nac Calling JOBBERS/SCALPERS

[rahuld2976]

"He has tried to invest long term, but his experience has been "very bad. This jobber's business is safer compared to long-term investing, which does not always give good returns. Look at HLL, it's not given any returns in the last one or two years. Had I invested in it, I would have lost. I've not taken delivery of any share for four years. After losing money, I decided that this is the only way to make money in the market."

Good article. But I do not agree with him regarding LONG TERM investment.
Just case of HLL is taken, but there are innumerable stocks (Educomp, Jain
irrigation,Bhushan steel,............a big list) which gained smartly.

Agreed & seconded.

 

[spatch]

FINALLY!!!!!

Read this whole thread, yes! all 49 pages of it, in one sitting!! (well accept for a lunch break )

Well, what do I say, I found it so riveting that I couldn't stop although I must say that the initial pages were much more interesting when Nac was documenting his journey here.

Regardless, I have learned a lot from this thread alone, and plan to be a regular @ TJ.

Now something about me:

I am from Mumbai, I am 30 years old, I am actually into acting well, not yet got any big assignment (otherwise I would not be here , please don't take this statement otherwise, what I mean is my first love is acting)

So why am I here? Well, one of my actor friends earns his expenses from trading and I learne a bit from him, have been reading a lot and watching a lot of online videos to learn day-trading. My only goal is to earn about 10-20000 a month so that I can meet my daily expenses.

I am aware that it might be few months (@ best) when I approach anywhere near that target.

Right now am just learning so I am trading with a very small amount 10,000 (I don't know why people refrain from posting trading figures in rupees ;-) ) so that I can know if trading and I are compatible!!

Right now cannot think of anything else that I can write to introduce myself, if anyone wants to know anything else, do ask me

Now my few cents to this thread!! (I've noted down the points while reading this thread from the beginning, so if you see me responding to something posted months back, please excuse me

# I saw a lot of people expressing Huge SHOCK when Nac reported that he lost 27% of his capital in one day...

Well, I must admit, that I lost 31% in one day. Now let me explain how, that was only 4th day of my trading (I've traded only7 so far, I know, I know, eyebrows must be beginning to raise up), the previous day I had booked profit of about 1000 rupees (needless to say I was using margin obviously, with 10,000 rupees in my account, my first days turnover (buy+sell) was 250000, second days was 140000 and third days was 80000) and so the fateful day I also committed the mistake of letting my loss run in hope of turning the looser into a winner, to add to my blunder I also averaged my position.

Net result EOD I was down 3100 incl. charges.

Since then I have learnt my lesson,

-Have stopped using margin,
-Started using stoploss (I was using mental stoploss!! and that day I kept giving leeway to the market as it kept going down.

Now my single trade size is no more than Rs 2000.


#I read in one of the posts that Nac was saying he had to get his terminal from RKG deactivated to save on fees, I did not get it, I am using IIFL TT and I am not charged for using the terminal. Do they charge for using the terminal?

Also I have noted that almost everyone is using broker firms which are not that known (at least to me) do they give lower brokerage rates?? is IIFL expensive in brokerage?? (for my kind of turn over, for now at least)

# Also I find the idea of jobbing interesting and would like to try it, what I want to know how do you guys put stop-loss so quick, coz AFAIK in TT you have to first put the buy order and the click F2 (for sell) and then put a stop loss order, and then you will have to put your normal (profit) sell order, this will take too much time

So please shed some light on this..

#Some one had mentioned Susan Boyle (I know the post is probably MONTHS old , but still...) in context of people who are not talented, and then shock everyone...well if you saw the Susan Boyle performance, its not that she was not talented, its just that she was very plain looking and did not fit the stereotype of a pop-singer, so no one (incl. judges) expected her to win, but when she opened her mouth to sing, everyone was blown away...

So she did not change and then become talented (like Robbie in the story mentioned in the thread)..


#Last, but not the least, thanks Aadiya for uploading those books



I also would like to ask Nac if I can hijack your thread and post my progress in it like he was doing earlier

BTW Nac what is the status of your trading account??

 

[razx5]

Is it? I don't think that naming our broker is against forum rules. Ok, fine the information you have given is enough.

About brokerage, you said that two years back you had to pay more i.e. Rs. 50/- per crore and now you are paying Rs. 300/- per crore. Then it should be higher than before.(or its wrongly entered Rs. 50/- instead of Rs. 500/-).

So you are into commodity jobbing??? Got any experience in capital market?(jobbing) and the above brokerage is for commodity not for cash market, am i right?

