[normally_crazy]

Just got into this. Opened an account with ILFS - a friend works there and they handle the stuff, only take money from me :-( All's going well so far - good choices on the stocks I selected. Now I feel a bit more confident, so its time to explore.

[abhibh]

Well i play with it now days lot. Reliance, PNB, DLF(on bid right now), EMAMI are the ones own. Though i am new to this but one of relatives are in this business so they help us which one will be better to buy.

I also want to try my hand in MUTUAL FUNDS now

[merve_extreme]

I also play but only long term,no intraday or futures yet.

Originally Posted by normally_crazy

Just got into this. Opened an account with ILFS

Me too.I use InvestSmart for online trading.

[appuchan]

I have a good share of my total investments (about 25%) in stocks and a smaller share of about 10% in MFs. Being playing with it for more than 10 years. Currently all deals are thru ICICIDirect. Mostly into A/B grade stocks and medium to long term nowadays. Used to do a lot of day/margin trading earlier. Not getting time now.

Portfolio consists mainly of Finance/Banking, Manufacturing, Telecom and Energy sectors. Little bit in Tech/Constr as well.

[rareone]

can someone put some light on day/margin trading...

[Sudipto-S-Team]

Let's say you buy 100 shares of X at Rs 50 each at 10 am. This doesn't mean you have to immediately pay Rs 5000 to your broker. You pay after the market closes, preferably that day itself or next. But, let's say, at 3.15 pm X is quoting at Rs 55. If you sell it off you pocket Rs 5 difference(minus the two way brokerage) which the broker will pay you later. This is day trading. Meaning you square off your morning's transaction before the end of the day and either pay or pocket the profit - depending on your buying and selling price.
By the way, you can sell first and then buy it back as well. This is called playing the bear.
Most brokers will keep a deposit for doing this on your behalf. It is typically 10x. That is, if you keep Rs 10,000 as deposit, you can buy shares for the day worth Rs 1 lakh. That's margin trading.
Basically these terms mean you are doing speculation and not buying with an intention to keep or selling with an intention to deliver.
By the way, I just gave buying examples. Same holds true for selling also.

By the way, a rule of thumb in day trading - you always lose more than you gain. The broker always makes money.
Sudipto

[shuvd]

Have the 5 Paisa terminal and its quite good and easy to use.

@ rareone - Day trading is what you do on the same day i.e. buy a stock and sell it on the same day. Not that easy these days
Margin Trading if I not mistaken is the trade done with the exposure your dmat company gives you.

[Sudipto-S-Team]

I have explained what margin trading is, in my post. I am in the stock market since 1984/5.

[abhijitvp]

Originally Posted by rareone

Hey Guyz...

Just tell me for online trading which is better...

icicidirect.com

or

hdfcsec.com


So that i could finalize & open a account in that...

Both of them charge almost same brokerage. but icicidirect is way ahead than hdfcsec. I have used icicidirect for 1 year and then shifted to hdfc, but i feel it was a mistake. Best feature available on icicidirect is offline order placement. So I will advice you to go for icicidirect. You can also consider motilal oswal. They charge almost half brokerage than icici.

[shuvd]

Originally Posted by Sudipto-S-Team

I have explained what margin trading is, in my post. I am in the stock market since 1984/5.

Didn't see your post.

[madan80]

there is a very good site www.livemint.com; IMHO the best site for news and analysis. Its a collaboration with WSJ. I dont play the stock market, but do invdst in MFs etc. Played the forex market for a while, as a tip - stay off. too addictive and way too expensive.

[rareone]

Thnx all 4 the replies...

I had heard of a website which is a dummy share trading site... which is basically used by novice like me to get the feel of share market...

with no actual loss or profit...

any one knows which site???

[tsk1979]

which website it is? I would love to practice!

[rapideffect]

This is the one.

Moneybhai.com:: Stock market game >> Stock Market Game Competition >> Stock Market Simulations Game >> The Stock Market Game Program, Virtual Stock Exchange Trade, Free Stock Market Simulation Game, Win Prizes, Online Live Game.

This is temporarily closed for upgrade as of now.

[alabjarus]

Originally Posted by tsk1979

If yes, which are the sites you trust the most?
There are host of free sites as myiris.com, moneycontrol.com, ndtvprofit.com etc., and some paid ones like fortuneinstocks.com, midcaps.in, pennyshares.in, 10paisa.in etc., etc.,

I find moneycontrol.com the best. They belong to CNBC and hence the best way to be in touch with the stock market while in office. The rest I find to be poor imitations.

moneycontrol.com also lets you maintain your portfolio with daily summary mails sent to your mail box. You can even get the daily portfolio performance by SMS. Deadly tool for a traveling sales guy like me.