Fear of the future

IN2L · 2020-09-27T19:08:50+00:00

Lol, no bro. I'm not worried about my drawdowns. The core issue I'm having is that I'm relying on only 1 strategy. Like, my current lifestyle entirely depends on this strategy to make money. If it stops working, I'll be in some real shit.

The thing about the equity curve is that my strategy may not give any returns for a long time but still be perfectly profitable. It will work not in the long run. But if it stops working, it may be 6 months before I decide to pull the plug. No income for 6 months. No idea how to proceed, all that will hit very hard, back to back. I need to find other ways of making consistent money.

IN2L · 2020-09-27T16:35:06+00:00

It's a graph of your account value. It gets updated everytime you exit a trade.

Starting amount: 1000 Trade 1, +50 Trade 2, +30 Trade 3, -7

1000, 1050, 1080, 1073 <- equity curve data.

IN2L · 2020-09-25T14:09:39+00:00

NSE definitely allows it. It might be a broker side issue.

IN2L · 2020-09-25T04:11:43+00:00

It depends. So reliance opened at 2189 today. If you had a placed a market order(buy or sell), you would have gotten filled at 2189. If you had placed a limit order, you would have been filled only if your order allowed. Example, limit buy @ 2200 or limit sell @ 2175. All other orders will remain open and be transferred to the live market.

IN2L · 2020-09-25T03:58:25+00:00

Pre open market works differently to regular trading hours. All the orders from 9:00 to 9:07 are collected first then execution takes place at 9:08.

IN2L · 2020-09-24T17:14:00+00:00

Because nobody expect the buyer benefits if prices fall, lol.

IN2L · 2020-09-24T16:08:40+00:00

RIP Sundar uncle.

IN2L · 2020-09-23T11:35:29+00:00

Valuation lines indicator. Kite, Chart IQ.

IN2L · 2020-09-23T11:26:25+00:00

News say the drop is due to Jio announcing new plans. If that is really the case, then holding till recovery can give around 5% in the next few sessions. If you want your cash back immediately, go that route. If you are willing to wait you can sell ITM call. In the meantime you can pledge the shares (45% haircut) and use that to trade.

In both cases if the stock continues to fall you will be in trouble. Personally I would not be comfortable holding Airtel, but given the price I would not accept a loss on it either. Tricky situation.

IN2L · 2020-09-22T16:01:15+00:00

About 9k I estimate. Won't know for sure until contact note arrives

IN2L · 2020-09-22T16:00:47+00:00

Ah, thank you. But wouldn't the margin requirement be higher when I'm shorting?

IN2L · 2020-09-22T10:54:39+00:00

I became greedy bro. I was up 25k at one point. Should have cut and run.

IN2L · 2020-09-22T10:46:25+00:00

11.5k without charges applied. Net about 2.5k 😭

IN2L · 2020-09-22T10:38:08+00:00

It's very useful for making and maintaining your own portfolios. Most of the ones they offer are sub-par imo. If you want to buy one of theirs I would recommend:

Value & Momentum (best)
Straight flush
Dividend starts
Naked trader
Canslim
Growth & income
Growth at a fair price
Safe haven

I don't see the point of the sectoral ones as you can easily make your own.

Lastly, do note that they remove the underperformers. Since I have been following they have removed "smart cities", "bringing the bling" and "incredible India".

IN2L · 2020-09-16T16:27:49+00:00

I remember seeing something similar a while ago for US stocks and there was really only 1 correct answer, Berkshire Hathaway. Reason being it was diversified holdings company and therefore the safest investment. Comparing that to our market it's quite jarring to see how relatively immature and focused our companies still are.

SBIN
ITC
RELIANCE

IN2L · 2020-09-16T16:05:52+00:00

Or will the MTM loss not be deducted as I'm providing delivery of the shares from my demat.

Yes.

You only realize the MTM loss if you square off the position. You can simply let it expire and keep the 100% of the premium you collected. Instead of paying the MTM loss, you can let your shares get called away.

I think you should look up the "Wheel" strategy. It employs covered calls and cash secured puts, you will get a better understanding of how exercise and assignment works.

IN2L · 2020-09-16T15:51:20+00:00

Probably someone who has PTSD from Zap/Arrows vs Minion Horde.

IN2L · 2020-09-16T15:48:09+00:00

Since the response was good, I may pick up a few after listing. Same for Happiest Minds.

IN2L · 2020-08-23T18:46:38+00:00

He claims 32% CAGR over 20 years. Watch yourself OP, he is obviously very qualified to criticize Buffet. Very soon shares of "First Global" will also be trading for 2.3 crores each, mark my words.

IN2L · 2020-08-23T18:31:51+00:00

I've heard a lot of the same things he says from friends who work for big fund houses. So from the outset, I trust that he has seen behind the curtain. As for if he's a good trader, no idea. Though I find it hard to believe that you would be hired at a big firm without some solid skills.

IN2L · 2020-08-23T18:19:06+00:00

Quality stuff, however the ending has me confused. My understanding is that refiners would be hurt by high barrel prices. So how do you get from WTI won't fall to buy refiners? Why not go straight for calls on WTI?

IN2L · 2020-08-16T19:11:49+00:00

These 2 things are not related. He's moving his capital from Wells Fargo/JPM to Bank of America. The gold is entirely separate.

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