Day Trading Tips

I am doing intra day trading in NSE. I planned to intra trading in the following stocks using technical analysis. 1. RELIANCE, 2 BHEL, 3 L&T, 4 INFOSYS, 5 SBIN 6 ONGC. 7 TATA STEEL 8 M&M 9 RANBAXY, 10 IB REAL. Pls advice is these stocks suitable intra trading. and any other to be added. or any of these stocks to be deleted.

Have a look these company revenue Growth,Stock Volatility and other factor before Investing like for BHEL

Profit Growth(CAGR) 29.47%
Profit growth Consistency 45.86%

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Revenue Growth(CAGR) 24.27%
Revenue growth Consistency 60.71%
Avg.Volume(Last 30Days) 543,334.00
Stock Annual Volatility 24.13%
Stock Monthly Volatility 5.39%
Check stock’s risk to reward ratio ( Sharpe Ratio) for last one year,
If ratio is greater for stock then the index, means investment in this stock was better off then investment in Index in last one year.
Stock Sharpe Ratio for last one year 0.82
Index Sharpe Ratio for last one year 1.49

I am a little confused as too how the system works to trading in a used game, i found out that you could trade in used games but it also mentioned a 7 day limit, does this refer too getting the full money for a used game back before 7 days and after 7 days you dont get money at all or does it mean that after 7 days you will get some money just not the full price? Please help

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After the 7 day limit, you won’t get the full price back but you will get some money for it. Depending on where you trade it, you may get a gift card. (Like if you trade it at GameStop, you will get a gift card)

I personally think it should be like the old days, where trades were just before and after seasons.
I don’t really like the idea of changing the face of a team right in the middle of a season.
No, I am not sore about losing anyone. In fact, my team has benefitted from this system.
I just don’t like the whole idea.
I was wondering what everyone else thought about it!
Thanks in advance !!

I see both viewpoints on this topic.

I think that it is nice that you can add players during the middle of the season, because sometimes players get injured, and it affects the whole team. A team that has hopes of making the playoffs should be able to go out at get someone who will help them hopefully make the world series.

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On the other hand, I think that a team should be able to compete with what it has, and if the GM didn’t go out and get someone earlier, then why should they get the player at a later time?

I hear under new direct tax code mutual fund dividend gains will become taxable. How likely is it?

And, what are the other sources of investments I should look into for areas where income is tax free and also grows at a proper rate for wealth creation. I cannot invest into real estate or equity markets(as i cannot do day trading).

Any advice would be welcome.

There are 2 options for MF gain payout. Dividend & Growth.

If you opt for Growth, then your investment may appreciate in the long term. In this case you incur LTCGs. At present these are tax free. Govt proposes to tax such LTCGs in new DTC.

If you opt for dividend payout, then the company already pays DDTax before distrtibuting dividend and so it is not taxed in your hand.

You can invest in PPF or NPS.

HMT

I am doing intra day trading in NSE. I planned to intra trading in the following stocks using technical analysis. 1. RELIANCE, 2 BHEL, 3 L&T, 4 INFOSYS, 5 SBIN 6 ONGC. 7 TATA STEEL 8 M&M 9 RANBAXY, 10 IB REAL. Pls advice is these stocks suitable intra trading. and any other to be added. or any of these stocks to be deleted.

Do you make money – profits? If yes, congratulations !

Normally people keep losing money in intraday trades . So be very very alert while you trade.

Normally you should pick up stocks by observing Volumes and Volatility. Those stocks which post hugh volumes with good amount of volatility are best for intraday trades as it allows you to exit when ever you wish. And add a couple of scrips nearer to their board meetings or result declaration dates.

Reliance is all time fav with almost everybody in the market. Tata Steel is another good scrip. State Bank is good but I personally prefer ICICI Bank as it offers good volatility.

i lost my hard earned money in day trading
buy doing intraday trading but maken fool by tips provider
any provider here can help me

Please learn to spell before you can learn to trade. There is no easy money, and day trading is a dangerous game where 70% of people will lose money. You have to think counterintuitively and take advantage of the market volatility. You may also want to minimize your risk by setting up stop orders.

Should I get a desktop or a laptop? Please read below:

•A PC with a good monitor: Most personal computers sold nowadays have the processing power to handle day trading. Because you’ll be spending a lot of time in front of it, do yourself a favor and get a large flat screen — at least 17 inches diagonal.

•A second PC: Computers are fickle. No matter which brand you buy, you’re subject to different mechanical or software glitches that can shut you down. That’s why it’s good to have a duplicate of your system on a laptop or second PC, so that you can switch over quickly.

•High-speed Internet access: You need a fast, reliable connection. Period.