You are paying 30-40 grand a month as brokerage. ooooohhhhh I can't even able to think about it. Its tooooo much for me. I can't really afford that.

http://www.cdintegrated.com/prof_stock.htm

 

[nac]

spatch,



http://www.traderji.com/options/37607-100-profit-6-months.html

Follow the link and read it, it will be much better than this thread. It was bit shorter than this thread but I took more than 1 sitting to read it completely.

Loss of 27%:

It's not a good show for a day trader, losing 1/4th of his capital in one trading session when there was nothing weird in the market. It was actually one of my worst day. Unfortuanately, I lost more than that later in my trading journey.

TT charges:

TT is free while ODIN of RKG is Rs. 299/- monthly per segment. Don't bother about terminal charges. And about brokerage, for your daily volume brokerage of 3-5 paise is good.

Jobbing:

Just scroll up and follow the link given by raz... you will get to know about jobbing. Anuragmunjal was a jobber, he could guide better than many...
There will be no time for jobber to put stop loss order for every trade. Since he don't hold for more than a minute or two, its highly not possible. He will get out with limit order as and when he feels so.

Yeah, you can post your progress here, I have no problem.... after all its a public forum.

Finally!

It's been a long time since I posted my trading activity/status. I quit posting my progress/status just after I lost my whole capital (initial). Because of too much criticism put me stay away from posting. I was super confidence even when I was losing but when I lost 100% of my initial capital that confidence started to fade. As tnsn suggested I kept my mouth shut. I just saw a green month for the first time since Apr 2010.

I am down 142%.

 

[anuragmunjal]

Also I have noted that almost everyone is using broker firms which are not that known (at least to me) do they give lower brokerage rates?? is IIFL expensive in brokerage?? (for my kind of turn over, for now at least)

# Also I find the idea of jobbing interesting and would like to try it, what I want to know how do you guys put stop-loss so quick, coz AFAIK in TT you have to first put the buy order and the click F2 (for sell) and then put a stop loss order, and then you will have to put your normal (profit) sell order, this will take too much time

So please shed some light on this..

hi Spatch

I have mentioned a few brokers here of whom you may not have heard of (although most of them are 'big'). since trading is my full time job, apart frm competetive brokerage,there are other factors too... I cannot make any compromises on order execution, speed etc. It is imperitive for me to have a one to one with the broker, so that in case of any problem arising, it can be rectified immidiately. this would not be possible with religare, indiabulls etc. simply becos u will have a relationship manager..... u tell him ur problem.. he asks his senior.. who asks his boss and then they revert back to u in the same manner. just to give u an example, normally brokers auto square-off ur trades between 3.10 - 3.20 . while jobbing, I have sold short after 3.29 and squared before 3.30 or vice versa on numerous occasions. there are various other such reasons due to which I prefer working with brokers with whom I have a direct relationship. since u are starting afresh, these things would not matter much to you, hence u can start off with any broker of ur choice, but once ur turnover starts increasing, u may someday want to work with a broker who knows u and understands ur style of trading.
regarding ur second query, if u are jobbing fulltime, u donot have the time to put in SL.either u book a profit or a loss. hence if u have bought a stock in the anticipation of it going up, and it does not, within ur timeframe (which can be as small as a few seconds) u sell it back there n then. while jobbing SL means booking a loss , not the actual putting of SL in the mkt.

hope this helps

 

[anuragmunjal]

There will be no time for jobber to put stop loss order for every trade. Since he don't hold for more than a minute or two, its highly not possible. He will get out with limit order as and when he feels so


hi Nac

U are right on the dot there.
good to hear that u had a green month.....
the problem with jobbing today is that there is not much public participation. I did some jobbing in Acc and Gail (after a long while) on the last month's expiry day and I could sense that it was jobber against jobber, system trading against system . even at round numbers, where an year or two back u would find buy or sell bids of thousands of shares, there were hardly any buyers or sellers.
hence would suggest that u trade on a slightly higher time frame.

regards

 

[nac]

Anu,

Yeah, I am trading with higher time frame now. After reading few posts of yours and read few articles on automated/program trading, I am asking myself "Should I do jobbing with this liquidity and charges?"

After reading article (link by raz), I felt that.... Luckily, I wasn't there as a jobber when they were paying huge amount as statutory levies. I might have lost more than this.

With very good volume and BEP in just one tick away, jobbing/scalping in NYSE/NASDAQ will be much better than NSE/BSE.

 

[Raju]

nac ,

As per u'r experience which broker would u suggest for jobbing ?
My Internet/Machine/Backup all is almost set .I do swing but at times surely do scalping , jobbing , small timeframe trades.But need good brokerage with less downtime.

Raju

 

[nac]

nac ,

As per u'r experience which broker would u suggest for jobbing ?
My Internet/Machine/Backup all is almost set .I do swing but at times surely do scalping , jobbing , small timeframe trades.But need good brokerage with less downtime.

