re: Day trading Nifty & Banknifty Futures
As some members mentioned Warren Buffet in this thread, here some thing you should know about the man:
Warren Buffet is not what he seems to be. Why? Do you know how his investments work or are done in reality? FA is only part of that and all the rest is: Investing on margins, means on credit. What is that? You lend money on the actual portfolio you run. WB is doing that with 60% on his actual value of his portfolio = For each 100 USD he has on real value, he uses credit of 60 USD. So he is doing business with a value of 160 USD by having in fact only 100 USD. In that way he gets a much better return on any investment.
As every body talks how secure and how much FA oriented that Sir works, this shows that this is not the fact or only part of the true story behind him. The risk those pro takes is incredible high. To make it clear: If you want to act or trade like WB, you need to trade at every time on your maximum risk by even using credits you got on your house or shares. Only for absolute pros and only for hard core investors and traders which follow there MM at any time, what ever happen.