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joslinjose9
Senior Member
Joined: 26/Feb/2008
Online Status: Offline
Posts: 301
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   Posted: 18/Jul/2008 at 2:05pm |
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hi om i really appreciate ur hardwork and dedication towards finding this new style of trading.
i am wondering how u find the rate 973.40.if possible can u share that with us.
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fear of lord is the beginning of wisdom
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 18/Jul/2008 at 4:18pm |
Originally posted by omshivaya
18 July 2008
Portfolio Corpus: Rs. 984.40
Bet Re. 1 for every 1 point fall from 973.26 |
Status: No order executed as price was not touched.
Portfolio Corpus: Rs. 984.40
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 18/Jul/2008 at 4:25pm |
Originally posted by joslinjose9
hi om i really appreciate ur hardwork and dedication towards finding this new style of trading.
i am wondering how u find the rate 973.40.if possible can u share that with us.
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Thank you Joslin jee, appreciate it. Still lots of testing needs to be doNe, so let us focus on how it performS and if at all it performs well.
It is a proprietory mathematical formula that I have created and have been working on for some years. Anyhow, let's all focus on what it is able to provide. In my opinion, a consistent annual return in excess of 25% should be pretty good.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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joslinjose9
Senior Member
Joined: 26/Feb/2008
Online Status: Offline
Posts: 301
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Posted: 18/Jul/2008 at 8:16pm |
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om can this be able to apply for all stocks.
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fear of lord is the beginning of wisdom
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 18/Jul/2008 at 8:45pm |
What I am saying is for testing purposes only: "Answer to your question is Yes. But positions should only be opened on the NSE. And the amount that is bet/traded has to be exactly as system tells you else system will not work properly to ones benefit.
Also, the projected prices that are given by the system have to be followed precisely. By hit and trial, even if someone is able to find out the projected price on their own...the profits from following that system would usually be less than 1/5th of what it would be by following the system exactly
Edited by omshivaya - 18/Jul/2008 at 9:51pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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joslinjose9
Senior Member
Joined: 26/Feb/2008
Online Status: Offline
Posts: 301
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Posted: 18/Jul/2008 at 11:18pm |
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hi om,
bet re 1 for every one point fall from 973.26.what does this mean.
what i understood is i have to short when the price fell below 973.26 and cover it before 10 seconds of closing.
if i have one lakh rupess i have to short 103 shares at 973.26.do u think i am correct.
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fear of lord is the beginning of wisdom
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 18/Jul/2008 at 11:25pm |
If I have a portfolio of 1 lac rupees, I would short 3 share of HDFC Bank and not any more. That takes care to some extent(and not totally) of the money management part.
Also, I am pretty sure there is an easier and more cost-effective way of doing this using other menas, such as puts and calls.
I just checked and have modified the amounts above. Hope no doubts now!
Edited by omshivaya - 18/Jul/2008 at 11:43pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 19/Jul/2008 at 7:38pm |
Okay TEDdies, I have modified some part of the presentation on TED so that it is easy for everyone to understand how the portfolio is doing.
So, instead of saying: 'Bet Re. 1 for every point fall/rise in HDFC Bank" I shall from here on post it in the manner: "Sell/Buy X shares of HDFC bank from XXX.XX "
So, instead of the earlier format of:
Bet Re. 1 for every 1 point fall from 973.26
The format would now look like:
Sell 1 share of HDFC Bank from 973.26
I did this, so that everyone is able to understand it better.
Current portfolio corpus remains same at: Rs. 984.40
Edited by omshivaya - 19/Jul/2008 at 7:41pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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