jobbing at mcx ..

hi frds,

earlier i was trading with help of technical analysis and used to hold position for 15 20 mins in mcx commodity, but last week i entered and exited trades in 2 - 3 mins
and noticed that jobbing has more potential than my previous trading strategy..
so would like to know==
1) anyone who has done jobbing Wat are Ur views for jobbing and which are companies which provides training for jobbing .
2) wat are pros and cons ?
3) is it true at eod jobbers and arbitrageurs make money ?:thumb:
4) any views regarding my views and concepts are mostly welcome :clapping:

hi ankit ,
Iam also intrested in jobbing and trying various sources .can u tell me what are the methods u do for jobbing .thanks

regards
bala

hi bala , currently i am trying to do screen reading but finding it damn difficult.
and making notes wat are cruial levels at which rates doesnt break support and resistance . need to devote more time for this....u tell ...wat are methods u following for jobbing ......ankit909@h o t m a i l c o m

@Aniket

Mainly In Jobbing ..Frist And Last Rule Don't Stay In Position ( Min. To Min. Hold Position in second not more than that )
Min. time in position ..Jobbing ..With Profit loss 0.10 paisa to 10 rs /profit loss ...

If you look it seriously then frist learn Only entry exit ..very fast ..concentrate on your SPEED . ..Don't look at Profit or loss ...only entry and exit .

In Mumbai too many firm provide training butt they sign contract with you ..1.5 yr -3 yr .. min. they provide you free of cost training

@ EOD ..make money or not ..it's depend's on Experiance / skill

i am student here learn to jobbing/arbitrage

regard's

hi vishal,
What is that arbitage .can we do intrday arbitrage .can u explain more in detail.
regards
bala

thanks vishal for ur reply ....can u discuss wat are techniques for jobbing .

is it compulsory to look at lme,comex , nymex charts for trading in mcx..


@balaji

hi bala , yes we can do arbitrage in intraday also ... but there are many
things like a/c in both exchanges ,currency, rate units , lot size,etc to be consider.
i would pefer jobbing as it doesnt require any calculations and mapping ..:clapping:

hi
first thing is that there are no classes that teach u jobbing, most of the brokers train u in arbitrage.in most of the cases after yrs of doing arbitrage, u develop an intutive feel of the price movements and u start jobbing with arbitrage. therefore most of the jobbers are both arbitragers as well as jobbers. though in few cases some people do exclusive single market jobbing, but beleive me it takes yrs of hard work and then too u are never sure of ur being profitable next month bcos market dynamics keep on changing.few people adapt to the changing circumstances and few people are not able to.
this is not to dissuade u frm taking up jobbing as a careear,but be prepared 2 put in yrs of grind.
regards
Anurag

hi Anurag,
as u r already into jobbing ,
1) can u discuss techniques of jobbing ,
2) which are companies which provide traning for jobbing ?
3) wat is profit/loss sharing ratio? is it contract basis?
4) are there any website or books for jobbing ?

thanks in advance ........

hi ankit
I have been doing single market jobbing. here u try to scalp the markets . as I said earlier there are no books , websites or coaching classes that can teach u jobbing. it is more of an intutive feel that u develop after yrs of trading.
u can do jobbing on profit sharing model as well as commission basis. in the profit shariing model u pay little or no commission to ur broker, but pay him sum percentage of ur profits ranging frm 20%-40%. I am more comfortable with paying a flat commission, around 200-300 rs per crore of transaction.
regards
Anurag

hi anurag ,
thanks for ur reply..
1) currently i am paying 1200rs on 1 cr transaction,which i think is more..
for this type of strategy
2) can u name brokers u are using with 200-300 rs flat on 1 cr .
3) where can u operate from , using this type of brokers terminal?
4) one thing is sure , traders make money or not , brokers do just by providing terminals...actually they are hungry hunters looking for our type of
traders....
5) if u unable to name them here , plz do mail me at ankit909 at hotmailcom

thanks