Work of RM (Relationship Manager) Sharekhan


Well-Known Member
If it is found that tips are being promoted to promote turnover, it is still illegal :)
rm is quite useful sometimes and does a good job online ..i haven't had bad experience yet...i told my rm politely not to send me any tips and he immediately stopped sending me the tips.......


Active Member
If it is found that tips are being promoted to promote turnover, it is still illegal :)
Thats what cant be proved, but one thing can be proved though, no one can make money following brokers tip. I will rather prefer flipping a coin and taking my shots.
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Active Member
That sure will work with proper psychology and money management, as probability argues you would won 50% times.
U think!! I don't but I do think it would be a interesting discussion.
There is 50% probability of heads vs tails because of even distribution of probability of outcomes in a long run. 50:50

If I say Buy for every head and Sell for every tail then in say 1000 trades u would get close to 500 buy trades getting triggered and 500 sell trades getting triggered, doesnot really means 50% win or loss.

Risk management- Risk vs reward ratio if I take 1:3 (assuming a good one).
Risking only .5% of my account balance on each trades as 1% would only allow me 69 loosing trades(without a win) in row before my account losses 50% of its equity and with .5% I can take whopping 139 trades(without a win) in a row before my equity drops 50%.

Even with these sound moneymanagement system I have no idea will this system give me any edge.
Either my stoploss will get hit or my target or it will not hit either side, so for that we need to take a shorter Timeframe & distance b/w SLTP and Target price can be decreased because of low ATR there are more chances of either sides getting hit in day or whatever TF but remember I need to make sure that every position has be squarred off the same day as we cannot afford morning gapup/down movements as stops wont work overnight if we are talking about Indian markets, unless we trade Forex or other markets.

The probability of stops getting hit would be more than getting the targets hit as the odds are not in our favour but with every winner we will win -3 times (brokers fee cant be ignored) our loss. So, still the mystery lies what is the probability of getting the Stops hit vs getting Profit Targets hit. Although a probability of just 30% wins can turn this startegy into a winning edge. .
I would like to ask any experienced trader to give me some guidance, if there is any way to work out the calculations or other ideas to add a pinch of salt to this so called strategy. A background in quantitaive finance or statistics could defenitely give some heads up.
PS: Apologies if I have posted in a wrong thread.


Well-Known Member
Thats rite paul. Though I wrote the post "just like that", it is really an interesting topic.

What you do all with your technical system is, taking a decision. Managing your decision is and being disciplined does not do anything with the system.

Any good trading habit would give success in long run, if not only in long run.

Glad it shared. :)

Happy Trading
Absolutely right.....

THINK OF RM's AS THUGS !!....ESPECIALLY INDIABULLS ones...they are thorough cons !!

Never ever let them lure into trades...they get paid to screw you..Never bite their bait