We had asked this questions to our subscribers and got really interesting (and witty) answers from them. Not possible to reproduce everything here but would like to share the best .
"Just like in gambling, the HOUSE never looses, similarly in intra-day , the broker never looses as he gets his cut whether you win or loose."
Do not want to go into details but would like to caution all of us , who are trying to create some fortune through intra-day trading. Odds are really against you.
Another main reason why lot of people indulge in intra-day trading is they do not have sufficient funds.Here is the catch-with small funds they get leverage from brokers only for intra-day trading, and hence do not have any choice but day trading only. Also they will be getting lot of software for trading and using stop losses so that they do not loose everything and come back next day to trade.(Stop loss is also a loss).And this cycle goes on till they loose that small amount also.
And see what we are trying to do ?
With little money, say 10 k , we are trying to make 10 k every month and that means 100% monthly returns. Possible ?? Even 50% monthly return is impossible on consistent basis. That is why, it is gambling only.
If that would have been possible, all the big businessmen would not have toiled so hard, setting their businesses.
So, what is the solution ?
Solution is , if you do not have funds, do not loose whatever you have.
Invest this money wisely in instruments like NIFTY BEES(One unit costs you one tenth of Nifty value, so if Nifty is at 7500, one unit will cost you 750/-). This way you are pretty diversified and not in for any serious capital erosion.
Once you have decent funds (say Rs 2 lakhs) , start using options for monthly returns ranging from 2% to 5%.
If you are already that stage, learn the art of trading options from experts.
Visit the following website for latest schedule for one day workshop.
www.theoptionschool.in
"Just like in gambling, the HOUSE never looses, similarly in intra-day , the broker never looses as he gets his cut whether you win or loose."
Do not want to go into details but would like to caution all of us , who are trying to create some fortune through intra-day trading. Odds are really against you.
Another main reason why lot of people indulge in intra-day trading is they do not have sufficient funds.Here is the catch-with small funds they get leverage from brokers only for intra-day trading, and hence do not have any choice but day trading only. Also they will be getting lot of software for trading and using stop losses so that they do not loose everything and come back next day to trade.(Stop loss is also a loss).And this cycle goes on till they loose that small amount also.
And see what we are trying to do ?
With little money, say 10 k , we are trying to make 10 k every month and that means 100% monthly returns. Possible ?? Even 50% monthly return is impossible on consistent basis. That is why, it is gambling only.
If that would have been possible, all the big businessmen would not have toiled so hard, setting their businesses.
So, what is the solution ?
Solution is , if you do not have funds, do not loose whatever you have.
Invest this money wisely in instruments like NIFTY BEES(One unit costs you one tenth of Nifty value, so if Nifty is at 7500, one unit will cost you 750/-). This way you are pretty diversified and not in for any serious capital erosion.
Once you have decent funds (say Rs 2 lakhs) , start using options for monthly returns ranging from 2% to 5%.
If you are already that stage, learn the art of trading options from experts.
Visit the following website for latest schedule for one day workshop.
www.theoptionschool.in
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