Raju

I have traded in three platforms. Religare's RACE Pro, IIFL's TT Adv, RKG's ODIN. In my experience none of 'em seems to be good for jobbing. If you insist to choose one, I would choose ODIN.

I should nod (atleast now) to anu's words. It's better to do jobbing @ broker's place.

 

[razx5]

guys..chekout nseindia dot com..market today -bulk deals on the day of new listing..for eg..bstranscom..u can see some common names..these guys r the high profile jobbers or hni jobbers..common names means these guys names appear jus during new listing and they trade till the volume diminishes n this scrip..usually new listing scrips have volumes till 7 days..these people trade this scrips everyday..huge quantity..min profit..chekout 27-10-2010 to 28-10-2010


Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg.
Price Remarks
27-Oct-2010 BSTRANSCOM BS TransComm Limited A TO Z STOCK TRADE PRIVATE LIMITED BUY 1,56,779 332.05 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited A TO Z STOCK TRADE PRIVATE LIMITED SELL 1,56,739 332.31 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ADROIT FINANCIAL SERVICES PRIVATE LIMITED BUY 1,91,782 338.28 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ADROIT FINANCIAL SERVICES PRIVATE LIMITED SELL 1,91,782 339.85 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited AJAY ASSET MANAGEMENT PRIVATE LIMITED BUY 2,49,143 333.01 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited AJAY ASSET MANAGEMENT PRIVATE LIMITED SELL 2,49,643 334.92 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited AKSHI FINANCE PRIVATE LIMITED BUY 3,87,634 315.55 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited AKSHI FINANCE PRIVATE LIMITED SELL 3,87,634 317.82 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ALIVE CONSULTANTS ALIVE BUY 2,80,149 319.13 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ALIVE CONSULTANTS ALIVE SELL 2,72,149 317.44 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ARCHITA C GADA BUY 2,03,844 340.69 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited ARCHITA C GADA SELL 2,03,844 341.63 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited BLUE PEACOCK SECURITIES PVT LT BUY 2,46,237 318.17 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited BLUE PEACOCK SECURITIES PVT LT SELL 2,46,237 322.88 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited BP FINTRADE PRIVATE LIMITED BUY 4,19,561 333.68 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited BP FINTRADE PRIVATE LIMITED SELL 4,19,537 334.55 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited C D INTEGRATED SERVICES LTD. BUY 3,34,837 339.29 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited C D INTEGRATED SERVICES LTD. SELL 3,34,837 339.88 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited CPR CAPITAL SERVICES LTD. BUY 1,32,515 336.47 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited CPR CAPITAL SERVICES LTD. SELL 1,32,515 336.47 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited CROSSEAS CAPITAL SERVICES PVT. LTD. BUY 28,01,808 324.01 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited CROSSEAS CAPITAL SERVICES PVT. LTD. SELL 28,01,707 324.80 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited DINESH MUNJAL(HUF) BUY 2,06,872 335.31 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited DINESH MUNJAL(HUF) SELL 2,06,872 336.38 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited EXCEL STOCK BROKING PRIVATE LIMITED BUY 1,50,537 341.56 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited EXCEL STOCK BROKING PRIVATE LIMITED SELL 1,50,537 341.39 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited G RAMAKRISHNA BUY 2,32,781 317.14 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited G RAMAKRISHNA SELL 2,32,681 316.72 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GENUINE STOCK BROKERS PVT LTD BUY 7,44,437 336.63 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GENUINE STOCK BROKERS PVT LTD SELL 7,44,437 336.55 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED BUY 1,25,753 336.50 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED SELL 1,25,753 337.30 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GKN SECURITIES BUY 1,18,923 316.44 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited GKN SECURITIES SELL 1,18,923 319.74 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited HARBUX SINGH SIDHU BUY 2,22,929 328.88 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited HARBUX SINGH SIDHU SELL 2,22,929 329.73 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited JAI DEEP MODI HUF BUY 1,39,750 287.83 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited JAI DEEP MODI HUF SELL 1,39,125 256.08 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited KALASH SHARES & SECURITIES PRIVATE LIMITED BUY 5,65,828 348.71 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited KALASH SHARES & SECURITIES PRIVATE LIMITED SELL 5,65,828 348.86 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MANIPUT INVESTMENTS PVT. LTD. BUY 6,25,108 332.27 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MANIPUT INVESTMENTS PVT. LTD. SELL 6,25,108 332.60 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MANYOG FINSTOCK BUY 1,55,018 329.72 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MANYOG FINSTOCK SELL 1,24,718 317.93 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MARWADI