General Trading Chat

[Riskyman]

Can you explain why demand from importers/exporters comes at month end ?

Don't know, but the TV channels say it all the time

Most of the big demand for Dollar comes from Oil Importers (Bpcl/Hpcl/ioc etc) and other importers. Most of the payments for Oil are made during month ends. (because they have to book next month's oil shipments in advance and LCs have to be opened by banks). Therefore the Month end demand for USD.

 

[Raj232]

.

The traders have been looking at head and shoulders pattern in Nifty, but the chart shows too many heads, don't know if any of those will turn into a shoulder or M or W or something

Maybe the market is making the traders wear a topi many times

The M will change to W soon... ..

 

[iwillwin]

Geopolitics can bend any letter or patterns... ultimately fundamental are at the core of any market rally.... market don't like uncertainty...I am sure operators have accumulated lot of protection in terms of puts...Trump calls India pak situation dangerous...India has asked around 10k armed police to report immediately to jnk...

War is always bad for every country and especially civilian of border states

Hope the issue is resolved without any full blown war...

 

[KAL.YUG]

The traders have been looking at head and shoulders pattern in Nifty, but the chart shows too many heads, don't know if any of those will turn into a shoulder or M or W or something

View attachment 33485

Maybe the market is making the traders wear a topi many times

.


The M will change to W soon... ..
View attachment 33492

Trying to explain the market of these past few weeks

 

[traderniftybull]

What are good ELSS choices for 80C investment, now a days.
I will like to add required amount now, as I am of the opinion that we may not see N50 below 10700 in this FY. Just my view.

 

[timepass]

This article has me stumped. Does it mean that any kind of personal loans are going to be banned ?


Unregulated deposits rule may have collateral damage

BY SUGATA GHOSH & SACHIN DAVE, ET BUREAU | FEB 25, 2019, 07.33 AM IST
Post a Comment

An individual reaching out to a friend for a quick loan to tide over a crisis; a cash-strapped businessman borrowing from an acquaintance to meet a personal obligation; or, a charitable institution funding students and the ailing — normal transactions like these as well as dodgy deals by chit funds and cooperative societies to bankroll political parties before polls will be the immediate casualties of a hurried ordinance.

‘The Banning of Unregulated Deposit Schemes Ordinance, 2019’, not ..

Read more at:
http://economictimes.indiatimes.comhttps://economictimes.indiatimes.com/news/economy/policy/unregulated-deposits-rule-may-have-collateral-damage/printarticle/68145133.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[soft_trader]

This article has me stumped. Does it mean that any kind of personal loans are going to be banned ?


Unregulated deposits rule may have collateral damage

BY SUGATA GHOSH & SACHIN DAVE, ET BUREAU | FEB 25, 2019, 07.33 AM IST
Post a Comment

An individual reaching out to a friend for a quick loan to tide over a crisis; a cash-strapped businessman borrowing from an acquaintance to meet a personal obligation; or, a charitable institution funding students and the ailing — normal transactions like these as well as dodgy deals by chit funds and cooperative societies to bankroll political parties before polls will be the immediate casualties of a hurried ordinance.

‘The Banning of Unregulated Deposit Schemes Ordinance, 2019’, not ..

Read more at:
http://economictimes.indiatimes.comhttps://economictimes.indiatimes.com/news/economy/policy/unregulated-deposits-rule-may-have-collateral-damage/printarticle/68145133.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

How on earth can they ban transactions between two individuals? We all reach out to our friends and families in times of turbulence isn't it?

 

[cloudTrader]

How on earth can they ban transactions between two individuals? We all reach out to our friends and families in times of turbulence isn't it?

It is an Ordinance and needs to be ratified by Parliament in 6 months which means that this govt. is not in position to do so. The next government will have to work on this again. Seems to be an ordinance passed in a hurry without any consultations. Must be targeting opposition parties to dry up their fund resources for the upcoming general elections.

 

[timepass]

What has suddenly caused the slump in the metals ?? JSPL, Tatasteel, VEDL... all slipped down.

 

[sridhga]

Usually one trades for the following 3 reasons:
Generate Income - Intra Day Trading
Generate capital - Swing Trading
Generate wealth - Positional Trading

Strange as it may sound, believe me to succeed in any of these trading styles one should have an alternate source which already meets the reason for trading that style. For example if one wants to generate income through day trading he should already have a day job making him enough income, similarly for generating capital and wealth. Only then one will have the disciple and stress free mindset to succeed. There are exceptions but usually very rare.

I strongly believe the goal of trading should be to generate wealth, one cannot build wealth if the focus is only to generate income or capital.

This is my personal opinion, the best way to succeed is to follow this process:
1. Initially Trade intraday only to build a Price Action based trading strategy (Mechanical/systematic) and not for generating income as it will be quick way to find your edge.
2. If the intraday strategy (Price Action) has an edge it will definitely work for swing & positional as the only difference is the time frame.
3. Always measure the Effort/Time spent to the rewards received, if your alternative income source or day job returns are better continue with it and trade on the sideline passively to generate the required capital/wealth at a faster rate.
4. Once the returns from trading is more than that from the alternative income source for a considerable time period (1-2 yrs) one can shift full time to trading that style.
5. Always focus on the end goal which should be to generate wealth as quickly as possible before retirement, one cannot continue with pressure and stress related to day trading all your life. Once enough wealth is generated one can easily trade intraday/swing with confidence & disciple as it will be more of keeping oneself occupied and be in touch with market.

I beg to differ. Trading requires lot of time and concentration. Even swing and positional traders have to think continuously. This cannot be a side-business to be successful. Of course, not everyday turns out to be a trading day, and not every time your setups appear. You may sit on the sidelines watching. But it is still a full time business. You have to make notes everyday irrespective of whether you have traded or not. You also have to do your homework in the after hours and on the weekends. This applies to all traders: Day, Swing or Positional. With the kind of effort that trading demands, you cannot do any justice to other jobs. This has been my experience.

Moreover, trading pushes you towards a lonely life. No support system around. This is for lonely warriors fighting with themselves. Capital does not matter,intelligence does not matter. Emotional maturity is required in large quantities.
This is what many people cannot commit to. Its not everybody's cup of tea.

On a side note, pure buy and hold investments can be a successful side-business.