Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Raj
As the tool uses leveraged trading as a matter of building positions, we know that these kind of trades get squared off automatically by 3:10PM by various brokers if you dont have the margin to hold the position overnight. Any thoughts on this?
Even though I call it "Positional", I personally do not have any positions overnight mainly for the "GAP UP" and "GAP DOWN" problem.
The advantage of trading during the day as you said is also having leveraged positions(The risk is also high here) if you want to multiply...
In the Zerodha world, for a capital of 1 lakh, for Intraday you can trade for around 450-500 quantities in NIFTY, where as positional is only 150-200 quantities. If you are using 2% risk model you would not want to trade more than 100 quantities...
The workaround might be to open the max quantities in the morning and if somebody is confident and want to carry forward the positions for next day, can close the extra positions by 3:15 pm (If you don't do your broker will anyway close the extra positions)