Making Rs 2000 a day!

skgarg · #1 30th April 2008, 05:17 PM

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.

sachinactive · #2 30th April 2008, 05:33 PM

Hello To Everyone Who Watch This Post .. I Have New Register User ........
I Want To Discuss About Febonachee Calculation Method Actually I Had Use This Method By "n" Number Of Way .. But There Is Some Will Give Me Results In Some Stock .... I Have So Confuse About This... So That If Anyone Know's That How To Use Fibonachee On Chart By An A Single Method Then Please Reply My Post .......... Sooonnnnnn .. Thanks..... Activesachin ...:-)

rkkarnani · #3 30th April 2008, 06:05 PM

Quote:

Originally Posted by sachinactive

Hello To Everyone Who Watch This Post .. I Have New Register User ........
I Want To Discuss About Febonachee Calculation Method Actually I Had Use This Method By "n" Number Of Way .. But There Is Some Will Give Me Results In Some Stock .... I Have So Confuse About This... So That If Anyone Know's That How To Use Fibonachee On Chart By An A Single Method Then Please Reply My Post .......... Sooonnnnnn .. Thanks..... Activesachin ...:-)

Welcome to the Forum!!! Its a wrong thread to post what you have. Locate by browsing the Forum the proper place so that you get responce for your queries.....

sanyad74 · #4 30th April 2008, 06:15 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.

not a good advise for ppl..It only works in a blue moon.. and ur money will stuck with one particular equity,
rgds,

skgarg · #5 30th April 2008, 07:18 PM

Hello Sanyad
Thanks for replying

Can u clarify a bit more as to why it wont work?Lot of stocks oscillate 10 points on daily basis.

sudoku1 · #6 30th April 2008, 08:16 PM

Quote:

Originally Posted by skgarg

Hello Sanyad
Thanks for replying

Can u clarify a bit more as to why it wont work?Lot of stocks oscillate 10 points on daily basis.

some of them oscilate against the tide.......

u have not mentioned a word on stoploss without which one would b dead sooner than later.

sudoku1 · #7 30th April 2008, 08:25 PM

Quote:

Originally Posted by sachinactive

Hello To Everyone Who Watch This Post .. I Have New Register User ........
I Want To Discuss About Febonachee Calculation Method Actually I Had Use This Method By "n" Number Of Way .. But There Is Some Will Give Me Results In Some Stock .... I Have So Confuse About This... So That If Anyone Know's That How To Use Fibonachee On Chart By An A Single Method Then Please Reply My Post .......... Sooonnnnnn .. Thanks..... Activesachin ...:-)

its 'fibonaci'.....& ready calculaters r available....just fill in the blanks.

http://www.icharts.in/calculators.html

SavantGarde · #8 30th April 2008, 08:56 PM

Possible With One Particular Stock Philip Carbon
Check Out The Candle Chart Of The Stock, Even Through Bad Days It Has Nice Long Stem White Candle.
Another Condition Is To Close Position & Not Carry It To The Next When The Market Is Volatile, Exceptions Of Being Able To BTST During Nice Calm Upward Trending Market Like The One We Have Currently.

SavantGarde

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.

skgarg · #9 30th April 2008, 09:50 PM

hello Sudoku

thanx for replying

well the only concern is in estimating the mean position.And ya stop loss is also an issue.What do u suggest about it.I guess Savant's suggestion of squaring up the position that day itself shud work.

Is it possible to backtest this??Seniors plzz helpppp!!!!!!!!

SavantGarde · #10 30th April 2008, 09:54 PM

I Suggest That You Have Nice & Hard Look At The Candle Stick Chart Of The Scrip.

Thereafter Observe The Movement For A Few Days To See If You Can Be Comfortable Trading In It.

SavantGarde