Wednesday, July 6, 2011

learn to trade

vineet mendiratta (7/6/2011 4:23:47 PM): bpcl futures call, u gave today
kailash Chaturvedi (7/6/2011 4:24:07 PM): YES
kailash Chaturvedi (7/6/2011 4:24:16 PM): HAVE U NOT RECEIVED IT
vineet mendiratta (7/6/2011 4:26:15 PM): i did
vineet mendiratta (7/6/2011 4:26:56 PM): want to chk - stk futures are traded in lots right?
vineet mendiratta (7/6/2011 4:27:18 PM): bpcl is 500?
kailash Chaturvedi (7/6/2011 4:28:14 PM): yes
kailash Chaturvedi (7/6/2011 4:28:35 PM): please improve ur trading skill
vineet mendiratta (7/6/2011 4:28:50 PM): thats what i m trying
kailash Chaturvedi (7/6/2011 4:29:08 PM): see if order is ok 
kailash Chaturvedi (7/6/2011 4:29:20 PM): then enter in trade
vineet mendiratta (7/6/2011 4:29:42 PM): what
vineet mendiratta (7/6/2011 4:29:51 PM): order is ok?
kailash Chaturvedi (7/6/2011 4:30:11 PM): ok means clear
vineet mendiratta (7/6/2011 4:30:35 PM): aap jab nifty sell ki call dete hain...matlab, buy pe
kailash Chaturvedi (7/6/2011 4:31:09 PM): konsi pe
vineet mendiratta (7/6/2011 4:31:22 PM): futures sir
vineet mendiratta (7/6/2011 4:31:31 PM): subah aapne call diya tha rightt
vineet mendiratta (7/6/2011 4:31:44 PM): when i asked u
kailash Chaturvedi (7/6/2011 4:31:48 PM): wrong
vineet mendiratta (7/6/2011 4:31:54 PM): and u said buy 5600pe
kailash Chaturvedi (7/6/2011 4:32:07 PM): yes
vineet mendiratta (7/6/2011 4:32:40 PM): so when u give a nifty sell...it pretty much means buy pe
vineet mendiratta (7/6/2011 4:32:43 PM): immediately
vineet mendiratta (7/6/2011 4:32:45 PM): no waiting
vineet mendiratta (7/6/2011 4:32:55 PM): so pik at mkt price
kailash Chaturvedi (7/6/2011 4:32:56 PM): which pe
kailash Chaturvedi (7/6/2011 4:33:03 PM): 4100 
vineet mendiratta (7/6/2011 4:33:08 PM): 5600pe
kailash Chaturvedi (7/6/2011 4:33:09 PM): or 6900
kailash Chaturvedi (7/6/2011 4:33:42 PM): nifty is having pe from 41 to 7100
vineet mendiratta (7/6/2011 4:34:26 PM): accha 5600 to filhaal nifty ki range hai
vineet mendiratta (7/6/2011 4:34:35 PM): so 5600pe ki hi baat kar rahe hain
vineet mendiratta (7/6/2011 4:34:57 PM): yehi hai na logic
kailash Chaturvedi (7/6/2011 4:35:19 PM): no
vineet mendiratta (7/6/2011 4:35:29 PM): then what is it?
kailash Chaturvedi (7/6/2011 4:35:39 PM): where nifty spot is trading
kailash Chaturvedi (7/6/2011 4:35:49 PM): say at 5630
kailash Chaturvedi (7/6/2011 4:36:06 PM): so go for 5600 or 5700 pe
kailash Chaturvedi (7/6/2011 4:36:20 PM): same for calls too
vineet mendiratta (7/6/2011 4:37:30 PM): lekin 5600 and 5700 the price is different
kailash Chaturvedi (7/6/2011 4:38:03 PM): yes
kailash Chaturvedi (7/6/2011 4:38:27 PM): but will move up if nifty will fall
vineet mendiratta (7/6/2011 4:41:52 PM): now nifty spot is 5636, so if u say buy nifty one should buy the 5600 ce right? and sell it as it goes up
kailash Chaturvedi (7/6/2011 4:42:16 PM): see 
kailash Chaturvedi (7/6/2011 4:42:27 PM): when i asked to buy
kailash Chaturvedi (7/6/2011 4:42:31 PM): buy ce
kailash Chaturvedi (7/6/2011 4:42:46 PM): when tgt in nifty comes
kailash Chaturvedi (7/6/2011 4:42:57 PM): book ur trade too
kailash Chaturvedi (7/6/2011 4:43:11 PM): or if i will ask to book book it
vineet mendiratta (7/6/2011 4:43:24 PM): right
kailash Chaturvedi (7/6/2011 4:43:46 PM): but u undersatnd only at msgr
kailash Chaturvedi (7/6/2011 4:44:04 PM): and not at trade
vineet mendiratta (7/6/2011 4:46:01 PM): this morning u gave a sell nifty instruction with its relevant target sl etc,
vineet mendiratta (7/6/2011 4:46:09 PM): here is the instruction - sell nifty 5656 5654 tgt 5640 5631 stop 5671 
