Any daytraders/financial analysts in this DB?

[tennisluvr]

Anyone here with the above line of work? 

[NinduChandurudu]

i trade in nse ..beginner level

[tennisluvr]

4 minutes ago, NinduChandurudu said:

i trade in nse ..beginner level

Cool but are you a full time daytrader? 

[NinduChandurudu]

Just now, tennisluvr said:

Cool but are you a full time daytrader? 

no.. i have classes...I'm learning to trade...anyway market is bad now ..good time to enter

[iddaritho]

yes made decent money 

what do you want 

[batman]

6 minutes ago, tennisluvr said:

Cool but are you a full time daytrader? 

not a day trader, for that one needs min 25k in the trading account.

post your question, will answer if i know

[tennisluvr]

Thanks guys, what I am trying to find out is were you able to come up with an Algorithmic trading model that you could test out which made you money? If you did, what was your strategy to make one such model? 

[NinduChandurudu]

Just now, tennisluvr said:

Thanks guys, what I am trying to find out is were you able to come up with an Algorithmic trading model that you could test out which made you money? If you did, what was your strategy to make one such model? 

oh..nenu just balance sheets, p/e ratios chusi buy chesthanu..not too complicated trading.u can check investopedia or traderji

[tennisluvr]

1 minute ago, NinduChandurudu said:

oh..nenu just balance sheets, p/e ratios chusi buy chesthanu..not too complicated trading.u can check investopedia or traderji

Yeah man investopedia is a very good website. Not aware of the other one, I just brought a bunch of books I am going to sit and read as I am on bench right now and have time. 

Just trying to see if anyone has any tips on Algorithmic trading that's all, in case anyone has learned it by themselves. 

[Prabhas_Fan]

[BUDDY]

13 minutes ago, tennisluvr said:

Thanks guys, what I am trying to find out is were you able to come up with an Algorithmic trading model that you could test out which made you money? If you did, what was your strategy to make one such model? 

u can do it using python , python is comparatively easy to learn and there are a lot of projects on github which u can modify and use to test ur strategies

personally i'd stay away from day trading , i dont even know a single person that made money while day trading full time , basically because the system is kinda rigged , U simply cannot compete with the HFT systems that hedge funds use to day trade , these systems are so fast that by the time u realize a stock and place a trade the'll be in and out of that stock..

the main reason why these trading firms and hedgefunds are located close to wallst. is because they try to take advantage of even split second time  difference that happens due to their proximity to NYSE 

[BUDDY]

here's one project i found by googling , maybe u can use this to begin ur research   http://gbeced.github.io/pyalgotrade/

[iddaritho]

Day trading doesn't depend all the bullshit , short if price is dropping , buy if the price is going up 

Keep trail stop to prevent loss , 

Read new every day morning before trading opens 

Go long if you can analyze stock , day trading doesn't depend on company stats , but depends on news 

 

PS : If you can make any algorithm  and if it works send a  personal message , i will try it out in virtual trading for few days 

[NinduChandurudu]

Just now, BUDDY said:

u can do it by using python , python is comparatively easy to learn and there are a lot of projects on github which u can modify and use to test ur strategies

personally i'd stay away from day trading , i dont even know a single person that made money while day trading full time , basically because the system is kinda rigged , U cannot compete with the HFT systems that hedge funds use to day trade , these systems are so fast that by the time u realize a stock and place a trade the'll be in and out of that stock..

the main reason why these trading firms and hedgefunds are located close to wallst. is because they try to take advantage of even split second time  difference that happens due to their proximity to NYSE 

ya day trading is risky unless u have a good knowledge.. I am a fan of rakesh jhunjhunwala & I follow his principles....long term investing..buy right & sit..compounding is more important

[dkchinnari]

Bro..bench time motham ee thed ki saripothundi emo..daily cming up with new tech or new business..🙄🙄🙄