Dabba walah

[umeshmandal]

Canned Dabbawalah, anyone?

http://timesofindia.indiatimes.com/...hops-in-stock-market/articleshow/48175828.cms

Hmm, these dabbawalah, turning black into white, are doing it in the "official dabba" (read Official Terminals of BSE/NSE) ! Have had first hand experience with a few !

 

[umeshmandal]

A consistent trader cant survive with any of the dabbah wallah

They will track your performance for one month and understand your nature of profit and losses,if one is a consistent earner or is a professional trader ,they will close your account,Since your profit is their loss.

They purposefully give high exposure as they want you to lose as early as possible ,all your lost margin is their profit.

They simply main a register of trades without actually punching trades into the system.Have a couple of freinds trading with them ,They behave like casinos and hate the consistent money makers which we all here aim to become.....:lol::lol::lol:

Aman, Its not the ground reality! What you are talking about is :small dabbawalla trades ! The BIG WHALES dont care about a consistent earner! They know that the overall ratio in Dabba will also be 90% to 95% losers and
only 5-10% winners!
Do you know these BIG Dabbawaala also provide terminals for online trading! How?
They will Register multiple ID's in there and associate's names with a discount broker and give their client Log in Password ! The Dabba client can buy 50 Nifty Futures, i.e 2 lots Nifty. Now this is considered as 1000 (40 lots ) Nifty futures. So this trade of 2 lots in Nifty future is actually a Trade of 40 lots and profit or loss is calculated for 40 lots. There is no dispute of entry exit rates ! All this happens on trust !
In Jaipur there is a Dabba trading room. In fact it is like a Slow poison room. You need to deposit an amount before trading! Minimum deposit is Rs.1000/- . That amount is your max Profit / Loss for the day! You can trade in STOCKS only and not Indices.
Here again the entry exit rates are not decided by the screen alone but actual trade on screen . Example : A trader deposits say 1000/- Wants to buy / Long 100 SBI ! the operator buys 2 shares of SBI in CASH segment,and that is traders entry price in 100 shares of SBI ! Say he bought at 270/- The operator places a SL at 260/- max or trader can give his own SL withing this level. The max 'exit price would also be Rs.280/- a 10/- profit ,i.e max 10X100=1000 ! Ofcourse you can exit at 271 and take home 100/- less their brokerage ! No STT, no IT, No Turnover etc!
The reason for buying 2 shares is to give the trader an opportunity to exit in 2 stages of half qty. in each step! If you wish to Book profit in 50 shares of
SBI, you sell 1 share. I called it slow poison room because a compulsive speculator's capital dies a slow death here !

 

[ashu1234]

Canned Dabbawalah, anyone?

http://timesofindia.indiatimes.com/...hops-in-stock-market/articleshow/48175828.cms

That's not exactly a Dabba trade, that's manipulation or ring trading, where a group of people artificially inflate a counter. Money is made by:
1. converting black money into white.
2. distributing low cost stock at market peak to general public.

On other hand Dabba operators gain by Brokerage(a bit low, but high volumes make a handsome gain, and by the fact that 95% traders loose finally in long term. And lastly these operators have option to offload net lots in real market if the position demands, so its a win win for them in any case.