The Stock Market thread

[KnackChap]

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

[KunjanPSD]

15 minutes ago, muathaz03 said:

so nobody does intraday here? 

 

would love to have some company for sharing daily loss porn. 

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

[KunjanPSD]

15 minutes ago, Bird Bird Bird said:

So Americans can't buy GME, but Europeans and Koreans and who not are still pushing up the stock as much as possible. 

Wow. This is awesome ! 

Reading WSB right now. Feels epic. 

It went down to 126 and came right back up but I feel like it's losing steam. So many people must be holding from 350 levels.

[KunjanPSD]

11 minutes ago, muathaz03 said:

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.

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.

[KunjanPSD]

5 minutes ago, KnackChap said:

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

Will only start to stabilize a week after Budget.

[KunjanPSD]

13 minutes ago, muathaz03 said:

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.

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

[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.

Edited January 28, 2021 by muathaz03

[muathaz03]

7 minutes ago, kunjanp said:

Will only start to stabilize a week after Budget.

everyday after market closes i tell myself i'm not gonna trade until feb 7. but you know 

[Bird Bird Bird]

14 minutes ago, KnackChap said:

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

Stocks ? MF ? 

 

My MF is green. +28% absolute. ~13% XIRR. 

 

But now I know which funds to sell once the market rises. 

[Bird Bird Bird]

2 minutes ago, muathaz03 said:

everyday after market closes i tell myself i'm not gonna trade until feb 7. but you know 

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. 

[KunjanPSD]

5 minutes ago, muathaz03 said:

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

 

which stocks and what TF please?

 

 

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.

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.

[KunjanPSD]

7 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. 

Best will be to look out for stocks you have high conviction in for the long term, take advantage of the dips and add. Don't dabble in intra till mid Feb.

[muathaz03]

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.  

 

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

[KunjanPSD]

1 minute ago, muathaz03 said:

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

Yup, a few from my college. 

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

[muathaz03]

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? 

[KunjanPSD]

Just now, muathaz03 said:

that's awesome. <10% red days!! 

 

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

 

 

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

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.

[hope]

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

[muathaz03]

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 

 

17 minutes ago, hope said:

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

 

everything is good in hindsight. 

[Bird Bird Bird]

Anybody got anything in Indigo Paints ? Can't see allotment status (nothing on Linkintime or BSE etc), but the blocked money is back in my account. Hence no allotment likely. 

[KnackChap]

IRFC opening below expectations. Kabhi kabhi lagata hai apun hi panauti hai.