Making Rs 2000 a day!

beginner_av · #21 2nd May 2008, 09:05 PM

Quote:

Originally Posted by omkarmango

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

Expected and excellent answer typical of this forum.

columbus · #22 3rd May 2008, 12:13 AM

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.

THEORITICALLY ..."YES".... but PRACTICALLY ......."NO".

columbus · #23 3rd May 2008, 12:19 AM

Quote:

Originally Posted by sillu_m

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

Sillu ,I agree with you.Trading appears to be easy ,once you look at Nifty Graph on NSE website at 3.30PM but the real problem come once you start trading LIVE.

skgarg · #24 3rd May 2008, 01:56 AM

columbus

can u elaborate as to why practically no??

rkkarnani · #25 3rd May 2008, 08:45 AM

Quote:

Originally Posted by columbus

THEORITICALLY ..."YES".... but PRACTICALLY ......."NO".

I do not subscribe to your view....

Check this thread!!!!

http://www.traderji.com/equities/189...ty-7300-a.html

People have shown how it can be done to trade Nifty intraday and earn!!!!

I may rather amend your statement as :
THEORITICALLY ..."YES"....
but
PRACTICALLY also YES ..........
.....but .....
.."DIFFICULT"!!!!

sudoku1 · #26 3rd May 2008, 12:00 PM

Quote:

Originally Posted by rkkarnani

I do not subscribe to your view....
http://www.traderji.com/equities/189...ty-7300-a.html
People have shown how it can be done to trade Nifty intraday and earn!!!!
I may rather amend your statement as :
THEORITICALLY ..."YES"....
but
PRACTICALLY also YES ..........
.....but .....
.."DIFFICULT"!!!!

nothing is theoriticaly , praticaly impossible in this whole world.....on one condition......POSITIVE ATTITUDE....

sudoku1 · #27 3rd May 2008, 12:16 PM

WHAT is good for one trader may not b the same for the other one....cause greed , hope & fear have diff levels in every trader.....this thread may b positive for some , less positive for some & negative for some (2000 bucks).....consider this....assume that in 1 lac , its possible 2 make 2000 daily..........choose ten traders for xperioment........allot 1 lac 21 every trader before the opening bell in his a/c.....tell them 2 trade on the same stocks with same qty but @ their comfort time.......the results will b widely diff @ 3.30 pm.....many of them would b red @ end while some may have xceeded 2000 profit 2 even 5000.....

fast_rizwaan · #28 3rd May 2008, 01:58 PM

making 2000 in 9:55 to 3:30 = 6hours 35minutes which equals 395 minutes

2000/395 = Rs. 5.06 every minute. or 0.08 paisa every second.

This is how time constraints makes earning difficult.

You'll gain and lose many times, so calculate your "Gains" at the end-of-month.

skgarg · #29 3rd May 2008, 02:43 PM

Hii all

I still dont understand that how can it be sooooo difficult to catch a 10-20 point move in a day

(

columbus · #30 3rd May 2008, 03:48 PM

Quote:

Originally Posted by skgarg

columbus

can u elaborate as to why practically no??

Garg,

My apprehension that FEAR and GREED will play a vital part and a strict STOPLOSS of 10 points will seen you in GREEN.

Last Friday the NIFTY future graph can be divided into 4 segments :

1. Downside 5260-5230
2.Upside 5230-5250
3.Downside 5250-5215
4.Upside 5215-5250.

A total of 110 points were at stake.But the problem was when to go SHORT and when to go LONG?