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mwanafunzi
#1 Posted : Sunday, February 28, 2010 7:58:26 PM
Rank: Member


Joined: 12/3/2008
Posts: 113
Wazurians I have a new strategy I want to test,I want to trade rigorously on two to four of the most liquid counters and take take a possible margin from the price movements.has anyone been placing orders via email which are executed on time regardless of the networth of the client.and which is this brokerage house.advice please.
sheep
#2 Posted : Monday, March 01, 2010 6:40:49 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
You cant trade vigorously and expect to win,the odds are against you.Unless you are well connected you cant sell at the highest price and fast enough to cut heavy losses.

The only way is to take advantage of longterm trends,ignore taking advantage minor price corrections.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Much Know
#3 Posted : Monday, March 01, 2010 8:04:25 AM
Rank: Elder


Joined: 12/6/2008
Posts: 3,548
Remember we are T+5, there are ways around this but you need a lot of cash at every moment. Every trade also has to be at least 100k plus commissions to keep ur cost low at 2.4% buy and sell. Again your order needs to be a marginal discount on current price to sell, and higher to buy. You will most likely burn your fingers as less than 10% of those who try this succeed even in better and less costly markets than nse(see wikipedia stock trading), it looks like a lot of fun if you can hack it, very sexy work! Am studying with the aim of trying it. I believe some prominent skerian tried it and was burnt like a nonsense to the extent he ran away from sk.
A New Kenya
Wa_ithaka
#4 Posted : Monday, March 01, 2010 8:21:03 AM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
Try AIB for prompt board (it used before I got bought with its BS) and AA for prompt execution.
The Governor of Nyeri - 2017
mukiha
#5 Posted : Tuesday, March 02, 2010 5:45:31 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
NIC Capital
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
guru267
#6 Posted : Tuesday, March 02, 2010 5:46:41 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwanafunzi..i dont think rigorous trading on the NSE will work for you...
doesnt it take five working days for one to have a stock included in ones portfolio... how can one practice rigorous day trading under these cicumstances????
Mark 12:29
Deuteronomy 4:16
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