MoneyControl Stock Advice+Sharekhan TradeTiger=No Loss?

Hello everyone,
Me and some of my friends have decided to invest in stocks(shares) recently and while learning about the trade (since we all are beginners), ive observed the following-

1-The daily stock advice on moneycontrol.com (the home page where it tells which stock to buy or sell) really works. For the last few weeks i crossed checked every stock which it recommended to buy and when i saw the intraday charts of the stocks at the end of the day, i observed that the price did rise-At some point of time.

2-So, if the price is rising AT SOME POINT IN THE SAME DAY, then if i sit infront of the PC for the whole day (from 8-3), i would be able to play the market without any loss. Is that right?

3-Coming back to the situation, Me and my friends are students and we have time and dont require big profits (Rs 150-300 a day is very good for us).we can sit from 8-3 and would prefer intraday, we have also thought of Sharekhans Trade Tiger software.

So, i am calling all experts and players to comment and guide us on this situation.
Assuming that moneycontrol stock advices are not wrong, is it possible for us to make 150-300 a day, if we sit infront of the PC for the whole day?

If ive misunderstood the market in any way im very sorry. im totally new to this

Ah the exuberance of youth
Breaks my heart to be the harbinger of bad news
All tips looks good at end of day if it pans out. But there is no such thing as guaranteed tip. In Short, stop chasing the holy grail. If it were that easy, all of us would have been doing the same thing... and then how would the price fluctuate? And with expectations of 150-3000, you are better of playing the lottery. With every trade you are paying brokerages and commissions which if you are trading with some of big names could cost you easily 3-4 points.

Lets stop the bad news... you seem to have started at a young age.. instead of speculation, learn the intricacies... instead of P/L try learning psychology of market... it will take you a long way .. Traderji by the way is a good place to start at .. all the best :thumb:

If you are satisfied then carry on as customer satisfaction is must in any business. When will you burn your finger then say that it is bullshit. Till you are earning enjoy. But dont hamper your studies with that. Because in long run it will not help you much after some time it become addiction. When we were new we use to talk like this. As a brother I can advice doing trading is not wrong. But first learn this art rather than relying on other because these news channels are liike bin pendi ka lota. When there tips are going right then its ok but when wrong the they say we have told you stoploss na and why dont you follow. Look dur key dhol suhawanay hotey hai. It seems everything easy but ask them who lost everything. Its good you dont have much greed now but when its convert in that even you cant imagine.Dont take much risk till you know the business properly. All the best and good luck.

dont rely on the Trade itself, and u never know when u will get addict to it , its good if ur making some money at the end of the day but if u loose some u will tend to come back for the recovery of the loss and the trend continues so focus on you studies also its good to have a backup

Hello Option.Trader,
Thanks for the headstart . Infact, i have been learning about the market since the last month from various websites, forums like tradeji and ofcourse from very helpful friends like you all.And as you have said, ive been trying to learn the way market works.Though im finding it a bit difficult to understand the market and various methods of trade, im trying my level best.Ive learned that some good ways to verify if stock will go up is to see its traded volume, share, calculate derivative and so on. However i still have to understand the technical analysis part and so on.
Every real person whom we are approaching to learn stock trading from is not recommending us to go into the market anyway.Hence, finding live tuition is real pain here.However i thank you for your valuable suggestion.

And if i may, can you give some tips for first timers at intraday? How to find if a stock is going to rise or not or something else?

Hey MANISH_DAMANI

Thanks for the help friend.And to start with, i am not going to hamper my studies for it. I think this is a better option than gossiping infront of the college when you dont feel like doing classes.

Secondly, me and my friends are trying to make some side income here.We dont want to indulge in trading.And we dont want 20k a month. Just 100-200 a day will be great!
We have decided to start with 5000 Rupees. we buy a few stocks, make 100-200 a day, and pay most of the hostel rent at the end of the month.
If you have any valuable tips for us, we will be glad if you share it

Hey Dinesh_dp
Thanks for your suggestion
If you have any valuable tips for avoiding loss and ways to find good stocks, i would be obliged, if you could share it with us.

Again, Thank you all for your help.I look forward to hear from all of you again

Hi Chirag,

Your aim itself is wrong! Since you have the aim of making money to pay off some of your expenses, it is going to backfire on you, since there will be a pressure on all of you to maintain the monthly target i.e. to pay for your hostel fees.

