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@yeuemlam Yes. That is a valid case. The neighbourhood grocer need to pay his supplier by cash as he has received money in cash.

@thevindicator You might be right! But slowly this attitude needs to change. I remember the first time I went to a bank! I was nervous! But then got used to it! I got used to the banks so much that I hardly go to the banks now! :)

@jajohnson8907 One question that comes to my mind is: Is there a genuine need for people to give 10,000 Rs in cash to one another for any transaction? Unless of course, one of the two parties or both of them are trying to keep the transaction away from the authority's eyes!

@debsy17 http://forum.valuepickr.com/t/nifty-pe-after-all-earnings-have-been-declared/5568 There are some other financial news website sources too. But I am too lazy to hunt them down right now.

@debsy17 I hope you are aware that the NIFTY PE values on NSE India are based on standalone earnings of the company. Most Nifty companies, have consolidated earning that are higher than the standalone earnings. Hence the link you pointed to may not be the best place to check the NIFTY PE. My...

@debsy17 So, what number for the nifty pe is at your hand? Do you calculate it on your own using the steps mentioned above by you or do you get it from some site?

@peejaay You are preaching to the choir! ;-p :-)

@debsy17 How do you calculate NIFTY's PE? Edit: Small typo

@psaltichrysostom Yes.

@continueinfaith Considering the heavy over-subscription, I think people will have to apply for the IPO from their neighbor's dog's DMAT account if they want to make decent money. Considering what happened to BSE IPO, I will wait for few months and then decide.

@realmajor101 I agree. A true trader should try to make money both ways. But then I am not a blue blooded trader! This is just a project for 2018. Funds allocated to it will be less than 3%. I have no idea how it will unfold. (Current system has been created so that it can handle short calls if...

@realmajor101 I was planning on doing long only cash and carry trades. But that will depend on if the system that I have created functions in a profitable fashion. Testing will continue for 6 months or so.

@realmajor101 You are right. When people ask me for "tips" on FIRE, I ask them why they want to do so. Are they unhappy with what they are doing? Are they missing something in life? In most cases people are happy with their job and life, in which case I tell them, please continue what you are...

@resjudicata Check out Interactive Brokers. I have heard from few friends that they are good for algo trading -- both API and brokerage wise. The "tool" will be generating calls based on buy/sell "strategies" that I have put together. I am in the process of testing my buy strategies. Then I...

@resjudicata No no. That is not the way I am thinking about it. But LTCG tax will reduce my tax guilt to five percent. On an unrelated note, I am in process of creating a system that will generate short term buy and sell calls. That is something I am doing to take advantage of a flattish year...

@realmajor101 As I see it expenses don't matter in my calculation as my goal is to make (or at least try to make) as much money as my take home salary. I love investing and programming FOR investing! And because I love what I do, it does not seem work to me. Plus my "work" can be done from...

@trevorodhiambo Currently I don't need real time feeds. Just need the historical data which I have. As far as automation is concerned brokers like Interactive Brokers provide Python (and other languages too) based APIs that will aid in placing trades. Only the buy and sell strategies are a...

@trevorodhiambo ha ha ha .. looks like I will have to change your tag now: https://screenshots.firefox.com/lBiyGWHPh984Ym1g/www.reddit.com Yes, I am indeed in process of creating a system that will generate buy and sell calls based on few strategies that I have programmed. I am in process of...

@trevorodhiambo Btw, are you still doing F&O trades? Last time we met, you were in it .. hence asking ...

@trevorodhiambo Ans 1: Yes Ans 2: Yes Yes Let's see. Suppose my yearly post tax take home is 10lakhs. For that I need 50 Lakhs and 20% return. After 1st year, accounting for inflation (or yearly salary hike - whichever way you want to see it) my new figure is 10.7 lakhs. Right? Assuming...