Thread: Day trading fraud ?

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  1. #1

    Default Day trading fraud ?

    i read it somewhere that you can't make money trading intraday, and now I am beginning to believe that there is something/someone controlling the market so day trading can't be profitable.
    I am using zerodha Trader and two ISPs BSNL and IDEA and something very peculiar happens when market moves very fast mostly when its going down e.g on 9 april at about 12:45pm when suddenly market started going down then zerodha trader stopped working and even websites like zerodha.com, nowonline.in won't open till 1:30 pm every other website was working fine, so I asked zerodha why did this happen and the guy from zerodha said that there must have been some problem with ur internet connection (surprisingly with both BSNL/IDEA) then he said maybe some plugin in zerodha is acting up so he suggested to change the name of the nest plugin folder, I said fine maybe that was the case so I didn't gave it much thought and treated it as odd days,
  2. #2

    Default

    the same thing happened yesterday(09-may-2013) around 2:30pm zerodha trader got disconnected from the nest system and won't connect , zerodha.com and nowonline didn't open but again everything else was working fine but at around 3pm all these problems disappeared.
    so someone want us to work hard earn money and then lose is to other guys ?
    is there a solution to that ?
  3. #3

    Default

    Solution

    1. Do not do intraday trading or

    2. Change to more reliable (in your experience) broker or

    3. Have account with multiple brokers or

    4. Accept these losses as normal process of intraday trading. or

    5. Ask the same question to more / others to get different better prespective
  4. #4
    DwightWem
    Guest

    Default

    Just look for another Broker Terminal, Invest in a good Internet provider don't cut corners when you have choose the above.
  5. #5

    Default

    ISPs run an algorithm by which it allocates bandwidth as per average usage.

    When the market is fast moving, orders multiply suddenly which is more than the allowed bandwidths capacity. Although, you may have the best download speed, but the ODIN upload speed could still be same hence unable to give proper updates.

    There is no solution. You have to bite the bullet.

    It is likely that this is done on purpose. It is in "their" best interest. I do not think the Broker terminals, that are directly connected to the exchange, face this problem.

    A trader may find himself badly stuck if he waiting to type the order while his SL level is being breached. And amidst the frantic typing if the net goes kaput the intraday trader is pretty much crucified. As a solution, place SL limit orders as soon as entry is hit. Don't wait for a better time.

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