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muathaz03

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Posts posted by muathaz03

  2. The Stock Market thread

    in General Chatter

    Posted

    2 minutes ago, kunjanp said:

    That could have been a contributing factor but this happens every year around budget.

    I was holding off from adding to my long term portfolio till after the budget ended but the market took off before that. But fortunately my bet on the insurance news did great with Finserv.

     

    I was going to start swing/short term after budget. now it's ran up too much lol. will wait for the next correction (if at all in the near future). 

  4. The Stock Market thread

    in General Chatter

    Posted

    1 hour ago, kunjanp said:

    Market was going down because of the budget. It just recovered when the budget didn't go bust.

    I doubt the fall was due to budget. all global markets were underperforming too. all global markets are interlinked and it was just a general sell off all over. please correct if i'm wrong.

  6. The Stock Market thread

    in General Chatter

    Posted

    no matter how strong the rally is, no matter how much every stock moves up. i always end up in red :hi2: :cry:

     

    incurred a loss in the morning session and moved away from the terminal expecting frequent whipsaws and wild swings. now when i check back, even ITC has moved strongly in one direction. as usual, moves happen only when i exit my terminal :fever: 

  9. The Stock Market thread

    in General Chatter

    Posted

    19 minutes ago, kunjanp said:

    My philosophy is to prevent the loss in the first place. Use only your capital till the time you are pulling in consistent returns. Because if you can't handle your own capital, how can you handle the borrowed capital? Just reduce down the quantity.

     

    Well that's the correct way to look at it. to each his own i suppose. 

    • Like 1

  10. The Stock Market thread

    in General Chatter

    Posted

    1 hour ago, kunjanp said:

    P.A ftw. Support, resistance and most importantly, experience. 

    Indicators are your supporters.

    exactly. that's the plan :D

    sounds easy and simple but really isn't. hope experience improves my skill over time. 

     

    1 hour ago, kunjanp said:

    Obviously, that's the natural tendency. That's why I recommend people to let go of leverage at the starting, trade using only the money you have. No matter how small the gains are, they are providing you something much more valuable, experience.

    but one problem with very low capital and not using leverage is that one won't learn much from the failed trades. it's only when the loss stings, one actually will go and analyse what went wrong/what could have done better. otherwise it's just like paper trading. just my opinion. 

  11. The Stock Market thread

    in General Chatter

    Posted

    20 minutes ago, kunjanp said:

     

     

    It's not that easy to bet. What if you buy calls and the market tanks? And opposite for the puts?

    Buying both won't help you either, one will provide gains while the other will not. One might think that the greater of the two will win and provide gains but it's highly unlikely, depending on the spot prices involved both of the OTM calls and puts might be in the red. Don't underestimate Black Scholes.

     

    it looks easy until one decides to do it frequently. maybe one two times beginner's luck is applicable. all beginners including myself think we would do better if we had bigger capital. 

  12. The Stock Market thread

    in General Chatter

    Posted

    46 minutes ago, kunjanp said:

    You only need RSI, MACD and Volume. Maybe a sort of MA. They will help to set up trends over longer time frames.

    They shouldn't be the basis of your move in smaller time frames but support your theory.

     

    i was going to say that. P.A with volume is the sole thing i focus up on now. at times it feels easy but it really is not. only experience can improve the skill. if there's one indicator i'll learn deeply in the future it's RSI. VWAP and MAs will try soon. like you said not to base my moves but to support them. 

  14. The Stock Market thread

    in General Chatter

    Posted

    43 minutes ago, hope said:

    I did thorough analysis man. Sure shot profit of 600rs net :PI bought almost at lowest price but it never fluctuated after that strangely dont know why :wallbash:

     

    Now i wait for Monday Morning :fear1:

    only people who assure you of 100% sure return from the market are scammers. there's nothing sure shot in there :P

     

    37 minutes ago, Bird Bird Bird said:

    Day trading needs nerves of steel, and the ability to analyse all the technical indicators really fast. 

     

    day trading is the only thing which takes you through every human emotion in a very short time 

     

    btw I don't rely on technical indicators much (rather not at all). i could be wrong but they are of very limited utility for day trading imo since they are derived from price itself and is lagging. they might be more useful for short/swing/positional trades.

  16. The Stock Market thread

    in General Chatter

    Posted

    4 hours ago, hope said:

    Biggest investment i made today, fell flat. Now i wait :wallbash:

     

    i was up 5% for the day, was hoping for 10%, stock showed slight weakness, i exited at 2.5%. entered a couple other positions, sl hit. after 10 min i see the first stock behave EXACTLY like i thought it would. ended the day with 1% down. :wallbash: FML. FML. FML. 

