already lost 90%!

Agilent · #**131** 5th February 2007, 11:41 PM

Quote:

Originally Posted by zse9

Bad luck you are not a seasoned trader. We could at least have been proud that the richest person in the world is an Indian, just because he thought that making any less is a waste of time.

(Assuming you started with just Rs. 1000 and traded for 3 years @100% per month that should make it around a trillion dollars. You do realize that. Right?

Or maybe you meant you trade with Rs. 10,000 and you have made Rs. 10,000 per month couple of times. With higher amounts if you can make this claim, I would be really impressed.)

Please remember there are a lot of people that take some of these statements at face value because they regard people like you as experts who are being realistic.

What he probably meant is 100 % a year ... it cd be a typo ... give him benefit of doubt

In any case I had pointed out to him that he was in the wrong thread , but he did not understand why I said that

Shobhendra cdn't care less whether anyone else makes 100 % in a mth or in a year ... his problem is how to repay his debts

God bless them both

AGILENT

CreditViolet · #**132** 6th February 2007, 01:44 AM

Quote:

Originally Posted by zse9

Bad luck you are not a seasoned trader. We could at least have been proud that the richest person in the world is an Indian, just because he thought that making any less is a waste of time.

(Assuming you started with just Rs. 1000 and traded for 3 years @100% per month that should make it around a trillion dollars. You do realize that. Right?

Or maybe you meant you trade with Rs. 10,000 and you have made Rs. 10,000 per month couple of times. With higher amounts if you can make this claim, I would be really impressed.)

Please remember there are a lot of people that take some of these statements at face value because they regard people like you as experts who are being realistic.

You are not getting it, whenever one talks of % returns the nubiles started bashing about compounding. < If 100% a day is this then after this many years you ought to have this and that> May be in Alice land but not in reality. Ever tried trading 50 lots in NF trying to shave off 5 pts? If you make 40 points on NF on a single lot and do that 10 times a month when the ADR is 1.5 times, then what would your % returns be? A daytrader isnt trying to compound his way into Forbes Billionaires list, he is just trying to trade on margin for small edges and making a living.There is a liquidity and edge issue here if you realize, but you have made abundantly clear that you have no idea what you are talking about.

CV

CreditViolet · #**133** 6th February 2007, 01:48 AM

Quote:

Originally Posted by Agilent

What he probably meant is 100 % a year ... it cd be a typo ... give him benefit of doubt

In any case I had pointed out to him that he was in the wrong thread , but he did not understand why I said that

Shobhendra cdn't care less whether anyone else makes 100 % in a mth or in a year ... his problem is how to repay his debts

God bless them both

AGILENT

Right. Maybe I am a little slow. Why dont you point out if I have said something that is not factual and we can take it from there.

CV

kkseal · #**134** 6th February 2007, 02:39 AM

Quote:

Originally Posted by Agilent

What he probably meant is 100 % a year ... it cd be a typo ...

Huh ... 100% a year is something achievable even by the stupid investors/fund managers ... with no idea of anything ... and their stupid buy & hold policies ... that too based on stupid Fundamentals ... and with compounding and all that crap

I'm sure 'great' day-traders with their great-edge systems can achieve much more - 100% a day perhaps (you could be right ... might well have been a typo).

With such a system our friend could have paid-off his 'debt' in 5 days.

Regards,
Kalyan.

Agilent · #**135** 6th February 2007, 10:17 AM

Quote:

Originally Posted by zse9

Bad luck you are not a seasoned trader. We could at least have been proud that the richest person in the world is an Indian, just because he thought that making any less is a waste of time.

(Assuming you started with just Rs. 1000 and traded for 3 years @100% per month that should make it around a trillion dollars. You do realize that. Right?

Or maybe you meant you trade with Rs. 10,000 and you have made Rs. 10,000 per month couple of times. With higher amounts if you can make this claim, I would be really impressed.)

Please remember there are a lot of people that take some of these statements at face value because they regard people like you as experts who are being realistic.

