Time to Stick my Neck Out ,Nifty 7300

milkyblack · #**4841** 13th May 2008, 03:39 PM

Quote:

Originally Posted by gkpc

Made total profit of 186.90 Nifty points in trading 6X4=24 lots at an avrage od around 7.80 points per lot.

186.90 Less brokerage etc. for buying and selling 24 lots.

186.90 X50= 9345 less 180X24 trades=4320 Net : 5025/-approx. (Excellent for me)

Just see how much the brokerage matters when you trade for small profits.....
Mine is just 0.02% and my friend says it among the lowest that i can get!!!
To quote rkk ," Money saved in brokerage is money earned in trade "!!!!
seek advice to reduce brokerage!!!!!!
Regards
-Gautam

Congratulations

Yes you are right! In small trades... the broker gets rich... even I am trying to stop small trades... But unable to... today could not make money through small trades...

Regards

gkpc · #**4842** 13th May 2008, 03:43 PM

Quote:

Originally Posted by gkpc

Trades till now : traded 4 lots in every signal
L 5045.20 exit 3 at 5055.70 and 1 at 5041.80
S 5041.80 exit 3 at 5030.30 and 1 at 5045.20
L 5045.20 exit 3 at 5056.70 and 1 at 5052.80
S 5052.80 exit 4 at 5061.20 SL hit w/o first tgt of net 10 points
L 5061.20 exit 3 at 5072.70 1 at 5059.80
S 5059.80 exit 3 at 5048.30 holding one lot with sl now at 5041.20
Exited at 5008.20

On analysing my trades i observed that had i not booked 10 point net profits for 3/4 quantity in all trades, i would have exited 1st 2nd and 4th trade in loss of around 100+ points but the same would have been made up in the last trade where i exited 3/4 qty at 10 net points and the fourth lot gave 50+ POINTS.....so i wud hv got 150 extra points!!! Which is the rught way to do things.... keep on reversing trades w/o booking partial profits or do as i hv been doing...
Need sincere advise from all Please!!!!!
Regards
-Gautam

kvram · #**4843** 13th May 2008, 03:49 PM

dear gautam sir rmoney is least charging arnd 0.01 plz ask them.Only thing we should get good service , even karvy ppl offered for 5 lots nifty per day 500 rs. for squareup.

gkpc · #**4844** 13th May 2008, 03:55 PM

Quote:

Originally Posted by kvram

dear gautam sir rmoney is least charging arnd 0.01 plz ask them.Only thing we should get good service , even karvy ppl offered for 5 lots nifty per day 500 rs. for squareup.

Sir, Thanks for your input, but rmoney is bad!!!! No back up and the trading platform is not reco. by many.
I'll look into the Karvy thing as i plan to trade intraday only!!!
Thanks
-GKPC

gkpc · #**4845** 13th May 2008, 03:58 PM

Quote:

Originally Posted by milkyblack

Congratulations

Yes you are right! In small trades... the broker gets rich... even I am trying to stop small trades... But unable to... today could not make money through small trades...

Regards

Hi, I calculated, in the brokerage of 180 that we pay , broker gets around rs.102/- and the exchange and stt ans service tax taxes etc are Rs.80/-!!!!!
But dont you think the net result matters.... yes let us stive to reduce the cost....
Thanks.
gkpc

milkyblack · #**4846** 13th May 2008, 04:13 PM

Quote:

Originally Posted by gkpc

Hi, I calculated, in the brokerage of 180 that we pay , broker gets around rs.102/- and the exchange and stt ans service tax taxes etc are Rs.80/-!!!!!
But dont you think the net result matters.... yes let us stive to reduce the cost....
Thanks.
gkpc

Yes the net result matters... and nowdays I am striving hard to cut down cost...

Once again congratulations for the profits of the day!
Regards

darsh_goswami · #**4847** 13th May 2008, 05:45 PM

Quote:

Originally Posted by gkpc

Hi, I calculated, in the brokerage of 180 that we pay , broker gets around rs.102/- and the exchange and stt ans service tax taxes etc are Rs.80/-!!!!!
But dont you think the net result matters.... yes let us stive to reduce the cost....
Thanks.
gkpc

Dear Gautam ,.. n other members ,..

Few of the things one should not forget while ur a day trader.

>> Brokerage rate - what everybody thinks they r paying higher brokerage. I should say a higher brokerage should not matter till ur broker is giving u what u want.
>> I m not against Rmoney but as far as i know the trading procedure in Rmoney is using Token Key. Now in a Volatile market u can not trade faster with it. So its useless stuff from Rmoney even if its free.

What an intraday trader needs ,.. is simple and fast interface to trade.... Sometimes leaverage position... and a rational brokerage.. Thats it.

My broker charges me 2 paisa for intraday . So for me i dont think i will seek
for cheaper than that as far as i m earning. Tuning between u and ur broker also matters rather then brokerage. And my broker helps me , and even sometime when i need leaverage ( i dont need to rush to my bank account and give him a cheque instantly. ).

So for me , Trade with one broker for long time gives u more flexiblity also u can get ur rates deducted time by time. I'm just wondering people r afraid to pay 5 paisa a day. I remember i paid 20 paisa a day for intraday trades. so for me from 20 paisa to 2 paisa .. quite cheaper right ??

Regards,..
Darsh

tech2stock · #**4848** 13th May 2008, 06:30 PM

dont forget to add 1507 which u owe the taxman.....

Quote:

Made total profit of 186.90 Nifty points in trading 6X4=24 lots at an avrage od around 7.80 points per lot.

186.90 Less brokerage etc. for buying and selling 24 lots.

186.90 X50= 9345 less 180X24 trades=4320 Net : 5025/-approx. (Excellent for me)

Just see how much the brokerage matters when you trade for small profits.....
Mine is just 0.02% and my friend says it among the lowest that i can get!!!
To quote rkk ," Money saved in brokerage is money earned in trade "!!!!
seek advice to reduce brokerage!!!!!!
Regards
-Gautam

Regards

uasish · #**4849** 13th May 2008, 07:54 PM

Quote:

Originally Posted by new2sm

anyone knows how to get Volume chart in PIB?

new2sm,

Onening a chart in PIB can be done by Highlighting on the scrip & then click F5 button.Then on the Option button above the chart -> add indicator-> volume,after you get volume to keep that fixed you can right click on the chart & use 'save settings'.
Hope this satisfies your query.

Asish

rkkarnani · #**4850** 13th May 2008, 11:42 PM

Quote:

Originally Posted by tech2stock

dont forget to add 1507 which u owe the taxman.....

Very correct, though the figure may be a little less considering the approx. 1040/- paid as STT will be deductible as expences.....