     

    2 hours ago, Bird Bird Bird said:

    https://www.reddit.com/user/Deepf**kingValue/

     

    Legend. 

     

    50K USD options call, already took out 2 million USD, many more millions left. 

    Real legend. :wub:

     

  17. The Stock Market thread

    in General Chatter

    Posted

    24 minutes ago, kunjanp said:

    I haven't had a problem with the liquidity. But obviously, if the active volume drops down too much then I don't take in the position.

    Yeah, they do it full time now but be aware they have tons of experience and trade with capitals ranging from 50L to 2cr or even higher. You need to confident in your own self, baki koi confidence inspire nhi kar skta bro.

    Very true. 

     

    i'll try for a couple more months and then see what happens. probably will have to stop day trading at this rate :unsure:

     

    17 minutes ago, hope said:

    Market is so predictably volatile, isnt it good for intraday now?

     

    everything is good in hindsight. 

    • Like 1

  18. The Stock Market thread

    in General Chatter

    Posted

    5 minutes ago, kunjanp said:

    I like finance and have requisite background. I don't expect everyday retail investor to use algos. For me, it used to go in red when I first started out but now keep my SL game on point and red days remain <10% of the total.

     

    Alkyl Amines and Neulandlab. Generally 15 and 30 mins but I go through multiple TFs.

     

    Leverage is fine but again risk + quantity management and SL is the most important. Anyway, leverage has been greatly reduced and will continue to reduce. Soon the capital requirements will be too much that everyone will need to make basket orders of various kinds.

    that's awesome. <10% red days!! 

     

    aren't those stocks very illiquid? much more riskier for day trading i believe?

     

    1 minute ago, kunjanp said:

    Yup, a few from my college. 

    Others don't risk their own capital but the capital of the company they work for.

     

    that's very confidence inspiring. those few from college are they full time traders now? 

  19. The Stock Market thread

    in General Chatter

    Posted

    3 minutes ago, Bird Bird Bird said:

    Closing days always have high volatility. And today was monthly derivative closing. 

    Plus budget uncertainty. 

    Don't trade till a week post budget. Let things settle. This is not the time for traders who can't do it full time. I'm also staying out till mid Feb. 

    yep expiry sessions are always volatile but now it's been like this since more than a week. Stocks swinging and SL hunting like indices. totally random moves. well in hindsight it's easy to analyse but realtime since last week it's been extremely difficult. 

     

    i'll be able to do full time only till march before i have to go back to college. :cry: 

     

    p.s: does anyone actually know anyone irl who has made it in day trading?

  21. The Stock Market thread

    in General Chatter

    Posted · Edited by muathaz03

    14 minutes ago, KnackChap said:

    Last 2 weeks have been terrible tbh. PnL went from + 30k to -40k. 

    Intraday? 

     

    12 minutes ago, kunjanp said:

    I do but not always. And most of the time it's my algo.

    ahaan. how's it going for you? I'm a very beginner don't know anything about how algos work.

     

    9 minutes ago, kunjanp said:

    For the past 2 weeks all I did was to concentrate on a couple of stocks and observed their behaviour. Found a few recurring patterns and pulled the trigger. Fortunately they all worked out.

    which stocks and what TF please?

     

    6 minutes ago, kunjanp said:

    Risk management and strict SL is the name of the game, be it equity or options. Large capital is needed for decent gains though.

     

    i know leveraging is a suicide mission but i feel one can do well with low capital and leveraging if success rate is at least 60%. and then compound further. 

     

    edit: equities. not bn or nf options.

  22. The Stock Market thread

    in General Chatter

    Posted

    2 minutes ago, Bird Bird Bird said:

    And that's exactly why I stopped derivatives. Intraday and BTST. 

    burnt my hands with scalping options. but equity intraday with proper risk management still seems doable. however since the past 1.5 weeks volatility is off the roof and swinging up and down like nothing. just when i thought i finally had a grip, the next two weeks end up like this.

  24. The Playstation 5 thread

    in News, Rumours and Discussions

    Posted · Edited by muathaz03

    whoops. turns out it was the console's issue.

     

    I held the console the console at an odd angle and it read the disc fine.  :wallbash: 

     

    Is this issue easily/cheaply fixable? looks like it has some problem moving the disc into the reader properly. 

     

    edit: holy sh*t, 55 min to copy the game to console ??! :ranting:  ps5 better do it an a few min.

    • Haha 1
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