CV
With due respect, either your English is deficient or yr maths .
Or ... neither of the above, but you are a seasoned diplomat skilled in obfuscation.

I mean ... lets see you counter what ZSE is saying (mainly that your proclaimed returns of >100 % per mth may have come about just a few mths in the past 3 yrs ... and ... lets be honest , there wd have been several mths when u may have even lost !)

So why don't you come out clean and tell all of us (iincluding Shobhendra) that what you really meant was 'occasional' returns of 100 % per mth, and that over a long period yr returns have been (so much only ... 40% ? 75%? 95% ?) on an annual basis .. even at these levels, believe me, you wd have outperformed most traders in India

If you find it difficult to say it here in public, just go look at yr self in the mirror and ask yrself what is the truth. It may hurt a bit, but never mind ... for the sake of truth

AGILENT

oxusmorouz · #**136** 6th February 2007, 10:29 AM

Agilent,the last thing we need in this forum is a fight amongst ourselves. For if we do fight, external forces such as Shobendra will exploit such a situation to their advantage.
This thread has seen its days and as Satya already said, there's something to take from this as always.

Agilent · #**137** 6th February 2007, 10:49 AM

Quote:

Originally Posted by oxusmorouz

Agilent,the last thing we need in this forum is a fight amongst ourselves. For if we do fight, external forces such as Shobendra will exploit such a situation to their advantage.
This thread has seen its days and as Satya already said, there's something to take from this as always.

No one is fighting .. some of us are only trying to unravel the truth ... so that the scores (hundreds ? of the 10 K members here) of relatively inexperienced members on this forum do not get 'taken in' by lofty claims of some few who are relatively more successful, or those who play on semantics and misleading statistics

Do u get me ?

AGILENT

swagat86 · #**138** 6th February 2007, 11:22 AM

Frnds, lemme say this. Intrday trading has its own Pros and Cons. When u look into compunding considering 1% a day(which is just from Rs 100 to 101) and 250 trading days a yr u can go places. Now the thing is u hav to trade very very liquid markets if ur trading Big. if ur trying to buy 50 lots of Nifty Futs u may get it pretty easily as agaisnt an Escort or Bharat Forge.

Wat im trying to point out is. Most investors get happy with 15% or more returns. But the fact is that, for a person trading for a Living 15% is too less. Unless off corse u hav a huge capital base.

Its simple Zes, Agilent. its simple compounding we all know about. 1% a
day-simple. So 100% is not impossible. We consider Trading as a Business ryt. For a businessman maximisation of Profit is the main thing. Nothing else matters. Im sure CV as an experinced guy has mastered the art. So we all are bewildered by his "100% a month". So y not learn from him instead of trying to argue with him for his statements.

If Rakesh Jhunjhunwala can take Rs 5000 to 750 CR. Y not others. But the problem is here. Everybody cannot be Mr Jhunjhunwala.

Lastly, i must say this. Everybody doesnt hav the aptitude for a business. i mean any kind of business. Thats y for every success there are hundreds of failures.

Thanks

kkseal · #**139** 6th February 2007, 11:26 AM

Quote:

Originally Posted by oxusmorouz

Agilent,the last thing we need in this forum is a fight amongst ourselves. For if we do fight, external forces such as Shobendra will exploit such a situation to their advantage.
This thread has seen its days and as Satya already said, there's something to take from this as always.

For me the take is that there are two kinds of bluffers (or Pretenders, if you like) - the crass & the sophisticated. The latter is more difficult to see through - but they do leave their imprints.

Regards,
Kalyan.

oxusmorouz · #**140** 6th February 2007, 11:37 AM

[quote]For me the take is that there are two kinds of bluffers (or Pretenders, if you like) - the crass & the sophisticated. The latter is more difficult to see through - but they do leave their imprints.

Regards,
Kalyan.[ /Quote]

Not sure what you meant by that exactly nor am I sure whom you are trying to point at, but I do feel the importance of discontinuing this thread before it gives a negetive breakout...

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