Trying hand at share trading

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salluks

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am planning to try my hand at it..

pls suggest some good sites or the ones whihc u use..
am looking for intra day trades as lot of time at office to kill ..
got good review from a colleque for icicidirect.
 
try religare

their are many brokerage houses like religare , sharekhan , icicidirect , HDFC etccc

any big house will do fine

just depends on the brokerage which they charge

which can go on from 1p to 75p in intraday/delivery

(ps) i heard something about icici not giving live quotes of futures something , take a trial of the company software before u plunge in whichever u feel like .
 
I am not sure how much you know in share market but day trading is a risky business.
Execute your trade with plans otherwise it will burn your money. :hap2:
 
salluks said:
i tought initally ill sell as soon as i make 10 rupees more :D
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Too bad. You are having wrong target. What if your share price goes down from that day onwards. If you want to buy a share

1) Rearch the recent news about that share like dividens ongoing projects etc.
2) If positive, watch global trend how other market performs, oil price.
3) If ok, collect sector news is it any good news or bad (like interest rate in bank)
4) If that also good, follow the stock for few days how the up and downs are how much mutual fund holding all.
5) If it good, watch for bulk orders. is there any bulk buy or sell order in the stock. (Bulk buy means share price may rise, sell means may drop).
6) Decide your target both amount and day (like if you buy for 100 then decide the taget as 1 week hold and sell at profit or loss at certain percentage OR sell immediatly if it raises by 20 % reached OR sell at profit 10% or loss at max 10% which ever comes first)
7) These are just tips and it wont work all the time :tongue:
 
tech1978 said:
I am not sure how much you know in share market but day trading is a risky business.

Execute your trade with plans otherwise it will burn your money. :hap2:
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+1. I would suggest, try the same thing virtually first.

Whatever amount you want to start with, start with the same and a pen and paper. For 3-6 months MINIMUM, try doing the same without actually buying/selling anything. If after that period, you think you have made a profit (deduct brokerage charges too ;)) and its more than the 9-10% from an FD AND more than 2-3 Mutual funds (short list some and track those too), ONLY then should you take the plunge :)

EDIT: +1 to SenthilAnandh. Its not that simple. You need to put in some work and do your research properly. Else you are just gambling money, and will lose more often than you win :no:
 
salluks said:
am planning to try my hand at it..
pls suggest some good sites or the ones whihc u use..
am looking for intra day trades as lot of time at office to kill ..
got good review from a colleque for icicidirect.
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just because there is lot of time to kill @ office , thats why share trading :O :no: its a good thing to do if u have proper plans , but just for the sake of it is a big no no ......do ur research and invest properly for good returns......
 
Its addictive and plays on your mind all the time..Try only if you have nothing better to do..

Not to mention its very risky and times are not good..

Trust me you'l remember your shoes each time you make a loss:)
 
salluks said:
i know!!!

am only investing 5k....which will otherwise go to buy shoes..

just to see how it works out..
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if thats the way u are thinking....then atleast u get a pair of shoes on ur hard earned 5k...unless its the other way around!
 
Why don't you try ganja... at the very least you'll enjoy it more and it will be less heavy on the pocket :D
 
if you don't know what shares/debentures are don't get into it;

if you don't know how bulls/bears/share rally play don't get into it;

if you don't read economic times and watch Zee bussiness/CNBC regularly don't get into it;

if you don't know face value and trade volume don't get into it;

if you don't know ur father will get pissed off don't...

Still brave enuf

#never invest in penny stocks, invest in comp with good fundamentals like BHEL, L&T, ONGC, NTPC etc.

#Never jump and invest all money at once, get monthly/weekly share graphs, watch comp I/O perf. and use ur brain.

#Investing in diversified comp. will make your portfolio a bit stable
 
You can first try the online game "moneybhai" on moneycontrol.com. its like investing in the stock market but with virtual money. u can buy/sell all the stocks. and there are also prizes to be won. so try ur luck with this first.
 
man not even a single brave soul here, pussies!!!!!!!!
:D

anyway was planning to invest in SBI..

and cant do on moneycontrol cos tis blocked at office.
 
You don't have to be brave to try trading. just the appetite and money to handle the fluctuations.

Investing and Day-Trading are totally different from one another. google for more info if you are confused between the two.

I use ICICIDirect and am satisfied with their services. their brokerage rates are among the highest though. they do give live rates, but you have to refresh the page regularly. there is no live ticker system.

for day-trading try a brokerage which provides you with a terminal(trading software). ICICI doesnt provide a terminal , you have to use their website. Religare has their own software (lots of features) which can be used but they have annual charges for it.

Don't jump into this just because you have free time. There is a lot of information available on the net. Read a lot or try to find someone who is into day-trading and learn from him. My first trade earned me a profit of about 100 Rs. I was very happy with it only to find out later that day that including the total brokerage and taxes I was at a net loss of Rs 75 approximately.
 
no man, checked only moneycontrol is blocked...icici might get blocked if it increases traffic in office.but i doubt others like religare..
 
I have an account with icici direct and Reliance money. Icici direct is very good with the service. the only -ve is the brokerage they charge which is higher than others. reliance money is relatively new and is improving slowly. lots of improvement since last year. their brokerage is the lowest. its more on the lines of prepaid services. But since ur interested in intra day trading u may go with icici direct or kotak
 
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