Trading is not a zero sum game.
Money lost by a person is the money gained by the other.
Day trading is really profitable for Broker houses and Govt !!!
If a broker is providing 10 times leverage and the trader is making a turnover of 2000 rs per day let us see who are the beneficiaries
1. With 4 paise intraday brokerage the trader will end up paying 80 paise.
2. STT - 17.5 paise.
Approximately 1% gone.
In 100 trading days 100 % gone !!!
Irrespective of the trader making profit or loss Brokers and govt is making money.
Next intraday income is treated as a speculative income which means 30 % tax on the profit provided the trader survives and comes out with a net profit at the end of the year.
FM's are smarter than the brokers.
So become a broker/sub broker and let others trade and take the risk and make money for you
Traders may come and traders may go but markets and brokers will remain
On the other side a smart disciplined emotionless trader in theory and who performs his home work on a daily basis following a good strategy and strict money management rules should be able to double his investment in a very short span of time varying from 15 days to 2 months off course using the leverage.
Unfortunately I have met only 2 day traders in person who are consistently making money.
And they are not ready to share their strategy
I am also looking for one such strategy experts kindly share )
Happy Trading.
JK