•Spreadsheet software: Still haven’t figured out Microsoft Excel? It’s time. Spreadsheets will help you track performance and analyze returns.

•An online brokerage account: Several brokerage firms specialize in the needs of high-volume traders. They offer online access, real-time quotes, backtesting and other analytical services, and low commission to those who make many trades.

Those specifications would apply to either a desktop or a laptop. Whichever one you get is entirely a matter of personal choice.

If you’re thinking of buying a second computer only because you’re going to start day trading and you believe the stuff you quoted above — why not wait for a while? Give it a month or so and decide for yourself whether you actually need one. By then, my guess is that you’ll have discovered that day trading really isn’t the path to riches you hope it is, and you’ll be glad you didn’t go out and spend hundreds of dollars on a computer you don’t really need.

They charge like $5000 to $8000 for their course? and what’s strange that there is no even one single question about them on Yahoo Answers.
Any reviews or experience please.

My first couple of weeks with Oscar were pretty good. I was totally thrilled to find somebody to do the heavy lifting for awhile. I didn’t have a futures trading account and much of my trading capital was custodied in such a manner that it could not be moved, nor could I use it for futures trading. I followed along with Oscar’s recommendations using ETFs tied to the S&P 500. I began the process of opening a small account just to trade one lot and see how I felt about it. I went thru all the paperwork, asked everybody in the room how much the trade commissions were -’ ask Oscar’ was the reply. Talked to the staff — ‘ask Oscar’. When Oscar finally showed up in the trading room, I private-messaged him several times and asked — what’s the cost. He never answered me. So I’m a schmuck. Figuring it would ten bucks or so at most, I placed my first trade. The trade confirmation arrived and I nearly fell off my chair. The charge for 1 lot round-trip was $50. When Oscar showed up again in the room (mind you, you could wait around all day before the great man made an appearance), I sent him a private message saying that $50 wasn’t going to fly. He replied ‘k’ and closed the chat window. I kept opening the window back up, telling him we needed to have a conversation before I placed any more trades. He kept giving noncommittal answers and closing the chat window. I wrote that I was willing to pay $10 each leg. He wrote no prob. It’s all good. But you can’t discuss it with other room members. Don’t want a mutiny here. Most of the others pay $50. I didn’t put that in quotes, but it’s pretty close to word for word. I said I wanted an agreement it in writing. He said he had ‘guests in town’. I wrote that I wanted it by the end of the day. It took a boycott on my part of one week (not participating in the trading room) before Oscar contacted me. He was full of excuses as to why it had taken so long to reply. Friends in town, birthday party, etc., etc. He wanted me to let him know when I was ready to ‘rock and roll’. The thing that was missing was a written disclosure of trading charges but – I ‘had his word’ on it.

I’m thinking about investing in penny stocks, but would like to know – before making a commitment – if they’re worth the investment. How do I spot the best ones?

Overall No. They are all bad stocks and all you can hope for is that there will be someone to sell you shares at a low price and someone willing to purchase your shares at a high price. There aren’t any fundamentals to base the value of penny stocks with the vast majority loosing money (they got to be penny stocks because they were performing so badly). Most will likely go out of business in the near future making the stock worthless.

As an example, some people made money betting on GM stock when it fell below $1 but like most penny stocks, it became totally worthless when no one would bid $0.01 for the shares. However it was worthless long before no one would purchase the stock at any price but people were just playing a game hoping to be able to make a profit on the swings.

Investing in penny stocks is much like betting with a friend. You just hope that you play the game better than the other guy. Sometimes you do better and some times you don’t and there isn’t much you can do to improve your odds except to try to figure out where the high and low is at on gut feeling.

I am doing intra day trading in NSE. I planned to intra trading in the following stocks using technical analysis. 1. RELIANCE, 2 BHEL, 3 L&T, 4 INFOSYS, 5 SBIN 6 ONGC. 7 TATA STEEL 8 M&M 9 RANBAXY, 10 IB REAL. Pls advice is these stocks suitable intra trading. and any other to be added. or any of these stocks to be deleted.

I personally prefer high volume instruments for day trading: the higher volume the better! The reason is that high volume stocks or indices are harder to influence by single persons or small groups of persons. Indices are even better than individual stocks because they are an average of multiple stocks. Instruments with higher trading volume show better predictable behavior than thinly traded stocks or indices, especially for technical analysis or elliott wave.

If you do prefer to trade stocks, than i would start with the highest volume stocks. You can find this out on yahoo finance, see the url below. Start small with one or two stocks and do some paper trading for a couple of days. Write out your trading method and make sure you apply in the exact same manner every time. This consistency is needed to be able to evaluate your trading method and to which extent the individual stock is suitable for you.

Good luck!