4) you have not even traded and you raised your capital to rs 50000/-,do u have the same guts to take out profits also as fast as you bring in the money?
5) i think before starting you should re think because one more think that markets had already risen 20-25% from its recent lows and many shares 40-45% like icicibank.
6) also i believe that this is a business (trading/investing) of very high patience and cool mind.

i would not like to take much of anybodys time as this discussion will be in pages. so again do porper money management and planning because rs 30000 kept aside for brokerage is not necessary as that would already be included in 70000 and 150000

 

[learn2trade_ar]

Best of Luck Dev!!!

 

[Dev Mookerji]

1) time to become crorepati with two lacs sorry 2.50 lacs in five years and again adding capital to it whenever required is a bit confusing

For trading in commodities addition of capital is required.

it is never so that we think and market moves that way,it generally moves opposite to publics thinking. as we saw last month that there was so much noise in the market that nifty would touch its october lows and may move more down,but the result ???? we all r seeing.

For that I have 6 yrs of Study/Experience is Technical Analysis. And for down turn of market Derivatives is there. One can go short.

2) u have not explained whether u will be a day trader or a long time investor.
3) neither u have explained in how many items/scripts u would be trading or investing.

In very first post I have said I am not a full time trader. So cant do day trading. I shall go for swing trading....time frame may depends.

@1.5 lakhs maximum 2 derivative scripes can be traded (except Nifty)
in 70K maximum 4 scrips I shall trade/invest in equities.

4) you have not even traded and you raised your capital to rs 50000/-,do u have the same guts to take out profits also as fast as you bring in the money?

The day I started this thread and after that within couple of days market/stocks gained significantly. As the Margin has increased for trading derivatives I had no option but to increase capital.

5)i would not like to take much of anybodys time as this discussion will be in pages. so again do porper money management and planning because rs 30000 kept aside for brokerage is not necessary as that would already be included in 70000 and 150000

I have decided to go for a broker house where Brokerage has to be paid in advance.

5) i think before starting you should re think because one more think that markets had already risen 20-25% from its recent lows and many shares 40-45% like icicibank.
6) also i believe that this is a business (trading/investing) of very high patience and cool mind.

Sir,

Sincere thanks for your honest advices.

dev

 

[Dev Mookerji]

Well, My broker is reliance Money.

Brokerage Plan is Rs. 1000/- for 1 crore trading time 2 months.

 

[Dev Mookerji]

In Equities I will go for SIP (Systematic Investment plan) presently. As we are still in a down trend.

 

[Dev Mookerji]

Tomorrow shall buy:-

i) Mosearbaer - 200 qty
ii) Andhra bank- 250 qty
iii) Guj Alkalies - 200 qty

No stop loss & target right now. If goes down//up shall continue doing SIP.

 

[Dev Mookerji]

Tomorrow shall buy:-

i) Mosearbaer - 200 qty
ii) Andhra bank- 250 qty
iii) Guj Alkalies - 200 qty

No stop loss & target right now. If goes down//up shall continue doing SIP.

For derivatives shall buy anyof the three scrips or go short in nifty depending upon market conditions.