Making Rs 2000 a day!

skgarg · #11 30th April 2008, 10:03 PM

Thanx a lottt Savant Ji for the suggestion

btw can u tell me how u selected the philip carbon stock from so many stocks??

sillu_m · #12 30th April 2008, 10:07 PM

Swing can be 100 point in lot os stocks and even 500-1000 point move either up and down is normal on sensex. One can even earn easilyabove 1-2 lacks in few hours by investing 2,3 lacks ......

But the question is when to go short or Long in that counters.....

If ur move is wrong then one can loose his chaddi in few minutes

So dont think how much will i m going to made.....Just pick a small opportunity when a sudden move happened in ur stock watch list. Never do trade with those stock which r not in ur watch list.

This is the way to survive in this jungle.
How much we made in the market is not important. But how much we retain that money/ profit matters.

So welcome SKgarg and learn, clear ur doubts, earn and retain that earning.

SavantGarde · #13 30th April 2008, 10:10 PM

I Have Yet To Come Across A Chart Such As The One Suggested....There May As Well Be Others Which Are Similar But Have Personally Not Come Across.

Will Update You If I Do Come Across Another One

Happy & Safe Trading

SavantGarde

Quote:

Originally Posted by skgarg

Thanx a lottt Savant Ji for the suggestion

btw can u tell me how u selected the philip carbon stock from so many stocks??

Tapaswi.S · #14 30th April 2008, 11:33 PM

Quote:

Originally Posted by skgarg

I was just wondering that if Rs 2000 can be made on daily basis.I mean how much does it takes.If one has 50 shares of 5 different stocks and each one moves in by just 10 points,which i think should be possible.I often see that nifty wud oscillate more than 10 points on either side from its opening position during the day.Though at times I have seen that it would stay only on one side but even in those cases,it does oscillate about some other position.

So the whole thing is to select 5 stocks from so many of them which have a good chance to oscillate and figure out that oscillating mean position which most probably should be the opening position as then things would become more easy.

As it should be evident from the post,i am a newbie with zero experience.Can some seniors throw in some light.I have installed amibroker but i dont know how to write the program.Is it possible to backtest this idea if it is really worth it.

dear skgarg,
nice idea, reasonable target. may I suggest you something, before putting your money, why dont you trade on paper for a month or two, then you will understand how easy / difficult it is.

Tapaswi.S

CreditViolet · #15 30th April 2008, 11:45 PM

Quote:

Originally Posted by skgarg

I was just wondering that if Rs 2000 can be made on daily basis.I mean how much does it takes.If one has 50 shares of 5 different stocks and each one moves in by just 10 points,which i think should be possible.I often see that nifty wud oscillate more than 10 points on either side from its opening position during the day.Though at times I have seen that it would stay only on one side but even in those cases,it does oscillate about some other position.

So the whole thing is to select 5 stocks from so many of them which have a good chance to oscillate and figure out that oscillating mean position which most probably should be the opening position as then things would become more easy.

As it should be evident from the post,i am a newbie with zero experience.Can some seniors throw in some light.I have installed amibroker but i dont know how to write the program.Is it possible to backtest this idea if it is really worth it.

A common rookie question.

The question is not whether you could make 2000 a day or 20k a day, the question is 'Doing What'. If you could make 2k easily, you can lose it easily as well, so selecting random 5 stocks at their momentum peaks or installing 'amibroker' is not going to get you anywhere. If you don't believe me, just take note of this day and compare your performance 6 months down the line.
Money is made with technique and implementation which comes after through preparation. And between I'd be careful about the advice you get here, out of the 45,149 members registered here as of today, I don't think even 45,145 of them can trade for a living. The old saying - The eagle never lost so much time as when he submitted to learn from the crow.

milkyblack · #16 1st May 2008, 12:13 AM

Quote:

Originally Posted by CreditViolet

A common rookie question.

The question is not whether you could make 2000 a day or 20k a day, the question is 'Doing What'. If you could make 2k easily, you can lose it easily as well, so selecting random 5 stocks at their momentum peaks or installing 'amibroker' is not going to get you anywhere. If you don't believe me, just take note of this day and compare your performance 6 months down the line.
Money is made with technique and implementation which comes after through preparation. And between I'd be careful about the advice you get here, out of the 45,149 members registered here as of today, I don't think even 45,145 of them can trade for a living. The old saying - The eagle never lost so much time as when he submitted to learn from the crow.

CV

u might be right abt the statistic.... but even i want to trade for living....

Till now unsucessful though...

Even i had installed AB today..... but found of no use to be honest... my ODIN charts r good enuf

Regards

skgarg · #17 1st May 2008, 09:12 PM

Hello CV sir

Thanx for replying.I have read lots of ur postings and they have helped me a lotttt.

I was just seeing the charts of nifty futures and i cudnt help noticing that it fluctuates a lotttt.And a very large no. of times,it does oscillate about its opening price atleast by 10 points on each side during the day.I didnt check other stocks but nifty futures does fit the bill and i do hope that there would be many others.The selection criteria of a stock is the one which moves consistently and considerably to either side of the opening price during the day.

I would be thankful if u can please clrarify further as to what is the flaw in the understanding.I seriously fail to see any.

eagerly waiting for ur reply

CreditViolet · #18 1st May 2008, 10:29 PM

Quote:

Originally Posted by skgarg

Thanx for replying.I have read lots of ur postings and they have helped me a lotttt.

Great.Thanks.

Quote:

Originally Posted by skgarg

I was just seeing the charts of nifty futures and i cudnt help noticing that it fluctuates a lotttt.And a very large no. of times,it does oscillate about its opening price atleast by 10 points on each side during the day.I didnt check other stocks but nifty futures does fit the bill and i do hope that there would be many others.The selection criteria of a stock is the one which moves consistently and considerably to either side of the opening price during the day.
I would be thankful if u can please clrarify further as to what is the flaw in the understanding.I seriously fail to see any.

eagerly waiting for ur reply

Well, the general scenario you described is pretty difficult to put into technical writing.Thats the flaw if any.

Another thing about your scenario of price fluctuation is that price is just an advertising mechanism for the market, the fluctuations happen for a reason.

skgarg · #19 1st May 2008, 11:12 PM

Hello CV sir

Thanx for replying

so u mean the only problem with this is that it is difficult to put into a technical code?How about if i plan to sit full day using online trading??

and i cudnt get that fluctuations happen for a reason line.I mean I dont think it is necessary to know the reason if the same event is repeating daily.

omkarmango · #20 1st May 2008, 11:57 PM

Technical code is not much difficult (atleast in AB).

But what about expenses, stops size & slippage ?
then again, is it going to work in all types of market scenarios?

skgarg,
try to do it practically & you'll get the answer.