Still in Confusion: Please Help!!

M

mrshaana

New Member
#1
#1
Friends,

I am a beginner for stock market. I did paper trading for three months in NSE intraday. Now I have a confidence that I can make profit from share trading. From the past three months, I am watching this forum and other blogs, etc. But I am still in confusion about which broker I can choose. I am from Chennai.

My capital is 1,00,000 with 10 times margin. So it is 10,00,000 (5,00,000 min) per day. I want,

** 0.02% or minimum for Intraday
** 0.20% or minimum for Delivery
** 0.02% or minimum for futures
** Exposure should be minimum 5 times for ALL SHARES (not only A B grade shares)
** Trading Software should be Free
** I am ready to pay maximum of 5000 upfront fee which should be refundable based on the brokerage generated.
** Execution of orders should be fast

Please suggest which broker offers all those.

Thanks
 
findvikas

findvikas

Well-Known Member
#3
#3
What is the rush? Why do you want to lose your money quickly?
Leverage is a tool for mass destruction, if used correctly then it will be destruction to the other party otherwise you will hit yourself very badly.

As the saying goes, long term investments are short term investments went wrong. It does not stand true in case of leverage.. you have to close your position on the same day. Every trader has done this mistake, I have done it as well. I had been approved to trade with over 15 times margin and I used to play EDUCOMP because of its massive intraday moves. Had couple of days where I made over 25K in 1 trade but as I said.. its a tool for mass destruction.. one trade goes wrong... and you lose 1 months profit (at times even your capital).

I know my words wont be able to stop you from what you want to do, so to answer your initial question.. if you want to save on brokerage then take RK Global's Zero brokerage plan.. (fixed 999/- monthly rental + software charges)

You should not worry about X,Y,Z company not allowed to be traded because of the reason they are not permitted most of the times.. they are highly illiquid stocks and mostly infected by operators. The more choice you have the more difficult it become, NIFTY's 50 stocks or even BSE's 30 stocks are more than enough for anyone to trade daily and make a living.

Hope that helps.
 
M

mrshaana

New Member
#4
#4
What is the rush? Why do you want to lose your money quickly?
>>> hahaha. I can understand your fear that 95% of the intra traders end up with loss and thats why your words are starting like this. :)

Leverage is a tool for mass destruction, if used correctly then it will be destruction to the other party otherwise you will hit yourself very badly.
>>> I strongly Agree. However it is not possible to gain (I agree even loss) more without using leverages. I personally have decided not to use the exposure more than 5 times. I hope it is fine. And usually I strictly follow my own stop losses.

Every trader has done this mistake, I have done it as well. I had been approved to trade with over 15 times margin and I used to play EDUCOMP because of its massive intraday moves
>>> Sad to hear, though, I will never trade in more volatile shares....

one trade goes wrong... and you lose 1 months profit (at times even your capital).
>>> I hope this will happen only if you use leverages wrongly and do not use any stop losses. Do you agree?
I will diversify my capital and will trade in multi sectors. I will not stick with a single sector at any cost. :)

I know my words wont be able to stop you from what you want to do
>>> Certainly.

If you want to save on brokerage then take RK Global's Zero brokerage plan.. (fixed 999/- monthly rental + software charges)
>>> I do not like this plan... :(

You should not worry about X,Y,Z company not allowed to be traded because of the reason they are not permitted most of the times.. they are highly illiquid stocks and mostly infected by operators. The more choice you have the more difficult it become, NIFTY's 50 stocks or even BSE's 30 stocks are more than enough for anyone to trade daily and make a living.
>>> Hmmmm...Thanks for the info.

Guys,

Any more comments and suggestions on the selection of brokers who gives the mentioned options....


Thanks in advance....
 
J

jksuper

New Member
#6
#6
findvikas said:
What is the rush? Why do you want to lose your money quickly?
Leverage is a tool for mass destruction, if used correctly then it will be destruction to the other party otherwise you will hit yourself very badly.

As the saying goes, long term investments are short term investments went wrong. It does not stand true in case of leverage.. you have to close your position on the same day. Every trader has done this mistake, I have done it as well. I had been approved to trade with over 15 times margin and I used to play EDUCOMP because of its massive intraday moves. Had couple of days where I made over 25K in 1 trade but as I said.. its a tool for mass destruction.. one trade goes wrong... and you lose 1 months profit (at times even your capital).

I know my words wont be able to stop you from what you want to do, so to answer your initial question.. if you want to save on brokerage then take RK Global's Zero brokerage plan.. (fixed 999/- monthly rental + software charges)

You should not worry about X,Y,Z company not allowed to be traded because of the reason they are not permitted most of the times.. they are highly illiquid stocks and mostly infected by operators. The more choice you have the more difficult it become, NIFTY's 50 stocks or even BSE's 30 stocks are more than enough for anyone to trade daily and make a living.

Hope that helps.
Click to expand...
Thinking of getting an account with RK Global...could you please give some feedback relating to customer support, terminal and any positives as well as the negatives...
 
P

pawan84_garg

Member
#7
#7
hi mrshaana
i think smc global securities ltd ful fil your all need
intraday 0.015% minimum 0.02%
delivery 0.15% minimum 0.20%
future 0.015%
if you give your first margin cheque rs. 25000 than a/c opening also free
if you generate brokrege of rs. 1500 in one year than online software also free
 
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