Rule of the game here: a trader should be free of obligations and monetary expectations. If a trade goes against you, say, consistently a week, pressure starts building on you to regain the capital that you lost during the week. Profit will be a distant goal for you at that moment. You will start following the market and lose all other interests in your life, including your studies. Believe me, I have already faced it, but luckily I got introduced to this game only after I started earning. So my salary did help me survive the downturn of my trading period.

So instead of focusing on making 150-300 Rs per day, it would be nice to think it this way. Make some money in the market, subtract that from the expenses from your parents/bank account and you have achieved your goal. But keep in mind that you need to focus on the brokerage expenses too.

Positional trades: Intraday trades does not always work. It happens that you make an entry and for most of the day, the trade will always be on the opposite side, and by the time, it starts moving in your direction, it would have become 3.15 and your trade would have been booked in loss. So it would be better to focus on some of your favorite stocks and trace their patterns and make an entry. If you get to make your desired profit in intraday, change the trade type to intraday and exit, else keep a target of 2 days to see if your trade is working with you or against you. It could happen that on the 3rd day, the trade would have gone as per your expectation, but you had exited.
If that happens, maybe you will know that what you have learnt in the market is not enough. You will have to depend on the technical trading, which will help you decide when to enter and when to exit. But in technical trading too, you cannot catch a bottom or a top. But you can have an idea about when the trend is going to end or start.

Finally, nobody can teach you what to do in the market. Remember the biggest master in the stock market is the market. It will teach you what you need to learn. And to learn, you need to invest your money in it! Paper trading will always give you profit because there is no human factor in it, but in actual trading, there is a human factor of fear and greed, that will decide how you perform in the market.

You have the plus point of Time. As you said, you got enough time during the day. Utilize the same to understand the basics of market and technical trading. It will help you become a profitable beginner, instead of "Once upon a time, a loser, now a gainer". :thumb:

If you got the time to read and you love reading, you should read this book, Reminiscences-of-stock-operator by Edwin Lefevre.

I know this thread is old but it is showing in search results for a sharekhan keyword (where I came from on this thread) so I would like to add my two bits for those who too would be coming to this thread for a word of advice on trading.

It is quite funny how everyone is looking to get hold on the information which can make anyone rich. if anyone really knew when to buy and when to sell, then why would he tell you (and thus create competition for him/herself), wouldn't he use the info for himself. There is no book, no person which would teach you the exact stocks to pick, the exact price to buy or sell. Everything is just indicative only at the best, rest is your own judgement and luck.

As someone said positional trades are the best bets to making any profit. You have to find your own stocks though, to buy or sell as everyone has different expertise and can understand different parts of the market differently.

The whole market is like a big ocean where several rivers from different continents empty down. You have to find your own river, where you would want to row your boat up and down the river.

There is no amount of information or technical analysis which will help you to exactly know when to buy and when to sell. It all boils down to your own personal experience and luck.

If you see my own excel sheet, you will get mad seeing so many different types of analysis and indicators added for a single stock. Still I make losses.

I can also tell you why this happens. There are just too many people trading stocks with various needs. Some strictly sell at profit, some panic (most of them), some other get greedy and thus the whole market is a big mess of sentiments which cannot be controlled by anyone. When sentiments rule market fluctuate heavily, when they don't it follows it's normal path of buying and profit booking. Yet no one can exactly predict what is going to control the market next day, so you can only take your best pick and hope for the best.

If you want to trade professionally, you should pick 3-4 or 10 stocks maximum which you can track and follow on daily basis. This will give you an idea of when to enter and when to exit.

As again someone said, this can be addictive and one can easily fall to greed and speculation so don't aim at 100 or 150 a day but 1-3% of return on capital invested. This translates into 20-60% profit a month (normal 20 trading days a month) which again is theoretical only. Nobody makes profit like that. However, you can make that in the long run, perhaps over the months. Think of it as future investment for college or for pocket money while you are searching for job or other needs of life. Don't set a daily target, 90% of the times you will fail.

I am not here to discourage you, but many have burnt their hands over this and you should listen to those people. My own father had a portfolio of 19 lakhs which has now come down to 9 lakhs, only because of not following stop losses.

So learn the technical terms with respect to jargon only. Rest is your hard work, patience and lots of luck.