Indian Trading League / SAMCO

simplebuthard

Working as Trading Assistant. Hire me !!
#14
Actually, if they offer Bracket orders, then a lot is possible. With Zerodha, using BO, you can trade one lot BNF (SL 100 pts) with 8-9000 margin only, one lot Reliance (10Rs. SL) using about 3-4000 and so on.
Do you know any success stories so far in which bracket orders employed ? or anyone using creatively, if yes then how? I want to employ it in my trading some way.
 

Jai Mata Di

Well-Known Member
#17
MCX commodities don't allow Bracket orders. As margin requirement is comparatively lower we can use SLM.
Probably SAMCO don't hv BO (at least there is no such thing in margin).
One good thing is their transaction cost is only 210 for MCX.
[Edit: Their transaction cost in MCX is not 210, it is acutally 310 same as Zerodha. In the charge list they shown partial charge (excluding clearing member charges so the the confusion occured).
Actually all the transaction charges (190+20=210 NSE & 210+100=310 MCX) same as Zerodha, no less.]

-----------
About Indian Trading League:-

In western world such competition with high prizes among traders is common. Several big brokers arrange such competition. But in such competition most of winners are option buyers. Professional traders who can ride longer times on directional trade (usually 2-10 days) from options can beat others easily.

Such competition to generate highest % return is really challenging when timeline is longer like 1 year (1Cr prizes). As in initial stages when one starts with 25,000. He can take risk & refill a/c easily. But suppose capital is reached 1 Lakh+ after sometime. Then real money management & risk management comes to make it 2 Lakh and then say 4 lakh. High risk high reward trading easily possible with less capital like 10k-25k-50k etc but it is very difficult when capital in lakhs. When you loose big you have to refill big to win that competition. In that process(high greed) all capital may vanish also. Only pro traders or intelligent persons mastering with trading psychology can control the risk with increasing capital. ;)

Actually after 1st year we can have clear idea what could be probable target to win 1 Cr prizes. But as the timeline is 1 year and min 20 trades for 1 Cr prizes, the competition is fairly balenced. Someone can have 1000% return in 1st few month then blow a/c in rest of the time. It is better to remove initial capital from profit after few months then continue more high risk high reward trades.

Such competition never happened in India. I have no idea how many % return after 1 yr can assure 1 Cr prizes. If anyone have idea (regarding international competitions) please share your views. But one thing is sure here winners are most of option buyers (which is highest risk highest reward trades & only professionals can handle well such trades for 1 year).

Such competitions actually shows one of most important aspect of trading, maximum money can be made only where maximum money is lost(option buying). Options buyers who have clear view about broader market can ride on a directional option trade where return is maximum.

To tips stars/novice members/fake people in trajerji who claim they can win 2%-5-10% even in a day, even 200%-400% per month is not a big thing for some. No need to create unnecessary threads, trade with real money and show us your talent. We have history of many such members (most of them banned, tips stars etc :lol:). They have now a platform to show their talent with 1 Cr prizes. :D

Happy Trading & Best Wishes to ALL.

H.C.
 
Last edited:

mechtrader

Well-Known Member
#20
MCX commodities don't allow Bracket orders. As margin requirement is comparatively lower we can use SLM.
Probably SAMCO don't hv BO (at least there is no such thing in margin).
One good thing is their transaction cost is only 210 for MCX.

-----------
About Indian Trading League:-

In western world such competition with high prizes among traders is common. Several big brokers arrange such competition. But in such competition most of winners are option buyers. Professional traders who can ride longer times on directional trade (usually 2-10 days) from options can beat others easily.

Such competition to generate highest % return is really challenging when timeline is longer like 1 year (1Cr prizes). As in initial stages when one starts with 25,000. He can take risk & refill a/c easily. But suppose capital is reached 1 Lakh+ after sometime. Then real money management & risk management comes to make it 2 Lakh and then say 4 lakh. High risk high reward trading easily possible with less capital like 10k-25k-50k etc but it is very difficult when capital in lakhs. When you loose big you have to refill big to win that competition. In that process(high greed) all capital may vanish also. Only pro traders or intelligent persons mastering with trading psychology can control the risk with increasing capital. ;)

Actually after 1st year we can have clear idea what could be probable target to win 1 Cr prizes. But as the timeline is 1 year and min 20 trades for 1 Cr prizes, the competition is fairly balenced. Someone can have 1000% return in 1st few month then blow a/c in rest of the time. It is better to remove initial capital from profit after few months then continue more high risk high reward trades.

Such competition never happened in India. I have no idea how many % return after 1 yr can assure 1 Cr prizes. If anyone have idea (regarding international competitions) please share your views. But one thing is sure here winners are most of option buyers (which is highest risk highest reward trades & only professionals can handle well such trades for 1 year).

Such competitions actually shows one of most important aspect of trading, maximum money can be made only where maximum money is lost(option buying). Options buyers who have clear view about broader market can ride on a directional option trade where return is maximum.

To tips stars/novice members/fake people in trajerji who claim they can win 2%-5-10% even in a day, even 200%-400% per month is not a big thing for some. No need to create unnecessary threads, trade with real money and show us your talent. We have history of many such members (most of them banned, tips stars etc :lol:). They have now a platform to show their talent with 1 Cr prizes. :D

Happy Trading & Best Wishes to ALL.

H.C.
refer this link for such competition in international markets.

http://www.worldcupchampionships.com/live-stats-3

thanks,
MT
 

Similar threads