re: Day trading Nifty & Banknifty Futures
I dont know how many newbies attracted to day trading after reading my previous thread diary of a daytrader ( closed now after 3 years ), I myself was attracted to daytrading after reading threads on daytrading, so that was least I could do to take revenge/payback :annoyed:
Daytrading needs a person to turn quickly when wrong and hold when right...it is in all types of trading but in daytrading margin of error is small...and rewards/punishments are instant....
All swing traders also dont make money...but their mistakes stay hidden for sometime and in the meanwhile, they may comeout even...
Daytrading obviously has advantage of no gaps, no adverse news....but it is not for everyone.
Trading is all same...day or swing...same basics...
ST