https://zerodha.com/z-connect/zerodha-60-day-challenge/winners/intraday-stock-trader-par-excellence
Better stocks than futures?
Better stocks than futures?
What do you think?
- Thread starter trader1974
- Start date
Firstly, when you put this into USD terms, Rs(a.k.a. INR) 50000 = 669.54 USD.
Right there, that tells you, in general, the pricing of the stocks he trades and the percentage moves his trading. His Rs 1000 losses = 13.39 USD, and the Rs 2000 gains =26.78 USD.
That said, I agree with his principles of Scalping (or intraday "swing") and keeping a fixed account size. OTOH, for a scalper, 100 trades a week is very low, a 40% win rate (which is meaningless for most everyone EXCEPT a scalper) is not very good, and to operate from your gut is just simply, a losing method.
Better than futures? I don't think so. 1 TICK of a MICRO ES equals 1.25 US = INR 93. Maybe he doesn't have access to CME, because that's pretty damn flexible for sizing, which he claims is why he doesn't trade futures.
I submit his success is relevant ONLY in his locale. It is not scalable to markets priced in stronger currency. He would fail miserably, imo. Worth a write-up? Only in his country. Worth a read? Not really.
Right there, that tells you, in general, the pricing of the stocks he trades and the percentage moves his trading. His Rs 1000 losses = 13.39 USD, and the Rs 2000 gains =26.78 USD.
That said, I agree with his principles of Scalping (or intraday "swing") and keeping a fixed account size. OTOH, for a scalper, 100 trades a week is very low, a 40% win rate (which is meaningless for most everyone EXCEPT a scalper) is not very good, and to operate from your gut is just simply, a losing method.
Better than futures? I don't think so. 1 TICK of a MICRO ES equals 1.25 US = INR 93. Maybe he doesn't have access to CME, because that's pretty damn flexible for sizing, which he claims is why he doesn't trade futures.
I submit his success is relevant ONLY in his locale. It is not scalable to markets priced in stronger currency. He would fail miserably, imo. Worth a write-up? Only in his country. Worth a read? Not really.
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The action of the price of some shares is better than the action of the price of futures, with futures there is no possibility
Yea. And at any given time there is a bull market somewhere, and a bear market somewhere else.
Food tastes better when eaten with a fork.
But ... are you consistently profitable trading intraday futures? I do not think so.
There are edges that are specific to index futures. Single stocks are different.
Futures can be used to create synthetic indexes and portfolios.
Futures can be used to create synthetic indexes and portfolios.
Although your question has absolutely nothing to do with this thread, I will answer the question... Yes.
Typical ET horseshit. Start a thread asking a question or a call for input. And when answers are in opposition or disagreement with desired results, attempt to discredit the participants who gave the answers.
If both you and the guy in the article put your money together there wouldn't be enough to open a PDT stock trading account in the USA!
I think a lot depends on the person. It's hard for me to give recommendations for nothing, because each of us has our own needs and peculiarities, and that's why you have to choose the one that suits you. Among my friends there are traders with absolutely different specialization and different methods of market analysis and trading itself. And all of them are quite successful representatives of our sphere, much depends on how much a person is used to work independently, cope with difficulties and realize the set goals. So, there is no need to ask questions, I think that you should try both directions, using small amounts, and then make the final decision.
Working with stocks is the most productive in my opinion, because it allows you to get a lot more information that you can implement in order to make a qualitative analysis of the situation.
All companies periodically provide data about their developments and innovative solutions. And it always causes certain demand and splash in the market, here the main thing to be attentive. And it is not necessary to use at once in work all available stocks. It will suffice to concentrate on 5-7 companies which have the greatest potential of price movement.
And let your work now will not be easy (after the quarantine the economic situation has become quite tense), but in general, large companies have coped with it, and this is a good sign.
All companies periodically provide data about their developments and innovative solutions. And it always causes certain demand and splash in the market, here the main thing to be attentive. And it is not necessary to use at once in work all available stocks. It will suffice to concentrate on 5-7 companies which have the greatest potential of price movement.
And let your work now will not be easy (after the quarantine the economic situation has become quite tense), but in general, large companies have coped with it, and this is a good sign.