SHARES AND FINANCE LIMITED BUY 4,17,846 322.35 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited MARWADI SHARES AND FINANCE LIMITED SELL 4,17,846 322.45 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited NAMAN SECURITIES & FINANCE PVT. LTD BUY 1,61,665 334.85 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited NAMAN SECURITIES & FINANCE PVT. LTD SELL 1,60,195 334.21 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited NEPTUNE FINCOT PVT LTD BUY 2,33,126 339.24 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited NEPTUNE FINCOT PVT LTD SELL 2,33,126 339.74 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited R APPALA RAJU BUY 1,83,000 283.94 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited R APPALA RAJU SELL 1,83,000 280.17 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited RAHUL DOSHI BUY 2,89,974 316.87 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited RAHUL DOSHI SELL 2,89,974 327.53 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SAFFRON FINANCE LIMITED BUY 5,95,091 287.14 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SAFFRON FINANCE LIMITED SELL 5,95,091 289.01 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SALASAR STOCK BROKING LTD. BUY 4,73,225 290.63 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SALASAR STOCK BROKING LTD. SELL 4,73,225 332.50 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SANGRAHALAYA TIMBER AND CRAFTS LIMITED SELL 1,36,000 332.46 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SOHIT INFRABUILD PVT LTD BUY 1,06,949 313.83 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SOHIT INFRABUILD PVT LTD SELL 2,63,683 328.66 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SPS CAPITAL & MONEY MANAGEMENTSERVICES PVT.LTD. SELL 1,52,223 295.01 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SPS SHARE BROKERS PVT. LTD. BUY 1,52,223 262.23 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited SWIFT TIE UP PVT LTD BUY 1,56,734 256.00 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited TANDON VINOD MURLIDHAR BUY 1,21,058 317.40 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited TANDON VINOD MURLIDHAR SELL 1,21,058 333.68 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited VIJETA BROKING INDIA PRIVATE LIMITED BUY 1,21,573 333.57 -
27-Oct-2010 BSTRANSCOM BS TransComm Limited VIJETA BROKING INDIA PRIVATE LIMITED SELL 1,21,573 333.04 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited AKSHI FINANCE PRIVATE LIMITED BUY 1,26,447 360.09 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited AKSHI FINANCE PRIVATE LIMITED SELL 1,26,447 362.06 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited ALIVE CONSULTANTS ALIVE BUY 1,85,584 357.90 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited ALIVE CONSULTANTS ALIVE SELL 1,85,584 358.24 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited BP FINTRADE PRIVATE LIMITED BUY 1,86,631 378.45 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited BP FINTRADE PRIVATE LIMITED SELL 1,91,197 378.86 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited C D INTEGRATED SERVICES LTD. BUY 1,29,835 370.19 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited C D INTEGRATED SERVICES LTD. SELL 1,29,835 371.02 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited CROSSEAS CAPITAL SERVICES PVT. LTD. BUY 11,76,144 379.65 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited CROSSEAS CAPITAL SERVICES PVT. LTD. SELL 11,80,346 381.42 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited DINESH MUNJAL(HUF) BUY 1,23,681 352.23 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited DINESH MUNJAL(HUF) SELL 1,23,681 352.88 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited GENUINE STOCK BROKERS PVT LTD BUY 4,13,899 363.29 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited GENUINE STOCK BROKERS PVT LTD SELL 4,13,899 363.94 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited HARBUX SINGH SIDHU BUY 1,72,198 350.48 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited HARBUX SINGH SIDHU SELL 1,70,698 351.35 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited KALASH SHARES & SECURITIES PRIVATE LIMITED BUY 1,19,455 389.05 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited KALASH SHARES & SECURITIES PRIVATE LIMITED SELL 1,20,955 388.80 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited MANIPUT INVESTMENTS PVT. LTD. BUY 2,55,049 385.93 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited MANIPUT INVESTMENTS PVT. LTD. SELL 2,55,049 386.00 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited MARWADI SHARES AND FINANCE LIMITED BUY 1,10,262 357.31 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited MARWADI SHARES AND FINANCE LIMITED SELL 1,10,262 358.50 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited MILESTONE SHARES AND STOCK BROKING PRIVATE LIMITED SELL 1,65,000 364.82 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited SAFFRON FINANCE LIMITED BUY 2,66,196 340.93 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited SAFFRON FINANCE LIMITED SELL 2,66,196 387.38 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited SWIFT TIE UP PVT LTD BUY 1,18,000 325.04 -
28-Oct-2010 BSTRANSCOM BS TransComm Limited SWIFT TIE UP PVT LTD SELL 1,18,000 326.08 -



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