Can normal traders profit from jobbing strategy?
By Normal traders - i guess you are referring to someone trading from home using laptop/desktop.
Issues for such normal traders:
real time data. Jobbing firms have leased line and they get their data pretty fast. Eventhough zerodha has collocated servers with NSE, your internet connection may not be fast enough to show you all the ticks/price movements.
cost - trading from a jobbing firm is cost effective (brokerage/transaction cost). Even if trading with discount broker Zerodha - the cost would still be more as compared.
if you can beat the above two constraints, i guess you are good to make some money.
all the best.
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@loke
What is a jobbing strategy? What does it mean?
jobbers trade for 5-10 paise profit and have a stop loss of 5 paise. they trade multiple trades per day - ideally running into hundreds.
there are many jobbing firms in western mumbai that train you and then let you trade on profit sharing basis.
OMG! Thanks for the info. Will the volumes be high, since they trade only on 5-10 paise?
yes. they depend on volumes to make money.
sir can you name me those firms you mensioned in western mumbai i would like to join one