Trade to become millionere

[veluri1967]

ITS MY DREAM TO BECOME A MILLIONERE.
I HAVE RS.50K IN MY TRDING AC. HOW CAN I ACHIEVE MY DREAM WITHIN A SPAN OF 5 YEARS.:clapping:

 

[veluri1967]

FIRST DECIDE IN HOW MANY MONTHS YOU SHOULD LOOSE YOUR 50k.

 

[subscrive]

Give it to me.
You pay me 70% profit of the trade. And I will make u rich. Cs its my brains which will bring u profit.
In loss, you pay me 15% for using my services.

 

[amit_dangi]

then close you dmate & make a f.d of your 50k for 2 years & when you will see that sensex has go down to 6500 to 8500 range then invest for 1 year i hope you will get 2lac out of your 50k

 

[fizzler]

Give it to me.
You pay me 70% profit of the trade. And I will make u rich. Cs its my brains which will bring u profit.
In loss, you pay me 15% for using my services.

Excellent. thats a good business plan

 

[findvikas]

ITS MY DREAM TO BECOME A MILLIONERE.
I HAVE RS.50K IN MY TRDING AC. HOW CAN I ACHIEVE MY DREAM WITHIN A SPAN OF 5 YEARS.:clapping:

Probably no one will take it seriously as they have lost lots of money and finding it difficult to sustain in this tough market and will discourage you. I will not encourage you to trade or bet your 50k without knowing anything about what you doing, but I would also not discourage you.

I think what you need to understand is that by taking stock deliveries and waiting for them to ripe you with gains will not make you millionaire in your lifetime with 50k. Its the leverage that gives you good return. So instead of trading directly into stocks and taking deliveries... I would recommend to learn and work with Options Trading. Become an Options Trader and you can leverage like anything.

Consider this example, the moment TATASTEEL's bad news came their stock price was trading at 444-450 and their 400PA was trading merely around 3-5rs, given that their lot size is 764 I bought 7 lots at average of 6rs in 3 transactions.

Sold them yesterday for average of 18rs....
here is the calculations...

1 lot cost you 764x6 = Rs. 4584 (7 lots cost you Rs. 32088)
I sold them all yesterday for Rs. 96,264... return on investment ? 300% in just 5 trading sessions. Can you beat it with Futures or Stock deliveries?

Buying Options limit your risk as well, as you know what max you can lose is entire sum invested but not more than that.

So learn Options, make sure your brokerage is less... mine is just 1% + 10.3 Service Tax.

Here is the strategy I am working on...

1) find a liquid stock with high volumes , like suzlon or Unitech
2) make sure that the stock is less than Rs. 200 in Spot value and their near money call is less than Rs. 10
2) find their support & resistance levels
3) buy near money put when the stock reach near resistance level, and switch to call when it reach near support level.

with leverage you can buy in bulk.. my current position is in Suzlon...

I have 12000 (4lots) 100CA at avg of Rs. 5.3 and LTP is 6.7.. already in a profit of 16k (23%) for the day... and my cost was 63k


Best of luck and see you in millionaire club soon, I might come in my Ferrari

 

[t76_ahmed]

Brother I feel U can bcome a millionaire in 5 yrs but U have to reduce 50kilos from ur body,By the way whats ur weight.

 

[spiritunit]

Give it to me.
You pay me 70% profit of the trade. And I will make u rich. Cs its my brains which will bring u profit.
In loss, you pay me 15% for using my services.

I think, he is asking that he has to be millionaire and not you..

 

[Esthyle_Raja]

Here is the strategy I am working on...

1) find a liquid stock with high volumes , like suzlon or Unitech
2) make sure that the stock is less than Rs. 200 in Spot value and their near money call is less than Rs. 10
2) find their support & resistance levels
3) buy near money put when the stock reach near resistance level, and switch to call when it reach near support level.

with leverage you can buy in bulk.. my current position is in Suzlon...

I have 12000 (4lots) 100CA at avg of Rs. 5.3 and LTP is 6.7.. already in a profit of 16k (23%) for the day... and my cost was 63k


Best of luck and see you in millionaire club soon, I might come in my Ferrari

Vikas, Thanks a lot... really good information.:clap: I am also trying to learn option. Can you please elaborate more.... like how to find support & resistance level ??

And which stock you would suggest to monitor so that one day we try its option whenever we get comfortable......

 

[findvikas]

End of Day Pivot points can help you give potential support & resistance. For Intraday previous day's high & low can act as support and resistance as well, but little risky though in case of volatile market.

Learn more about it here - http://www.investopedia.com/articles/technical/061801.asp?viewed=1

See the Option Chain tool on NSE and find out the highest number of Puts & Calls again to find potential support & resistance
http://www.nseindia.com/content/fo/optionChain.htm

it can also give you an rough idea how liquid a particular option is, Out of money are usually less liquid but premium is less as well... if you are confident that the stock will turnaround in a day or two then buy out of money otherwise play in the money.

Like the story of TATASTEEL.. they had a big loss and market was choppy and bearish, it must fall in bearish market with those numbers so I bought out of money puts. In case of suzlon, the stock is in top 5 from couple of days and may see a pause for some time but will bounce strong above 105 so I bought in the money as it could take 1 day or 1 week to break 105 resistance but it will happen.

Look for most active securities by their traded quantities for the intraday options trading.
http://www.nseindia.com/content/equities/MostActiveSecuritiesQuantity.htm

the more its traded in cash, the more liquid are its options.