kailash Chaturvedi (7/6/2011 4:46:53 PM): ok
vineet mendiratta (7/6/2011 4:48:18 PM): is there a way to sell it AND not using option?
kailash Chaturvedi (7/6/2011 4:48:36 PM): yes
kailash Chaturvedi (7/6/2011 4:48:44 PM): u can sell it
vineet mendiratta (7/6/2011 4:48:59 PM): but that does not worrk in zerodha
kailash Chaturvedi (7/6/2011 4:49:01 PM): open ur acct
kailash Chaturvedi (7/6/2011 4:49:10 PM): working
vineet mendiratta (7/6/2011 4:49:10 PM): its open 
vineet mendiratta (7/6/2011 4:49:13 PM): tell me
kailash Chaturvedi (7/6/2011 4:49:21 PM): select nfo
kailash Chaturvedi (7/6/2011 4:49:32 PM): then futindex
vineet mendiratta (7/6/2011 4:49:46 PM): i have future on my screen
kailash Chaturvedi (7/6/2011 4:49:52 PM): then nifty
vineet mendiratta (7/6/2011 4:50:03 PM): nifty11julfut
kailash Chaturvedi (7/6/2011 4:50:03 PM): july
vineet mendiratta (7/6/2011 4:50:10 PM): i have it already
kailash Chaturvedi (7/6/2011 4:50:16 PM): u can sell it
vineet mendiratta (7/6/2011 4:50:44 PM): but i can trade only 1 lot
kailash Chaturvedi (7/6/2011 4:50:45 PM): my son sold today
vineet mendiratta (7/6/2011 4:50:58 PM): cos my balance is 40k
kailash Chaturvedi (7/6/2011 4:51:03 PM): see 12 k req for 1 lot
vineet mendiratta (7/6/2011 4:51:08 PM): ok
kailash Chaturvedi (7/6/2011 4:51:20 PM): so in 40 k u can trade 150 
kailash Chaturvedi (7/6/2011 4:51:30 PM): or 3 lots
vineet mendiratta (7/6/2011 4:51:31 PM): so i could have put qty 150
kailash Chaturvedi (7/6/2011 4:51:42 PM): se trade 2 lots
kailash Chaturvedi (7/6/2011 4:51:59 PM): and 15 points will give u 1500
vineet mendiratta (7/6/2011 4:52:11 PM): ok
vineet mendiratta (7/6/2011 4:52:23 PM): then why buy put?
vineet mendiratta (7/6/2011 4:52:39 PM): to increase exposure?
kailash Chaturvedi (7/6/2011 4:53:03 PM): it is ur decision
vineet mendiratta (7/6/2011 4:54:15 PM): i could buy 500 pe and 15 points will give me 7500
vineet mendiratta (7/6/2011 4:54:47 PM): but to do that i need to know how much to buy pe for 
vineet mendiratta (7/6/2011 4:55:04 PM): and whats the tgt?
kailash Chaturvedi (7/6/2011 4:55:42 PM): see litle knowledge is dangerous thing
kailash Chaturvedi (7/6/2011 4:56:18 PM): see nifty moved by 30 points
kailash Chaturvedi (7/6/2011 4:56:36 PM): but pe moved by only 12 ponts
kailash Chaturvedi (7/6/2011 4:56:48 PM): have u noticed it
vineet mendiratta (7/6/2011 4:57:02 PM): yes
kailash Chaturvedi (7/6/2011 4:57:21 PM): and put falls rapidly
kailash Chaturvedi (7/6/2011 4:57:32 PM): raise slowly
kailash Chaturvedi (7/6/2011 4:57:45 PM): u know well
vineet mendiratta (7/6/2011 4:57:54 PM): yes
kailash Chaturvedi (7/6/2011 4:58:03 PM): so learn only
kailash Chaturvedi (7/6/2011 4:58:13 PM): improve knowledge
kailash Chaturvedi (7/6/2011 4:58:20 PM): if u want to earn
kailash Chaturvedi (7/6/2011 4:58:38 PM): i can give u trade
kailash Chaturvedi (7/6/2011 4:58:52 PM): but u have to click ur order
kailash Chaturvedi (7/6/2011 4:59:04 PM): at correct time
kailash Chaturvedi (7/6/2011 4:59:04 PM): at correct time
vineet mendiratta (7/6/2011 5:01:52 PM): bata went up today
vineet mendiratta (7/6/2011 5:02:11 PM): and that was a loss
kailash Chaturvedi (7/6/2011 5:02:46 PM): see in three trades 1 is in loss 
kailash Chaturvedi (7/6/2011 5:02:51 PM): and 2 in gains
kailash Chaturvedi (7/6/2011 5:03:12 PM): so net result will be
vineet mendiratta (7/6/2011 5:03:55 PM): depends where u square off
vineet mendiratta (7/6/2011 5:05:09 PM): anyways thats alright
kailash Chaturvedi (7/6/2011 5:07:00 PM): ok so ur end result is loss

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