Weekend group discussion

Murli Chainani: Dear JS, You trade in nifty only or in stocks also?

Js: Only nifty Murliji

Js: Some reasons for this....

: 1.stocks don't obey technicals as much as indices do.....not difficult to understand why...because indices are average of the stocks and hence vibrate less

: 2.high liquidity

: 3.you don't have to study fundamentals of so many stocks....just macro

: 4. Premium is not bloated like that of stocks

: 5.stocks can crash like sky fall (Satyam etc), much more than index

: my technicals fail on stocks.....accuracy drops dramatically....

: earlier i used to blame my skills....but when same method worked beautifully in nifty, i got suspicious and checked deep.....only to discover that stocks are like single cylinder enfield bullet engine that vibrates a lot while nifty is an 8 cylinder coupe engine with all vibrations smoothened....

Rajan: Beautifully explained

Js: nifty can't sleep for more than a few hours....stocks can remain sleeping for years

JP: Just joined....interesting discussiona

Js: that is, perhaps, the reason why they say trade the stock which has started moving....otherwise leave it till then

: good stocks are seeds which should be acquired and planted in one's backyard before they start shooting into trees.....or, in other words, before they start growing even bigger....much bigger

JP: Great stuff..

Js: so, stocks are great for investing.....

: but for trading, only those stocks should be touched which have said good morning....

JP: Veer ji. I wish to be your student...

Murli Chainani: Nurturing explanation

Js: everyone is a teacher of something....everyone is a student of something😀

JP: Amazing..

Js: for day trading in stocks, algo trading is the only sensible profitable repeatable way....

JP: But every one can't access algo..

Js: true....

JP: For non tech savvy ...what is the way out..

Js: if u r determined enough, u can still do it....but won't be a match for equally determined rajans

: for non-tech savvy traders like me, sticking to one day trading tactic and sticking to one or two stocks or just nifty or bank nifty is enough

JP: Yes... Its easier that way

Js: one of the unbeatable advantage of algo trading is that it can throw up a just-awakened stock out of a lot of hundreds and thousands of stocks.....

: since manually u can't match that, it is better to stick to ur favourite naughty stocks

: which almost never sleep...

: it is like asking someone to reproduce a thousand replicas of a handcrafted gun......

JP: 👌

Js: a handcrafted trade will be a masterpiece even before the algo assembly line

: and a millionaire like u jp can always hire a techie to inject ur trading secrets into an empty algo

: i, for that reason, am a craftsman....only nifty, only one trade at a time....unlike the henry "rajan" ford assembly line

: but one day, i'm afraid, we artists will be extinct making way for the rajan robots....who will rule the world.....

: we will be cleaning them after every trading session and earning our livelihoods....

: one day, trading will change beyond imagination......

: we will miss the trading we don now....

Loganathanmoorthy: Very appreciable

Js: like those pit traders of the last century who have tears in their eyes recalling their pasts

Loganathanmoorthy: Trading never dies

Js: enjoy ur every trade....enjoy your every day in the terminal pit....enjoy your every win....celebrate ur every loss....

Loganathanmoorthy: May i know how to get algo p

Js: there are many skeletons available in the market.....buy one and program it with ur method....or get someone do it......

: if u google, u will come across them....i forgot the one rajanji is using....

Loganathanmoorthy: Are you using rajanji algo

Js: i am old fashioned illiterate craftsman trader using free google charts and half empty head...i don't have access to any algo.....it is like urdu to me...rajanji ke paas jaata hoon to chai biscuit ke baad vaapis bhej dete hain...

Arun Singla: 😄😄😄😄😄😄

Js: but someday i will hire a about-to-be-dead software programmer to code my method just before dying without making copies of that program

Arun Singla: 😄😄😄

Loganathanmoorthy: Good, very nice

Js: i still belong to the school of thought that believes that human mind can beat computers in mischief and counter mischieves be it trading or anything.....

Arun Singla: Tajmahal banwa ke haath katwa diye shehan shaah ne...aap bhi aisa hi sochte ho kya 😄😄

Js: yes....fortunately...

: not because i am that greedy or selfish....but because

: the day i openly reveal my method (as if that is a khajaanaa...anyhow) if it is of any worth it will become ineffective as the operators will change the setup...

: operators are like smart bacterium which quickly adapt to the over used antibiotic and change into a newer strain

: a close whatsapp group is harmless

: incubator of ideas...

: my friends as my  guinea pigs😜

Js: just joking.....i know my buddies have a terrific sense of humour

Arun Singla: I m not agree with ur algos suggestion....

Reason:
If trading can be done so easily by modifying algos, all technical experts or programmers from IIT would be millionaire..

It requires patience, discipline, money management and skills to make money..

Algos dont have such qualities, only it can calculate on pre fitted assumptioms we fixed their...🙇

Js: successful trading requires a child's mind....

: a child is a great gamer....

: successful trading is nothing but great gaming.....

: i always say that as long as we are trading we will keep getting beaten....

: don't trade it....play it...like a game....

Rupinder S Raina: Indeed

Js: we are playing on technical or fundamental level and getting beaten up on tactical level....

: a child can beat us all hand down...

: u and me stand no chance....

: the only thing is that that child doesn't know the jargon and is still a child....but given a chance children and make us run for covers in trading.....

: till of course, they continue playing the trades and don't start trading....

: this is the reason why engineers and physicians and ph.d.'s and ias and iit'ians and scientists etc are all losing miserably till operators make them forget who they are....

: i think a chess or kho-kho player or any sportsman can be a great trader...

: any thief or scamster can be a great trader...

: we have had many in history....i don't want to name them

Loganathanmoorthy: Great......

Js: do u think that it is a coincidence that all the top business dons are actually not ph.d. or iit'ians or doctors!!!

: operators play.....u can survive and thrive only by playing....simple

Arun Singla: No they hire for themselves people around all the corners.

Js: they decide the program....they get techie goondas to code the algo and run it

Arun Singla: 😄😄..not techie goondas...the top 10 programmers around the world at their mouth fill salaries..

Js: i recently read "freakonomics" by steven d.levitt wherein he has elaborated how the top dons exploit the poor down-the-ladder poorly paid bonded-labour-goondas

: not that techie techie.....only software is not tech...how to run a mafia operation is also tech

: i was talking of those techies....

: though u qualify for both buddie....

: i know u have great sense of humour too...