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Question posted: 01 07 2010 19:13:06 +0000,
6 answers, 245 views, last activity
07 06 2010 20:18:08 +0000
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I am planning to launch an all India network of Intraday Analysis Centres.
As the BIGGEST discovery in stock market since Charles Dow discovered price trends, PRISM has now the capability to produce 100% accurate Intraday trading signals, based on a combination of any 2/3 parameters of the 14 parameters that lead to price moving up or down. Launched as an Intraday trading system for training on 8 Dec 2003, the system has become 100% on NIFTY FUTURES trading since April 2009. Over the lest several years, some 1200 persons have been trained on the system and a majority of them are using the PRISM Intraday trading system for daily trading.
The idea is now to spread the concept of 100% accurate Intraday trading among the small traders who are primarily speculators and are prone to losing money in intraday trading. The plan calls for establishing a centre called PRISM Intraday Analysis Centre at all major cities and towns on franchised basis.
Any entrepreneur having a small room/space and investment capacity of around Rs 1.25 lacs can open a centre.
The Intraday traders can come to the centre and sit through the entire trading hours on a payment of Rs 300 daily fee (less for regular users) and observe live analysis of stocks. A trained Analyst will be available to help the trader plan his/her trading strategy, fix daily income target based on available finance and provide accurate BUY and SELL calls. The trader can ring up his/her broker and place trades or if having own laptop with mobile internet, can trade directly sitting at the centre.
The idea is to wean away the Intraday traders from speculation and blind bets to professional way of trading.
The centre earns Rs 300 per trader so even 10 clients a day generate Rs 3000 daily, Rs 60,000 per month.
Full details of the project as well about PRISM Intraday Trading system and training program is available from the web site:
www.Daytradingfunda.com.
For any further details or clarifications, please write or speak to me.
Arunangshu M Lahiri
sharebaba@gmail.com
M: 09740076212 (Bangalore)/09330876212 (Kolkata)
With my experience any claim of 100% accuracy in prediction is possibly only if you are the GOD.
However, it is highly likely to earn money if you follow the following stems in intra-day or short term trades:
1. Trade only in extremely liquid stocks.
2. Make a plan which typically has one entry point (can be a buy or sell) and two exit points (sells or buys). Of the two exits, one will be a a stop loss point and the other wll be the target.
3. The plan should be executed only if the risk to reward ratio is 1:3. Both risk and reward takes care of all the expenses. If the plan dose not qualify then ignore is plan and look for another option.
4. After finalizing the plan, never deviate from it ever.
"Never deviate". If you do not follow the above rules, you are unlikely to make money in short term trades.
I believe an algorithm based model can never be 100% perfect, concept of '100% accurate Intraday trading' is a misnomer. Most speculators trade just for the adrenalin rush they receive when the sit in front of the live screen, so how much your model can help them is doubtful. To win in stock markets one needs to train his or mind and should be strongly disciplined which is very difficult for a speculator to attain.
In your model even before a trader starts trading he is behind by Rs 300, which is the daily fee add the commissions and other charges which he will end up paying for all the days trade. So even if a trader trader for 200 days in a year he has to shell out Rs 60,000 just as fees to use this model. Speculators/daily traders hardly start trading with Rs 50,000 - Rs1,00,000 as capital. So even through your model the guy earns say Rs 60,000 on a capital of Rs 1,00,000 (a 60% gain) he is still not gaining.
Nevertheless all the best to your entrepreneurial venture.
First, let me answer to ashutosh. Guy, please get real. Don't mouth meaningless bookish stuff. I am discussing an imp issue. Don't expose ur lack of knowledge by mouthing those stuff. Just because some guys have said something doesn't mean it is the gospel. Go to my web site and try to understand what I am saying. 100% accuracy doesn't mean all ur trades will be profitable. And even God is hardly expected to know intraday trading. What I am saying is that the Nifty levels are 100% accurate. what happens is this, when u buy in a market reversal, ur trade is not safe till it crosses certain level. I know this level with 100% accuracy for every trade. Long or short. So when I give a call I tell people that level and tell them that till nifty crosses that the trade is not safe. Next, if it crosses, I also know where it will go and stop and correct. After correction it can go up or down (long or short call) or the rally might end there itself and nifty make a reversal from there. So best thing to do is to take profit at that level and wait for nifty to break above so that u can start another long trade or if nifty reverses, u can initiate a new short trade. It is simple when u know what can happen even in an uncertain situation. U know if it falls, where it will fall and if nifty goes up, where it will go. Knowing beforehand means u r never surprised, never panicked.
The moment you take it to the masses the accuracy of your model will falter. Keep it as a niche segment. After all let's not forget the biggest meltdown of 2008 was exarcebated because of so called Algorithm based Quantum models and had been considered as fool proof.
Also please do understand that Herd mentality is always detrimental to your returns.
It is a good idea Mr. Arunangshu, if it is implement it will be useful for the people those who have no idea about shares. It will motivate them to inverst because there is someone to guide them and the fair is also reasonable. This will give a new face for the stock market and will help many companies to grow.
But could you tell me who is eligible to start this center?
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