Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Yes, it's been a problem for a few years especially those who are totally out of direct stock mkt and only relying through MF for equity exposure.
If I dig up my old posts, I've used MF for small caps and sectoral themes.
With small/mid caps in their own kind of bear mkt since peak of Jan 2018, guys who played in that space like Porinju also are in drawdowns. Even RJs picks were about there.
What I was trying to say, is that the style of picking all stocks and sitting won't work, mkt does a lot of sectoral rotation and one needs to adapt to that. See Auto stocks, none are nowhere near ATH even pre covid.
IT/Pharma few years ago were in their own multi year bear mkt and now have gone into their best ever performace.
So this whole style of investing is going to change and you can't have 80-100 names from all sectors.
While mkt will churn, this kind of MF will lack good returns due ever existing baggage they will be pulling.
The burden is partly due to AUM, not easy to get in and out so maybe this adaption will be a boon in disguise.
Smaller AUM, smaller footprint, less negligence and a wake up call.
I tend to not write-off sectors, there are always great minds and they will innovate themselves out of extinction
If I dig up my old posts, I've used MF for small caps and sectoral themes.
With small/mid caps in their own kind of bear mkt since peak of Jan 2018, guys who played in that space like Porinju also are in drawdowns. Even RJs picks were about there.
What I was trying to say, is that the style of picking all stocks and sitting won't work, mkt does a lot of sectoral rotation and one needs to adapt to that. See Auto stocks, none are nowhere near ATH even pre covid.
IT/Pharma few years ago were in their own multi year bear mkt and now have gone into their best ever performace.
So this whole style of investing is going to change and you can't have 80-100 names from all sectors.
While mkt will churn, this kind of MF will lack good returns due ever existing baggage they will be pulling.
The burden is partly due to AUM, not easy to get in and out so maybe this adaption will be a boon in disguise.
Smaller AUM, smaller footprint, less negligence and a wake up call.
I tend to not write-off sectors, there are always great minds and they will innovate themselves out of extinction
What is your query. Though I have used python to practice. pulling data. I have not done much after I moved to Hyd since my computer is still in Pune.. Currently for now I am using Amibroker to test my algo live in Fyers using Fyers APIBridge. @TracerBullet should be able to help with respect to Python.
There was a member @UberMachine . Check out his threads. He has not been active for a while now.
https://www.traderji.com/community/threads/python-primer-for-trading.106772/
https://www.traderji.com/community/search/763335/
https://www.traderji.com/community/threads/python-primer-for-trading.106772/
https://www.traderji.com/community/search/763335/
Why I have chosen this model for now is. If I have to write in Python I have to first write code for the following.
1. Pull Reliable Data.
2. Normalize the data.
3. Store the Data (SQL,MongoDB or flat files).
4. Retrieve data.
5. Write Trading Setup and Entry Logic.
6. Manage Open positions
7. Write risk Management rules.
With Amirboker Steps from 1-4 are covered by it inherently. API Bridge somewhat helps in Steps 6 & 7.
I only have to write the Trading strategy ( Setup, entry and exit.)
Later when I am proficient in coding all of these efficiently I can use it.
For now using the local computer testing it. But will be eventually moving to the cloud. That should be about 6-8 months from now.
1. Pull Reliable Data.
2. Normalize the data.
3. Store the Data (SQL,MongoDB or flat files).
4. Retrieve data.
5. Write Trading Setup and Entry Logic.
6. Manage Open positions
7. Write risk Management rules.
With Amirboker Steps from 1-4 are covered by it inherently. API Bridge somewhat helps in Steps 6 & 7.
I only have to write the Trading strategy ( Setup, entry and exit.)
Later when I am proficient in coding all of these efficiently I can use it.
For now using the local computer testing it. But will be eventually moving to the cloud. That should be about 6-8 months from now.
Yes, it's been a problem for a few years especially those who are totally out of direct stock mkt and only relying through MF for equity exposure.
If I dig up my old posts, I've used MF for small caps and sectoral themes.
With small/mid caps in their own kind of bear mkt since peak of Jan 2018, guys who played in that space like Porinju also are in drawdowns. Even RJs picks were about there.
What I was trying to say, is that the style of picking all stocks and sitting won't work, mkt does a lot of sectoral rotation and one needs to adapt to that. See Auto stocks, none are nowhere near ATH even pre covid.
IT/Pharma few years ago were in their own multi year bear mkt and now have gone into their best ever performace.
So this whole style of investing is going to change and you can't have 80-100 names from all sectors.
While mkt will churn, this kind of MF will lack good returns due ever existing baggage they will be pulling.
The burden is partly due to AUM, not easy to get in and out so maybe this adaption will be a boon in disguise.
Smaller AUM, smaller footprint, less negligence and a wake up call.
I tend to not write-off sectors, there are always great minds and they will innovate themselves out of extinction
If I dig up my old posts, I've used MF for small caps and sectoral themes.
With small/mid caps in their own kind of bear mkt since peak of Jan 2018, guys who played in that space like Porinju also are in drawdowns. Even RJs picks were about there.
What I was trying to say, is that the style of picking all stocks and sitting won't work, mkt does a lot of sectoral rotation and one needs to adapt to that. See Auto stocks, none are nowhere near ATH even pre covid.
IT/Pharma few years ago were in their own multi year bear mkt and now have gone into their best ever performace.
So this whole style of investing is going to change and you can't have 80-100 names from all sectors.
While mkt will churn, this kind of MF will lack good returns due ever existing baggage they will be pulling.
The burden is partly due to AUM, not easy to get in and out so maybe this adaption will be a boon in disguise.
Smaller AUM, smaller footprint, less negligence and a wake up call.
I tend to not write-off sectors, there are always great minds and they will innovate themselves out of extinction
One of my acquaintance was working for pvt insurance firm managing funds, he mentioned recently that they use to have team of 12-15 people just focused on cement and infrastructure sector. Now due to low earnings it has been reduced to 4-5.
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