Day Trading Stocks & Futures

siddhant4u

Well-Unknown Member
Food for thought over the weekend:

While I worked in the USA, many friends visited Las Vegas frequently. Whenever, someone came back from Vegas, if you ask them how much they won the answers would always be a decent number like say $2000, or they made small loss like $150.
You would think all those casinos are losing money for the free drinks they provide to the customers.
I guess many traders here understood what I am trying to tell.
my survey said all lost 'not more then $100' and none won anything..
 

siddhant4u

Well-Unknown Member
HDFC Bank : lockdown proved good for HDFC Bank, looks like people are putting money in hdfc taking out from other places.


1) The Bank’s advances aggregated to approximately ₹10,045 billion as of June 30, 2020, a growth of around 21% as compared to ₹8,297 billion as of June 30, 2019 (₹9,937 billion as of March 31, 2020).
2) The Bank’s deposits aggregated to approximately ₹11,895 billion as of June 30, 2020, a growth of around 25% as compared to ₹9,546 billion as of June 30, 2019 (₹11,475 billion as of March 31, 2020).
3) The Bank’s CASA ratio stood at around 40% as of June 30, 2020, as compared to 39.7% as of June 30, 2019 and 42.2% as of March 31, 2020.

https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f6ebc9c-aadc-4676-a94d-a76b2f6a8a18.pdf
 
No wonder Aditya Puri in an interview said we are doing great and we will post improved results year after year when he was interviewed during lock down.

Smart_trade
 

mohan.sic

Well-Known Member
Food for thought over the weekend:

While I worked in the USA, many friends visited Las Vegas frequently. Whenever, someone came back from Vegas, if you ask them how much they won the answers would always be a decent number like say $2000, or they made small loss like $150.
You would think all those casinos are losing money for the free drinks they provide to the customers.
I guess many traders here understood what I am trying to tell.
may be there are preceding posts , dont know what is this casinos losing money and free drinks...food for thought
 

sridhga

Well-Known Member
More Food for thought:

This is how I look at being negative in trading.

If I am complaining about the economy, government, Trump, China, Bank CEOs, Patanjali, election results, company results, SGX, my electricity provider, my ISP, My Broker, NSE, SEBI, the mythical 'operator', or even the random guy on the street and feel that any of those are impacting my trades, then I am being negative. I can't trade without depending on those characters.

On the other hand, if I am discussing about dangerous trading habits and how they impact trading like high leverage, too much trading, not having/following stop loss rules, poor quality companies for investment, then, I would call this healthy skepticism.

I surely can see the difference between the two.
 
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sridhga

Well-Known Member
What if a person goes to casino without anymoney..
Will he still getting those fee drinks..

Weekend Thought for drinks :)

Since it is weekend, and traders got time, google Casinos Free Drinks and you will get your answers on several websites.

You will not go to the casino for free drinks. Casinos are far away from major cities. The cost of travel would be higher.
Las Vegas airport has online game consoles on all their seats in their departure terminal so that they can clean out if anything remained in your bank account/credit card.
I never went to Las Vegas, but went to Atlantic City (another casino hub, but located on the East Coast) once. That is the only place where I had seen 'Pawn Broker Shops' in the USA. They will take your rings, chains, watches and maybe more. I do not know if one can pawn shirts, shoes and trousers as well. Better buy your return travel tickets before you get high.
I think you now get the drift.

My original idea in posting about casinos is not to promote casinos but to objectively look at our own trading habits.

Anyways don't get too concerned about those drinks. I had a colleague at my work who was a bartender during his college days. Through him, I came to know that all the brands that are displayed in the bar showcases are just for display. Below the counter, where they do the cocktail mixing, they have a duplicate for every thing that is on the showcase. So basically all those guys are drinking cheaply brewed water in most bars for high prices. This is a common practice across America. Nothing to get excited about those drinks.
 
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Since it is weekend, and traders got time, google Casinos Free Drinks and you will get your answers on several websites.

You will not go to the casino for free drinks. Casinos are far away from major cities. The cost of travel would be higher.
Las Vegas airport has online game consoles on all their seats in their departure terminal so that they can clean out if anything remained in your bank account/credit card.
I never went to Las Vegas, but went to Atlantic City (another casino hub, but located on the East Coast) once. That is the only place where I had seen 'Pawn Broker Shops' in the USA. They will take your rings, chains, watches and maybe more. I do not know if one can pawn shirts, shoes and trousers as well. Better buy your return travel tickets before you get high.
I think you now get the drift.

My original idea in posting about casinos is not to promote casinos but to objectively look at our own trading habits.

Anyways don't get too concerned about those drinks. I had a colleague at my work who was a bartender during his college days. Through him, I came to know that all the brands that are displayed in the bar showcases are just for display. Below the counter, where they do the cocktail mixing, they have a duplicate for every thing that is on the showcase. So basically all those guys are drinking cheaply brewed water in most bars for high prices. This is a common practice across America. Nothing to get excited about those drinks.
Not only US..
It's very common in India too.. you can only get what you asked is when you order cheapest one..
 

Raj232

Well-Known Member
Stamp duty to pinch liquid fund returns further

From July 1, a stamp duty of 0.005% will be levied on every mutual fund purchase — be it through lump sum or systematic investment plans (SIPs). The lower the holding period of investments, the higher will be the impact. The move could impact large institutional investors who mostly put their money in liquid schemes for shorter time periods.

A report by ICICI Mutual Fund shows that the annualised returns could be lower by 1.82% due to stamp duty for holding period of a day. For seven days, the returns fall by 0.26%. As the holding period increases, the impact would be less. If the investments are held for 15 days, the investor could take a 0.12% hit, while for 30 days, the impact would be 0.06%.

https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst


When the annual return on any fund is hardly approx 6% - 8%, putting an additional tax on a digital product does not serve any purpose. In fact there is no service being provided on the transaction by the stamp duty guys. There is no paperwork, no physical inspection done, no register / record keeping and no rubber stamp impression on any document involved. So on what basis is this additional stamp duty really levied. There is no physical stamp and no record being maintained by the stamp guys, just a reporting by Mutual fund houses.

This according to me is baseless and illegal. Mutual fund houses should take this up and have the stamp duty abolished.
 
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